2023 Q1 Form 10-K Financial Statement

#000143774923008631 Filed on March 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $9.944M $10.49M $43.35M
YoY Change -7.56% 94.15% 135.13%
Cost Of Revenue $4.855M $5.819M $25.61M
YoY Change -29.28% 66.16% 154.08%
Gross Profit $5.089M $4.671M $17.74M
YoY Change 30.76% 145.71% 112.27%
Gross Profit Margin 51.18% 44.53% 40.92%
Selling, General & Admin $4.034M $4.702M $15.54M
YoY Change 13.09% 89.6% 83.42%
% of Gross Profit 79.27% 100.66% 87.62%
Research & Development $366.0K $354.0K $1.251M
YoY Change 51.87% 272.63% 127.45%
% of Gross Profit 7.19% 7.58% 7.05%
Depreciation & Amortization $779.0K $773.0K $131.0K
YoY Change 10.18% 134.95% -90.4%
% of Gross Profit 15.31% 16.55% 0.74%
Operating Expenses $5.179M $5.829M $20.22M
YoY Change 14.71% 100.72% 94.64%
Operating Profit -$90.00K -$1.158M -$2.480M
YoY Change -85.55% 15.45% 22.11%
Interest Expense $803.0K -$82.00K $2.743M
YoY Change -84.0% -56.38% -440.75%
% of Operating Profit
Other Income/Expense, Net -$867.0K -$7.000K $4.435M
YoY Change -14550.0% -98.65% -944.76%
Pretax Income -$957.0K -$1.301M $1.955M
YoY Change -138.2% -23.87% 669.69%
Income Tax $43.00K $33.00K $79.00K
% Of Pretax Income 4.04%
Net Earnings -$1.000M -$1.334M $1.876M
YoY Change -139.97% -22.53% 134.79%
Net Earnings / Revenue -10.06% -12.72% 4.33%
Basic Earnings Per Share -$0.14 $0.28
Diluted Earnings Per Share -$0.14 -$0.20 $0.28
COMMON SHARES
Basic Shares Outstanding 7.394M 21.80M shares 6.664M
Diluted Shares Outstanding 7.351M 6.664M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.905M $1.633M $1.633M
YoY Change -34.79% -43.36% -43.36%
Cash & Equivalents $3.905M $1.633M $1.633M
Short-Term Investments
Other Short-Term Assets $804.0K $1.819M $1.819M
YoY Change -65.42% 11.32% 11.32%
Inventory $1.479M $2.267M $2.267M
Prepaid Expenses
Receivables $6.849M $8.263M $8.263M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.04M $13.98M $13.98M
YoY Change -31.9% 43.08% 43.08%
LONG-TERM ASSETS
Property, Plant & Equipment $245.0K $201.0K $1.785M
YoY Change -80.03% 168.0% 144.86%
Goodwill $26.45M $26.45M
YoY Change 251.53%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $44.00K $43.00K $43.00K
YoY Change -15.38% 760.0% 760.0%
Total Long-Term Assets $52.07M $52.03M $52.03M
YoY Change 19.04% 296.93% 296.93%
TOTAL ASSETS
Total Short-Term Assets $13.04M $13.98M $13.98M
Total Long-Term Assets $52.07M $52.03M $52.03M
Total Assets $65.10M $66.02M $66.02M
YoY Change 3.54% 188.51% 188.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.087M $3.757M $3.757M
YoY Change -36.75% 49.26% 49.26%
Accrued Expenses $3.726M $3.828M $4.539M
YoY Change 23.42% 81.42% 89.84%
Deferred Revenue $3.605M $1.223M
YoY Change 187.09%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.944M $4.499M $4.499M
YoY Change 106.34%
Total Short-Term Liabilities $16.86M $16.50M $16.50M
YoY Change 0.02% 140.5% 140.5%
LONG-TERM LIABILITIES
Long-Term Debt $12.42M $13.07M $13.07M
YoY Change -4.64% 90.15% 90.15%
Other Long-Term Liabilities $80.00K $205.0K $10.87M
YoY Change -99.43% -50.96% 2499.76%
Total Long-Term Liabilities $12.50M $13.28M $23.94M
YoY Change -53.63% 82.06% 228.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.86M $16.50M $16.50M
Total Long-Term Liabilities $12.50M $13.28M $23.94M
Total Liabilities $40.02M $40.44M $40.44M
YoY Change -8.67% 185.73% 185.73%
SHAREHOLDERS EQUITY
Retained Earnings -$51.41M -$50.41M
YoY Change -3.53%
Common Stock $74.00K $218.0K
YoY Change 81.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.08M $25.58M $25.58M
YoY Change
Total Liabilities & Shareholders Equity $65.10M $66.02M $66.02M
YoY Change 3.54% 188.51% 188.51%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$1.000M -$1.334M $1.876M
YoY Change -139.97% -22.53% 134.79%
Depreciation, Depletion And Amortization $779.0K $773.0K $131.0K
YoY Change 10.18% 134.95% -90.4%
Cash From Operating Activities $3.868M $342.0K -$708.0K
YoY Change 222.06% -59.19% -250.32%
INVESTING ACTIVITIES
Capital Expenditures $31.00K $1.207M $149.0K
YoY Change -103.95% -266.02% -112.86%
Acquisitions $0.00 $17.19M
YoY Change -100.0%
Other Investing Activities $0.00 $0.00 -$17.19M
YoY Change -100.0%
Cash From Investing Activities -$1.034M -$1.207M -$21.48M
YoY Change -94.25% 66.02% 1752.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$562.0K 1.679M $20.93M
YoY Change -102.83% 1099.6%
NET CHANGE
Cash From Operating Activities $3.868M 342.0K -$708.0K
Cash From Investing Activities -$1.034M -1.207M -$21.48M
Cash From Financing Activities -$562.0K 1.679M $20.93M
Net Change In Cash $2.272M 814.0K -$1.250M
YoY Change -26.83% 633.33% -218.26%
FREE CASH FLOW
Cash From Operating Activities $3.868M $342.0K -$708.0K
Capital Expenditures $31.00K $1.207M $149.0K
Free Cash Flow $3.837M -$865.0K -$857.0K
YoY Change 93.2% -155.27% -152.58%

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CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1074000 usd
CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2022 crex Increase Decrease In Accounts And Unbilled Receivables
IncreaseDecreaseInAccountsAndUnbilledReceivables
3927000 usd
CY2021 crex Increase Decrease In Accounts And Unbilled Receivables
IncreaseDecreaseInAccountsAndUnbilledReceivables
673000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1472000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-62000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-480000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
342000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
914000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
869000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-462000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-338000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1112000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
206000 usd
CY2022 crex Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
110000 usd
CY2021 crex Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
1261000 usd
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
47000 usd
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-37000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-708000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
471000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
17186000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-0 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
149000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19000 usd
CY2022 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
4140000 usd
CY2021 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1140000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21475000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1159000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
-0 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000 usd
CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
1814000 usd
CY2021 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
CY2022 crex Proceeds From Warrant Issuance And Exercises
ProceedsFromWarrantIssuanceAndExercises
8295000 usd
CY2021 crex Proceeds From Warrant Issuance And Exercises
ProceedsFromWarrantIssuanceAndExercises
0 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1044000 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
100000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1849000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
20933000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1745000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1250000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1057000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2883000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1826000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1633000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2883000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-50409000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1633000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-2480000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-708000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1671000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1583000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
596000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
297000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
2267000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
1880000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
1275000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
6875000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
-0 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6875 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7360271
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2324007
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"><i><em style="font: inherit;">8.</em> Use of Estimates</i></p> <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;margin:0pt;text-indent:36pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Our significant estimates include: warrant liability valuation, contingent purchase consideration valuation, the allowance for doubtful accounts, valuation allowances related to deferred taxes, the fair value of acquired assets and liabilities, the fair value of liabilities reliant upon the appraised fair value of the Company, valuation of stock-based compensation awards and other assumptions and estimates used to evaluate the recoverability of long-lived assets, goodwill and other intangible assets and the related amortization methods and periods. Actual results could differ from those estimates.</p> <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;margin:0pt;"/>
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
658000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
401000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
457000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
326000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
201000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
75000 usd
CY2022 us-gaap Depreciation
Depreciation
131000 usd
CY2021 us-gaap Depreciation
Depreciation
109000 usd
CY2022 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
4444000 usd
CY2021 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
1140000 usd
CY2022 crex Capitalized Computer Software Amortization Period
CapitalizedComputerSoftwareAmortizationPeriod
P3Y
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
43000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
32000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
2312000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
1801000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
3664000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
3485000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
43350000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
18437000 usd
CY2022 crex Capitalized Software In Accounts Payable
CapitalizedSoftwareInAccountsPayable
556000 usd
CY2021 crex Capitalized Software In Accounts Payable
CapitalizedSoftwareInAccountsPayable
0 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
CY2022 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 usd
CY2021 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
264000 usd
CY2022 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 usd
CY2021 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
200000 usd
CY2022 crex Decrease In Debt Discount
DecreaseInDebtDiscount
0 usd
CY2021 crex Decrease In Debt Discount
DecreaseInDebtDiscount
133000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1350000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
106000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
35151000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11399000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13547000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8697000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11399000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8697000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23752000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4850000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2702000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1251000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3272000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3109000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2875000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2408000 usd
CY2022Q4 crex Finitelived Intangible Asset Expected Amortization After Year Four
FinitelivedIntangibleAssetExpectedAmortizationAfterYearFour
12088000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
20641000 usd
CY2022 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
1731499
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3069000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
17572000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4499000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
13073000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7185000 usd
CY2021 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
196079
CY2021Q4 crex Long Term Debt Fair Values
LongTermDebtFairValues
-166000 usd
CY2021Q4 crex Debt Instrument Carrying Amount Excluding Fair Value
DebtInstrumentCarryingAmountExcludingFairValue
7019000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
144000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
51000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
22000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
30000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-0 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
79000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22000 usd
CY2022Q4 crex Deferred Tax Assets Operating Loss And Credit Carryforwards
DeferredTaxAssetsOperatingLossAndCreditCarryforwards
37953000 usd
CY2021Q4 crex Deferred Tax Assets Operating Loss And Credit Carryforwards
DeferredTaxAssetsOperatingLossAndCreditCarryforwards
35448000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
3737000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
11000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
43391000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0202 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0521 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0251 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.2647 pure
CY2022 crex Effective Income Tax Rate Reconciliation Debt Forgiveness Percent
EffectiveIncomeTaxRateReconciliationDebtForgivenessPercent
0 pure
CY2021 crex Effective Income Tax Rate Reconciliation Debt Forgiveness Percent
EffectiveIncomeTaxRateReconciliationDebtForgivenessPercent
-1.2843 pure
CY2022 crex Effective Income Tax Rate Reconciliation Fair Value Of Warrant Liability Contingent Consideration Percent
EffectiveIncomeTaxRateReconciliationFairValueOfWarrantLiabilityContingentConsiderationPercent
-0.7966 pure
CY2021 crex Effective Income Tax Rate Reconciliation Fair Value Of Warrant Liability Contingent Consideration Percent
EffectiveIncomeTaxRateReconciliationFairValueOfWarrantLiabilityContingentConsiderationPercent
0.0000 pure
CY2022 crex Effective Income Tax Rate Reconciliation Discrete Items Transaction Items And Other Adjustments Percent
EffectiveIncomeTaxRateReconciliationDiscreteItemsTransactionItemsAndOtherAdjustmentsPercent
-0.0237 pure
CY2021 crex Effective Income Tax Rate Reconciliation Discrete Items Transaction Items And Other Adjustments Percent
EffectiveIncomeTaxRateReconciliationDiscreteItemsTransactionItemsAndOtherAdjustmentsPercent
0.2192 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.6960 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
1.1543 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0404 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0866 pure
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
472000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
267000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
165000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
593000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
106000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
253000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
91000 usd
CY2022Q4 crex Deferred Tax Assets Leasing Arrangement
DeferredTaxAssetsLeasingArrangement
253000 usd
CY2021Q4 crex Deferred Tax Assets Leasing Arrangement
DeferredTaxAssetsLeasingArrangement
91000 usd
CY2022Q4 crex Deferred Tax Assets Interest Deduction
DeferredTaxAssetsInterestDeduction
18000 usd
CY2021Q4 crex Deferred Tax Assets Interest Deduction
DeferredTaxAssetsInterestDeduction
18000 usd
CY2022Q4 crex Deferred Tax Assets Debt Issuance Costs
DeferredTaxAssetsDebtIssuanceCosts
286000 usd
CY2021Q4 crex Deferred Tax Assets Debt Issuance Costs
DeferredTaxAssetsDebtIssuanceCosts
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1469000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1074000 usd
CY2022Q4 crex Deferred Tax Assets Capitalized Research And Development
DeferredTaxAssetsCapitalizedResearchAndDevelopment
196000 usd
CY2021Q4 crex Deferred Tax Assets Capitalized Research And Development
DeferredTaxAssetsCapitalizedResearchAndDevelopment
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
42186000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
43419000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
42186000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
28000 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2022Q4 crex Operating Loss Carryforwards Indefinite Carryforward
OperatingLossCarryforwardsIndefiniteCarryforward
10651 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y8M12D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
125000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.100 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.100 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
755000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
459000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
455000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
112000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
86000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1867000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
283000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1584000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
711000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
873000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1584000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
597000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
383000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
142000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
19000 usd
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 pure

Files In Submission

Name View Source Status
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0001437749-23-008631-index.html Edgar Link pending
0001437749-23-008631.txt Edgar Link pending
0001437749-23-008631-xbrl.zip Edgar Link pending
crex-20221231.xsd Edgar Link pending
crex20221231_10k.htm Edgar Link pending
crexlogonew.jpg Edgar Link pending
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