2022 Q4 Form 20-F Financial Statement

#000110465923042489 Filed on April 06, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $5.050M $15.05M $326.2M
YoY Change -98.45% -95.39% -39.04%
Cost Of Revenue $1.060M $3.194M $83.43M
YoY Change -98.73% -96.17% -42.89%
Gross Profit $3.990M $11.85M $242.8M
YoY Change -98.36% -95.12% -37.58%
Gross Profit Margin 79.01% 78.77% 74.42%
Selling, General & Admin $5.730M $21.35M $207.3M
YoY Change -97.24% -89.7% -39.22%
% of Gross Profit 143.61% 180.08% 85.4%
Research & Development $440.0K $2.865M $26.73M
YoY Change -98.35% -89.28% -40.07%
% of Gross Profit 11.03% 24.17% 11.01%
Depreciation & Amortization $103.0K
YoY Change -97.48%
% of Gross Profit 0.87%
Operating Expenses $6.160M $24.21M $232.2M
YoY Change -97.35% -89.57% -39.76%
Operating Profit -$2.170M -$12.36M $10.58M
YoY Change -120.5% -216.77% 202.37%
Interest Expense $30.00K $0.00 $3.758M
YoY Change -99.2% -100.0% -68.42%
% of Operating Profit 35.51%
Other Income/Expense, Net $140.0K -$500.0K
YoY Change
Pretax Income -$2.000M -$12.78M $11.13M
YoY Change -117.97% -214.86% -51.4%
Income Tax $0.00 $60.00K -$6.899M
% Of Pretax Income -61.99%
Net Earnings -$3.610M -$42.56M $18.03M
YoY Change -120.02% -336.04% -43.31%
Net Earnings / Revenue -71.49% -282.8% 5.53%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 -$0.12 $53.04K
COMMON SHARES
Basic Shares Outstanding 335.6M
Diluted Shares Outstanding 335.6M

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.10M $23.10M $131.9M
YoY Change -82.49% -82.49% -89.96%
Cash & Equivalents $18.19M $18.20M $33.68M
Short-Term Investments $90.65M
Other Short-Term Assets $3.500M $3.500M $19.15M
YoY Change -81.73% -81.73% -93.66%
Inventory $169.0K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $26.57M $26.60M $151.3M
YoY Change -82.44% -82.41% -90.65%
LONG-TERM ASSETS
Property, Plant & Equipment $25.00K $800.0K $8.458M
YoY Change -99.7% -90.54% -92.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $169.0K $200.0K $25.60M
YoY Change -99.34% -99.22% -94.29%
Total Long-Term Assets $1.067M $1.000M $35.82M
YoY Change -97.02% -97.21% -93.95%
TOTAL ASSETS
Total Short-Term Assets $26.57M $26.60M $151.3M
Total Long-Term Assets $1.067M $1.000M $35.82M
Total Assets $27.63M $27.60M $187.1M
YoY Change -85.23% -85.25% -91.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $4.341M $4.700M $18.13M
YoY Change -76.06% -74.08% -93.53%
Deferred Revenue $15.17M $2.874M
YoY Change 427.73%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.51M $20.50M $297.0M
YoY Change -93.1% -93.1% -90.16%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $156.0K $500.0K $3.453M
YoY Change -95.48% -85.52% -94.09%
Total Long-Term Liabilities $547.0K $500.0K $3.453M
YoY Change -84.16% -85.52% -94.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.51M $20.50M $297.0M
Total Long-Term Liabilities $547.0K $500.0K $3.453M
Total Liabilities $21.06M $21.10M $300.5M
YoY Change -92.99% -92.98% -90.23%
SHAREHOLDERS EQUITY
Retained Earnings -$331.2M -$288.6M
YoY Change 14.75%
Common Stock $337.4M $187.8M
YoY Change 79.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.640M
YoY Change
Treasury Stock Shares
Shareholders Equity $6.577M $6.600M -$113.4M
YoY Change
Total Liabilities & Shareholders Equity $27.63M $27.60M $187.1M
YoY Change -85.23% -85.25% -91.53%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$3.610M -$42.56M $18.03M
YoY Change -120.02% -336.04% -43.31%
Depreciation, Depletion And Amortization $103.0K
YoY Change -97.48%
Cash From Operating Activities -$45.70M
YoY Change -54.79%
INVESTING ACTIVITIES
Capital Expenditures $5.000K
YoY Change -100.09%
Acquisitions
YoY Change
Other Investing Activities $2.500M
YoY Change -97.52%
Cash From Investing Activities $2.508M
YoY Change -97.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.48M
YoY Change -999.73%
NET CHANGE
Cash From Operating Activities -45.70M
Cash From Investing Activities 2.508M
Cash From Financing Activities 20.48M
Net Change In Cash -23.42M
YoY Change 173.1%
FREE CASH FLOW
Cash From Operating Activities -$45.70M
Capital Expenditures $5.000K
Free Cash Flow -$45.71M
YoY Change -52.02%

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IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
999000
CY2021 coe Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
-860000
CY2022 coe Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
-801000
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-91000
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-5000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2856000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
12293000
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4554000
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2236000
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-874000
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-898000
CY2021 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-127000
CY2022 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
91000
CY2022 us-gaap Increase Decrease Due From Other Related Parties
IncreaseDecreaseDueFromOtherRelatedParties
-389000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-4983000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1929000
CY2020 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
104184000
CY2021 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-100046000
CY2022 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-47630000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
104184000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-105029000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-45701000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5000
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
118000
CY2021 coe Payments For Interest Bearing Deposits In Banks
PaymentsForInterestBearingDepositsInBanks
17553000
CY2022 coe Payments For Interest Bearing Deposits In Banks
PaymentsForInterestBearingDepositsInBanks
4872000
CY2021 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
23317000
CY2022 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
17614000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
106000
CY2022 coe Repayment Of Investment To Discontinued Operations
RepaymentOfInvestmentToDiscontinuedOperations
20484000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
5647000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-7641000
CY2020 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-105988000
CY2021 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
92661000
CY2022 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
10149000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-105988000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
98308000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2508000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8000
CY2021 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
23567000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
23575000
CY2020 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
1288000
CY2021 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-25926000
CY2022 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
20484000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1288000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2351000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
20484000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1418000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
618000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-714000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
902000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8454000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-23423000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
49161000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
50063000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
41609000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
50063000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
41609000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18186000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
50063000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
16998000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24611000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18186000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
84000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
56000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
151000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
863000
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-4191000
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-12844000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-331166000
CY2021Q4 coe Net Current Assets Liabilities
NetCurrentAssetsLiabilities
-26681000
CY2022Q4 coe Net Current Assets Liabilities
NetCurrentAssetsLiabilities
-6057000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
0
CY2021 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-4983000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1929000
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-11556000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4324000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
9082000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><span style="display:inline-block;text-indent:0pt;width:18pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;">d</span></span>Use of estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">The preparation of the Group’s consolidated financial statements in conformity with the U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the balance sheet date and reported revenues and expenses during the reported periods in the consolidated financial statements and accompanying notes. Significant accounting estimates include, but are not limited to, determination of standalone selling prices of performance, obligations that have never been separately sold, assessment for the impairment of long-lived assets, the valuation allowance of deferred tax assets, assessment of impairment of contract cost assets and prepaid expenses, and the valuation and recognition of share-based compensation. </p>
CY2021Q4 coe Contract With Customer Contract Liability
ContractWithCustomerContractLiability
2770000
CY2022Q4 coe Contract With Customer Contract Liability
ContractWithCustomerContractLiability
15025000
CY2021Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
45000
CY2022Q4 us-gaap Accounts And Financing Receivable Allowance For Credit Loss
AccountsAndFinancingReceivableAllowanceForCreditLoss
81000
CY2022Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
121000
CY2021Q4 coe Contract With Customer Liability Deposits From Students
ContractWithCustomerLiabilityDepositsFromStudents
59000
CY2022Q4 coe Contract With Customer Liability Deposits From Students
ContractWithCustomerLiabilityDepositsFromStudents
21000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2874000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
15167000
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
788000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15048000
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
1456000
CY2020 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
0
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
0
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1590000
CY2020 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2021 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2022 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2401000
CY2022 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
15025000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
0
CY2021 us-gaap Advertising Expense
AdvertisingExpense
772000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
5101000
CY2022Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P2Y
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
0
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
263000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
699000
CY2022Q4 coe Cost To Collect Tuition Fee From Third Party Payment Channel Current
CostToCollectTuitionFeeFromThirdPartyPaymentChannelCurrent
302000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
219000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
712000
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
341000
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
280000
CY2021Q4 coe Deposit In Third Party Payment Channel Current
DepositInThirdPartyPaymentChannelCurrent
380000
CY2022Q4 coe Deposit In Third Party Payment Channel Current
DepositInThirdPartyPaymentChannelCurrent
278000
CY2022Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
172000
CY2019Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2000000.0
CY2019Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
30112
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
852000
CY2019Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0.028
CY2020Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
25
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1000
CY2020Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0.038
CY2020Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
34875
CY2020Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3496000
CY2020Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0.1
CY2021Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
30258
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3142000
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0.1
CY2022 coe Minimum Portion Of After Tax Profit To Be Allocated To Statutory Surplus Under Prc Law
MinimumPortionOfAfterTaxProfitToBeAllocatedToStatutorySurplusUnderPrcLaw
0.10
CY2022 coe Statutory Accounting Practices Reserve Level Threshold For Mandatory Transfer To Statutory Surplus Fund Percentage
StatutoryAccountingPracticesReserveLevelThresholdForMandatoryTransferToStatutorySurplusFundPercentage
0.50
CY2022 coe Minimum Portion Of After Tax Profit To Be Allocated To General Reserve Under Prc Law
MinimumPortionOfAfterTaxProfitToBeAllocatedToGeneralReserveUnderPrcLaw
0.10
CY2022 coe Statutory Accounting Practices Reserve Level Threshold For Mandatory Transfer To General Reserve Fund Percentage
StatutoryAccountingPracticesReserveLevelThresholdForMandatoryTransferToGeneralReserveFundPercentage
0.50
CY2022 coe Amount Allocated To Statutory Reserves
AmountAllocatedToStatutoryReserves
0
CY2021Q4 coe Prepaid Professional Service Fees
PrepaidProfessionalServiceFees
119000
CY2022Q4 coe Prepaid Professional Service Fees
PrepaidProfessionalServiceFees
164000
CY2021Q4 us-gaap Prepaid Rent
PrepaidRent
226000
CY2022Q4 us-gaap Prepaid Rent
PrepaidRent
138000
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
128000
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
120000
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1333000
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
598000
CY2020 coe Foreign Currency Exchange Rate Fluctuations Depreciation
ForeignCurrencyExchangeRateFluctuationsDepreciation
6.5
CY2021 coe Foreign Currency Exchange Rate Fluctuations Depreciation
ForeignCurrencyExchangeRateFluctuationsDepreciation
2.3
CY2022 coe Foreign Currency Exchange Rate Fluctuation Percentage
ForeignCurrencyExchangeRateFluctuationPercentage
9.2
CY2022Q4 coe Prepaid Costs To Obtain Contracts With Customers
PrepaidCostsToObtainContractsWithCustomers
1457000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2527000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3509000
CY2022 coe Amount Received From Employees
AmountReceivedFromEmployees
445000
CY2022 coe Amount Received To Transfer Creditors Rights With Employees
AmountReceivedToTransferCreditorsRightsWithEmployees
445000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4436000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1243000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4288000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1218000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
148000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25000
CY2020 us-gaap Depreciation
Depreciation
0
CY2021 us-gaap Depreciation
Depreciation
92000
CY2022 us-gaap Depreciation
Depreciation
91000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
125000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
125000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
21000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
116000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
104000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12000
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
12000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
12000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
12000
CY2022Q4 coe Finite Lived Intangible Assets Amortization Expense Year Five And Thereafter
FiniteLivedIntangibleAssetsAmortizationExpenseYearFiveAndThereafter
56000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
104000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
263000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
662000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
37000
CY2021 us-gaap Lease Cost
LeaseCost
263000
CY2022 us-gaap Lease Cost
LeaseCost
699000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
435000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
326000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
761000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
27000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
734000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M14D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M2D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0543
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1424000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
466000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
151000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
863000
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1382000
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1916000
CY2021Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
647000
CY2022Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
1596000
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
820000
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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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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2022 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 Foreign Income Tax Expense Benefit Continuing Operations
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Income Tax Expense Benefit
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4763000
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38000
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389000
CY2022Q4 coe Unrealized Foreign Exchange Gain
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-109000
CY2022Q4 coe Deferred Tax Assets Tax Contract Cost Related Assets
DeferredTaxAssetsTaxContractCostRelatedAssets
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2022Q4 us-gaap Deferred Tax Liabilities
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84000
CY2022Q4 coe Operating Loss Carryforwards Expiration Year One
OperatingLossCarryforwardsExpirationYearOne
177000
CY2022Q4 coe Operating Loss Carryforwards Expiration Year Two
OperatingLossCarryforwardsExpirationYearTwo
4371000
CY2022Q4 coe Operating Loss Carryforwards Expiration Year Three
OperatingLossCarryforwardsExpirationYearThree
6591000
CY2022Q4 coe Operating Loss Carryforwards Expiration Year Four
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2246000
CY2022Q4 coe Operating Loss Carryforwards Expiration Year Five
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3633000
CY2021 coe Deferred Tax Assets Valuation Allowance Provisions
DeferredTaxAssetsValuationAllowanceProvisions
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CY2022 coe Deferred Tax Assets Valuation Allowance Provisions
DeferredTaxAssetsValuationAllowanceProvisions
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3633000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2022 coe Redesignation Or Conversion Ratio
RedesignationOrConversionRatio
1
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2020Q4 us-gaap Common Stock Shares Issued
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CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2021Q4 us-gaap Common Stock Shares Outstanding
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CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
337816197
CY2022Q4 us-gaap Common Stock Shares Outstanding
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CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
0
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Share Based Compensation
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CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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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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CY2021 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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CY2022 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2022Q4 coe Number Of Common Stock Per Ads
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15
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25000
CY2022Q4 us-gaap Purchase Obligation Due In Next Twelve Months
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25000
CY2022Q4 coe Future Minimum Commitments Total
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25000
CY2022Q4 coe Future Minimum Commitments To Be Paid Year One
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25000
CY2022 coe Statutory Accounting Practices Minimum Percentage Of After Tax Profit Required To Be Appropriated To General Reserve Fund
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CY2022Q4 us-gaap Number Of Countries In Which Entity Operates
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3

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