2022 Q3 Form 10-Q Financial Statement

#000121390022048134 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.160M $3.002M $3.471M
YoY Change -55.6% -39.49% -20.34%
% of Gross Profit
Research & Development $955.0K $1.473M $1.096M
YoY Change 21.35% 238.62% 21.08%
% of Gross Profit
Depreciation & Amortization $69.00K $68.00K $107.0K
YoY Change -4.17% 257.89% 149.77%
% of Gross Profit
Operating Expenses $3.115M $4.475M $4.567M
YoY Change -44.89% -17.07% -13.22%
Operating Profit -$3.115M -$4.475M -$4.567M
YoY Change -44.89% -17.07% -13.22%
Interest Expense $1.000K $2.000K -$3.000K
YoY Change -150.0% 0.0% -99.49%
% of Operating Profit
Other Income/Expense, Net -$1.000K -$2.000K -$3.000K
YoY Change -97.96% 0.0% -99.71%
Pretax Income -$3.116M -$4.477M -$4.570M
YoY Change -45.36% -17.06% -77.89%
Income Tax
% Of Pretax Income
Net Earnings -$3.116M -$4.477M -$4.570M
YoY Change -45.36% -17.06% -77.89%
Net Earnings / Revenue
Basic Earnings Per Share -$0.18 -$0.27
Diluted Earnings Per Share -$0.18 -$0.27 -$288.2K
COMMON SHARES
Basic Shares Outstanding 15.87M shares 273.8K shares 15.86M shares
Diluted Shares Outstanding 17.64M shares 16.42M shares 15.86M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $342.0K $984.0K $2.513M
YoY Change -96.47% -92.11% -83.57%
Cash & Equivalents $342.0K $984.0K $2.513M
Short-Term Investments
Other Short-Term Assets $380.0K $683.0K $774.0K
YoY Change -46.1% 167.84% 123.93%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $722.0K $1.667M $3.287M
YoY Change -93.06% -86.91% -78.99%
LONG-TERM ASSETS
Property, Plant & Equipment $1.416M $1.092M $3.069M
YoY Change 192.56% 297.09% 1367.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $403.0K $403.0K $402.0K
YoY Change 1339.29% 1289.66% 1873.49%
Total Long-Term Assets $5.444M $5.301M $5.186M
YoY Change 137.21% 177.98% 175.99%
TOTAL ASSETS
Total Short-Term Assets $722.0K $1.667M $3.287M
Total Long-Term Assets $5.444M $5.301M $5.186M
Total Assets $6.166M $6.968M $8.473M
YoY Change -51.45% -52.4% -51.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.211M $840.0K $330.0K
YoY Change 184.27% 161.68% 15.73%
Accrued Expenses $133.0K $116.0K $597.0K
YoY Change -72.29% 11.54% 183.07%
Deferred Revenue
YoY Change
Short-Term Debt $8.000K $8.000K $8.000K
YoY Change -98.18% -98.18% -98.18%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.605M $2.400M $935.0K
YoY Change 19.33% 177.78% 0.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.815M $1.815M $1.814M
YoY Change
Total Long-Term Liabilities $1.815M $1.815M $1.814M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.605M $2.400M $935.0K
Total Long-Term Liabilities $1.815M $1.815M $1.814M
Total Liabilities $3.420M $4.215M $2.749M
YoY Change 154.28% 387.85% 194.15%
SHAREHOLDERS EQUITY
Retained Earnings -$85.85M -$82.74M
YoY Change
Common Stock $2.000K $1.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.746M $2.753M $5.724M
YoY Change
Total Liabilities & Shareholders Equity $6.166M $6.968M $8.473M
YoY Change -51.45% -52.4% -51.64%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$3.116M -$4.477M -$4.570M
YoY Change -45.36% -17.06% -77.89%
Depreciation, Depletion And Amortization $69.00K $68.00K $107.0K
YoY Change -4.17% 257.89% 149.77%
Cash From Operating Activities -$2.106M -$2.391M -$3.552M
YoY Change -15.69% -12.67% 19.42%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$254.0K -$65.00K
YoY Change -95.66% 198.82% -95.73%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$20.00K -$254.0K -$65.00K
YoY Change -95.66% 198.82% -95.73%
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 1.484M 1.116M
YoY Change 715.38% 27800.0%
NET CHANGE
Cash From Operating Activities -2.106M -2.391M -3.552M
Cash From Investing Activities -20.00K -254.0K -65.00K
Cash From Financing Activities 1.484M 1.116M
Net Change In Cash -642.0K -1.529M $0.00
YoY Change -76.88% -45.76% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$2.106M -$2.391M -$3.552M
Capital Expenditures -$20.00K -$254.0K -$65.00K
Free Cash Flow -$2.086M -$2.137M -$3.487M
YoY Change 2.41% -19.45% 140.4%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Address Address Line1
EntityAddressAddressLine1
1110 NE Circle Blvd.
CY2021Q4 us-gaap Assets
Assets
9652000 usd
dei Entity Address City Or Town
EntityAddressCityOrTown
Corvallis
dei Entity Address State Or Province
EntityAddressStateOrProvince
OR
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
97330
dei City Area Code
CityAreaCode
(800)
dei Local Phone Number
LocalPhoneNumber
674-3612
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
840000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
358000 usd
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
116000 usd
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
15874624 shares
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
298000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
378000 usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-39924
dei Entity Registrant Name
EntityRegistrantName
Crown Electrokinetics Corp.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-5423944
CY2022Q2 us-gaap Assets
Assets
6968000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-82737000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-73690000 usd
dei Security12b Title
Security12bTitle
Common Stock, $0.0001 par value
dei Trading Symbol
TradingSymbol
CRKN
dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
984000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6130000 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
683000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
687000 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
1667000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
6817000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1092000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
895000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1709000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1761000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2097000 usd
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
403000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
179000 usd
CY2022Q2 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
1058000 usd
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
8000 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
8000 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2400000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
664000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1815000 usd
CY2022Q2 us-gaap Liabilities
Liabilities
4215000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
664000 usd
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14614627 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14530126 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
1000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
1000 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
85489000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
82677000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5396000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
2753000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-9042000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-10658000 usd
us-gaap Other Income
OtherIncome
-6000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
2000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
2000 usd
CY2022Q2 crkn Stock Issue Duringperiod Value Issuance Of Common Stock Atthemarket Offering Net Of Offering Costs
StockIssueDuringperiodValueIssuanceOfCommonStockAtthemarketOfferingNetOfOfferingCosts
58000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
8988000 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6968000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9652000 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1473000 usd
CY2021Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
435000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2568000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1340000 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3002000 usd
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4961000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6474000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9318000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
4475000 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
5396000 usd
us-gaap Operating Expenses
OperatingExpenses
9042000 usd
us-gaap Operating Expenses
OperatingExpenses
10658000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4475000 usd
us-gaap Interest Expense
InterestExpense
5000 usd
us-gaap Interest Expense
InterestExpense
533000 usd
crkn Loss On Exchange Of Notes Payable For Common Stock And Warrants
LossOnExchangeOfNotesPayableForCommonStockAndWarrants
6000 usd
crkn Gain On Forgiveness Of Ppp Loans
GainOnForgivenessOfPPPLoans
13805000 usd
crkn Change In Fair Value Of Warrants Liability
ChangeInFairValueOfWarrantsLiability
-1024000 usd
crkn Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
-51000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2000 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-15413000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-4477000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-5398000 usd
us-gaap Net Income Loss
NetIncomeLoss
-9047000 usd
us-gaap Net Income Loss
NetIncomeLoss
-26071000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.97
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16419699 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14315142 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16139564 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13241786 shares
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
5724000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
1000 usd
CY2022Q2 crkn Stockbased Compensation
StockbasedCompensation
1448000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-4477000 usd
crkn Issuance Of Common Stock To Consultants
IssuanceOfCommonStockToConsultants
247000 usd
crkn Stockbased Compensation
StockbasedCompensation
5802000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
2753000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
16587000 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
244000 usd
CY2021Q2 crkn Stock Issued During The Period Stock Option Exercise
StockIssuedDuringThePeriodStockOptionExercise
4000 usd
CY2021Q2 crkn Stockbased Compensation
StockbasedCompensation
2339000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-5398000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
13776000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
8988000 usd
crkn Issuance Of Common Stock Warrants In Connection With Sloc
IssuanceOfCommonStockWarrantsInConnectionWithSLOC
223000 usd
crkn Stock Issue Duringperiod Value Issuance Of Common Stock Atthemarket Offering Net Of Offering Costs
StockIssueDuringperiodValueIssuanceOfCommonStockAtthemarketOfferingNetOfOfferingCosts
58000 usd
crkn Stockbased Compensation
StockbasedCompensation
2531000 usd
us-gaap Net Income Loss
NetIncomeLoss
-9047000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
2753000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-6771000 usd
crkn Issuance Of Common Stock And Warrants Net Of Fees
IssuanceOfCommonStockAndWarrantsNetOfFees
19326000 usd
crkn Issuance Of Common Stock And Preferred Stock In Connection With Conversion Of Notes
IssuanceOfCommonStockAndPreferredStockInConnectionWithConversionOfNotes
19222000 usd
crkn Repurchased Beneficial Conversion Feature In Connection With Conversion Of Notes Payable
RepurchasedBeneficialConversionFeatureInConnectionWithConversionOfNotesPayable
-6647000 usd
crkn Issuance Of Common Stock Warrants In Connection With Note Exchange Agreements
IssuanceOfCommonStockWarrantsInConnectionWithNoteExchangeAgreements
4918000 usd
crkn Exercise Of Common Stock Warrants
ExerciseOfCommonStockWarrants
180000 usd
crkn Stock Issued During The Period Stock Option Exercise
StockIssuedDuringThePeriodStockOptionExercise
4000 usd
crkn Stock Issued During Period Value Of Reclassification Of Warrant Liabilities
StockIssuedDuringPeriodValueOfReclassificationOfWarrantLiabilities
3566000 usd
us-gaap Net Income Loss
NetIncomeLoss
-26071000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
13776000 usd
us-gaap Net Income Loss
NetIncomeLoss
-9047000 usd
us-gaap Net Income Loss
NetIncomeLoss
-26071000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2531000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5802000 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
247000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
234000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
112000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-13805000 usd
crkn Loss On Exchange Of Notes Payables For Common Stock And Warrants
LossOnExchangeOfNotesPayablesForCommonStockAndWarrants
6000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
458000 usd
crkn Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
-1024000 usd
crkn Chang In Fair Value Of Derivative Liability
ChangInFairValueOfDerivativeLiability
-51000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-52000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
239000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
30000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
370000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-862000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-182000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-253000 usd
crkn Increase Decrease In Accrued Interest
IncreaseDecreaseInAccruedInterest
72000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-143000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
12442000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6130000 usd
CY2022Q1 crkn Irrevocable Standby Letter Of Credit
IrrevocableStandbyLetterOfCredit
10000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5943000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5639000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
258000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
162000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
61000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1475000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-319000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1637000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
19326000 usd
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
60000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2000 usd
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
1058000 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
180000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
233000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
25000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1116000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
19718000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-5146000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
984000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12478000 usd
crkn Issuance Of Common Stock Warrants In Connection With Sloc
IssuanceOfCommonStockWarrantsInConnectionWithSLOC
223000 usd
crkn Issuance Of Common Stock And Preferred Stock In Connection With Conversion Of Note
IssuanceOfCommonStockAndPreferredStockInConnectionWithConversionOfNote
19222000 usd
crkn Repurchase Beneficial Conversion Feature In Connection With Conversion Of Notes Payable
RepurchaseBeneficialConversionFeatureInConnectionWithConversionOfNotesPayable
6647000 usd
crkn Reclassifications Of Warrant Liabilities
ReclassificationsOfWarrantLiabilities
3566000 usd
crkn Issuance Of Common Stock Warrants In Connection With Note Exchange Agreement
IssuanceOfCommonStockWarrantsInConnectionWithNoteExchangeAgreement
4918000 usd
crkn Unpaid Equipment Included In Accounts Payable
UnpaidEquipmentIncludedInAccountsPayable
112000 usd
us-gaap Interest Paid Net
InterestPaidNet
3000 usd
us-gaap Interest Paid Net
InterestPaidNet
4000 usd
crkn Accumulated Deficit
AccumulatedDeficit
82700000 usd
CY2022Q2 crkn Working Capital
WorkingCapital
700000 usd
crkn Net Loss
NetLoss
9000000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
5900000 usd
CY2022Q1 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.12 pure
CY2022Q1 us-gaap Debt Instrument Term
DebtInstrumentTerm
P2Y
CY2022Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
50000 shares
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
1000000 usd
CY2022Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
5000000 usd
CY2022Q1 crkn Aggregate Gross Proceed Percentage
AggregateGrossProceedPercentage
0.03 pure
CY2022Q2 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
51169 shares
crkn Agreement Of Sales
AgreementOfSales
57574 usd
us-gaap Payments For Commissions
PaymentsForCommissions
2124 usd
crkn Share Based Compensation Arrangement By Share Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
1.17
crkn Basis Of Presentationa And Principles Of Consolidation
BasisOfPresentationaAndPrinciplesOfConsolidation
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Basis of Presentation</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s condensed financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and include all adjustments necessary for the fair presentation of the Company’s financial position for the periods presented. The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of the results for the full year or the results for any future periods. These condensed financial statements should be read in conjunction with the audited financial statements and related notes for the fiscal year ended December 31, 2021 included in the Company’s Form 10-KT filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of condensed 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 condensed financial statements and the reported amounts of expenses during the reporting period. These estimates and assumptions are based on current facts, historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the recording of expenses that are not readily apparent from other sources. Actual results may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and actual results, the Company’s future results of operations will be affected.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p>
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17080898 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18962914 shares
CY2022Q2 us-gaap Depreciation
Depreciation
68000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
19000 usd
us-gaap Depreciation
Depreciation
121000 usd
us-gaap Depreciation
Depreciation
35000 usd
crkn Consideration Paid Amount
ConsiderationPaidAmount
264000 usd
us-gaap Legal Fees
LegalFees
38000 usd
CY2016Q1 crkn Intellectual Property Description
IntellectualPropertyDescription
the Company, entered into an IP agreement with HP to acquire a research license to determine the feasibility of incorporating HP’s electro-kinetic display technology in the Company’s products. Under the terms of the agreement, the license is to be used for research purposes only, has a purchase price of $200,000 for the technology and a two-year closing date. On April 12, 2016 the Company and HP entered into the first amendment to the agreement, which reduced the purchase price of the technology to $175,000. The sales agreement entered into with HP concurrently with the first amendment to the agreement allocated $25,000 of the $200,000 purchase price to acquire equipment to be used in the research. On May 1, 2017, the Company and HP entered into the second amendment to the agreement which increased the purchase price for the technology to $375,000 and extended the closing date to January 31, 2020. On March 10, 2019, the Company and HP entered into the third amendment to the agreement, which extended the closing date to January 31, 2021, enumerated certain intellectual property owned by HP that is not subject to the exclusive license granted to the Company and revised the schedule of fees payable by the Company to HP. Under the terms of the fourth amendment with HP (see details below), $75,000 will be included in the purchase price for the option to purchase assignable patents, which was paid on February 9, 2021.
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
375000 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2021Q1 crkn Intellectual Property Agreement Description
IntellectualPropertyAgreementDescription
On February 4, 2021, the Company entered into the fourth amendment to the IP agreement with HP. Under the terms of the amendment, the parties agreed to amend the list of patent and patent applications, which includes two additional patents that are assignable to the Company by HP. The Company exercised the option to purchase the assignable patents and paid HP $1.55 million dollars on February 9, 2021. Upon assignment of the patents, the Company will pay HP a royalty fee based on the cumulative gross revenue received by the Company from the patents as follows:  1. Prior to December 31, 2029:     ● Less than $70,000,000, royalty rate of 0.00%     ● $70,000,000 - $500,000,000, royalty rate of 1.25%     ● $500,000,000 and beyond, royalty rate of 1.00%   2. After January 1, 2030 and onward, royalty rate of 0.00%  Under the terms of the amendment, HP waived any interest that would have been accrued on the open payable of $75,000 which was due from the Company related to the license agreement dated January 31, 2016. 
CY2022Q2 crkn Finite Lived Intangible Assets Patents Gross
FiniteLivedIntangibleAssetsPatentsGross
1800000 usd
CY2021Q4 crkn Finite Lived Intangible Assets Patents Gross
FiniteLivedIntangibleAssetsPatentsGross
1739000 usd
CY2022Q2 crkn Finite Lived Intangible Assets Research License Gross
FiniteLivedIntangibleAssetsResearchLicenseGross
375000 usd
CY2021Q4 crkn Finite Lived Intangible Assets Research License Gross
FiniteLivedIntangibleAssetsResearchLicenseGross
375000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2175000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2114000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
466000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
353000 usd
CY2022Q2 crkn Finite Lived Intangible Assets Accumulated Research License Net
FiniteLivedIntangibleAssetsAccumulatedResearchLicenseNet
1709000 usd
CY2021Q4 crkn Finite Lived Intangible Assets Accumulated Research License Net
FiniteLivedIntangibleAssetsAccumulatedResearchLicenseNet
1761000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
60000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
47000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
113000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
77000 usd
CY2022Q2 crkn General Liability Insurance
GeneralLiabilityInsurance
15000 usd
CY2021Q4 crkn General Liability Insurance
GeneralLiabilityInsurance
234000 usd
CY2022Q2 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
101000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
7000 usd
CY2021Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
57000 usd
CY2022Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
116000 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
298000 usd
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Shares Issued
SharesIssued
5333333 shares
CY2020Q4 us-gaap Long Term Debt Term
LongTermDebtTerm
P10Y
CY2020Q4 us-gaap Plan Of Reorganization Description Of Equity Securities Issued Or To Be Issued
PlanOfReorganizationDescriptionOfEquitySecuritiesIssuedOrToBeIssued
The available shares in the 2020 Plan will automatically increase on the first trading day in January of each calendar year during the term of this Plan, commencing with January 2021, by an amount equal to the lesser of (i) five percent (5%) of the total number of shares of common stock issued and outstanding on December 31 of the immediately preceding calendar year, (ii) 1,000,000 shares of common stock or (iii) such number of shares of common stock as may be established by the Company’s Board of Directors.
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.917 pure
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.50 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.917 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.50 pure
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0325 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0325 pure
CY2017Q4 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1800 usd
us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
The lease expired on June 30, 2018 and the Company extended the lease through June 30, 2019.
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4500 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7550 usd
CY2020Q3 us-gaap Other Operating Income
OtherOperatingIncome
23097 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
652776 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
3.5
crkn Vested Stock Option
VestedStockOption
1476670 shares
us-gaap Share Based Compensation
ShareBasedCompensation
600000 usd
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
33332 shares
crkn Restricted Stock Award Forfeituress
RestrictedStockAwardForfeituress
33332 shares
us-gaap Equity Fair Value Adjustment
EquityFairValueAdjustment
200000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
4525177 shares
CY2021Q4 crkn Weighted Average Exercise Price Beginning Outstanding
WeightedAverageExercisePriceBeginningOutstanding
2.65
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
7088000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
200000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
4725177 shares
CY2022Q2 crkn Weighted Average Exercise Price Ending Outstanding
WeightedAverageExercisePriceEndingOutstanding
2.62
crkn Weighted Average Remaining Contractual Tenn Years Ending Outstanding
WeightedAverageRemainingContractualTennYearsEndingOutstanding
P3Y6M
CY2022Q2 crkn Aggregate Intrinsic Value Ending Outstanding
AggregateIntrinsicValueEndingOutstanding
611000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1175913 shares
crkn Weighted Average Exercise Price Exercisable
WeightedAverageExercisePriceExercisable
0.33
crkn Weighted Average Remaining Contractual Tenn Years Exercisable
WeightedAverageRemainingContractualTennYearsExercisable
P3Y7M6D
crkn Aggregate Intrinsic Value Exercisable
AggregateIntrinsicValueExercisable
611000 usd
CY2016Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
400 usd
CY2016Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1200 usd
CY2020Q3 us-gaap Investment Company Shareholder Service Fee Expense
InvestmentCompanyShareholderServiceFeeExpense
11979 usd
CY2020Q3 us-gaap Payments For Fees
PaymentsForFees
11118 usd
CY2021Q3 us-gaap Other Operating Income
OtherOperatingIncome
23805 usd
CY2021Q3 us-gaap Investment Company Shareholder Service Fee Expense
InvestmentCompanyShareholderServiceFeeExpense
12337 usd
CY2021Q3 us-gaap Payments For Fees
PaymentsForFees
11468 usd
crkn Lease Agreement Description
LeaseAgreementDescription
the Company entered into the seventh amendment to its lease with Oregon State University which expands the lease to now include approximately 703 square feet of lab space, 576 square feet of cubicle space, 1096 square feet of Highbay lab space, and 376 square feet of High bay storage space in a building commonly known as Building 11. Effective September 1, 2021, the quarterly operating expense will be $31,647 covering all utility and facility tooling costs. The sublease is extended until June 30, 2025.
CY2022Q1 crkn Lease Agreement Description
LeaseAgreementDescription
the Company entered into the eighth amendment to its lease with Oregon State University which expands the lease to now include approximately 703 square feet of lab space, 768 square feet of cubicle space, 2,088 square feet of Highbay lab space, and 376 square feet of High bay storage space in a building commonly known as Building 11. Effective January 24, 2022, the quarterly operating expense will be $44,252 covering all utility and facility tooling costs.
CY2022Q1 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2025-06-30
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2200000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2100000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
190000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
380000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
11000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
16000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
201000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
396000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
189000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
341000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2336000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.12 pure
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.12 pure
CY2022Q2 crkn Operating Leases Future Minimum Payments Nine Months
OperatingLeasesFutureMinimumPaymentsNineMonths
379000 usd
CY2022Q2 crkn Operating Leases Future Minimum Payment Due Current
OperatingLeasesFutureMinimumPaymentDueCurrent
776000 usd
CY2022Q2 crkn Operating Leases Future Minimum Payment Due In Four Years
OperatingLeasesFutureMinimumPaymentDueInFourYears
678000 usd
CY2022Q2 crkn Operating Leases Future Minimum Payment Due In Five Years
OperatingLeasesFutureMinimumPaymentDueInFiveYears
475000 usd
CY2022Q2 crkn Operating Leases Future Minimum Payment Due In Six Years
OperatingLeasesFutureMinimumPaymentDueInSixYears
390000 usd
CY2022Q2 crkn Operating Leases Future Minimum Payments Due Six Months Thereafter
OperatingLeasesFutureMinimumPaymentsDueSixMonthsThereafter
57000 usd
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2755000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
562000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2193000 usd
CY2022Q2 us-gaap Payments For Rent
PaymentsForRent
200000 usd
CY2021Q2 us-gaap Payments For Rent
PaymentsForRent
100000 usd
us-gaap Payments For Rent
PaymentsForRent
400000 usd
us-gaap Payments For Rent
PaymentsForRent
100000 usd
CY2021Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
CY2021Q4 crkn Series A Preferred Stock
SeriesAPreferredStock
usd
CY2021Q4 crkn Series B Preferred Stock Value
SeriesBPreferredStockValue
usd
CY2021Q4 crkn Series C Preferred Stock Value
SeriesCPreferredStockValue
usd
us-gaap Other Income
OtherIncome
usd
crkn Loss On Exchange Of Notes Payable For Common Stock And Warrants
LossOnExchangeOfNotesPayableForCommonStockAndWarrants
usd
crkn Gain On Forgiveness Of Ppp Loans
GainOnForgivenessOfPPPLoans
usd
crkn Change In Fair Value Of Warrants Liability
ChangeInFairValueOfWarrantsLiability
usd
crkn Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.97
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16419699 shares
crkn Delivery Of Restricted Common Stock
DeliveryOfRestrictedCommonStock
usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
usd
crkn Canceled Restricted Stocks Awards
CanceledRestrictedStocksAwards
usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
crkn Loss On Exchange Of Notes Payables For Common Stock And Warrants
LossOnExchangeOfNotesPayablesForCommonStockAndWarrants
usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
usd
crkn Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
usd
crkn Chang In Fair Value Of Derivative Liability
ChangInFairValueOfDerivativeLiability
usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
usd
crkn Increase Decrease In Accrued Interest
IncreaseDecreaseInAccruedInterest
usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
usd
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
usd
crkn Issuance Of Common Stock And Preferred Stock In Connection With Conversion Of Note
IssuanceOfCommonStockAndPreferredStockInConnectionWithConversionOfNote
usd
crkn Repurchase Beneficial Conversion Feature In Connection With Conversion Of Notes Payable
RepurchaseBeneficialConversionFeatureInConnectionWithConversionOfNotesPayable
usd
crkn Reclassifications Of Warrant Liabilities
ReclassificationsOfWarrantLiabilities
usd
crkn Issuance Of Common Stock Warrants In Connection With Note Exchange Agreement
IssuanceOfCommonStockWarrantsInConnectionWithNoteExchangeAgreement
usd
crkn Unpaid Equipment Included In Accounts Payable
UnpaidEquipmentIncludedInAccountsPayable
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2022Q2 us-gaap Accrued Rent Current
AccruedRentCurrent
usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001761696

Files In Submission

Name View Source Status
0001213900-22-048134-index-headers.html Edgar Link pending
0001213900-22-048134-index.html Edgar Link pending
0001213900-22-048134.txt Edgar Link pending
0001213900-22-048134-xbrl.zip Edgar Link pending
crkn-20220630.xsd Edgar Link pending
f10q0622ex31-1_crownelectro.htm Edgar Link pending
f10q0622ex31-2_crownelectro.htm Edgar Link pending
f10q0622ex32-1_crownelectro.htm Edgar Link pending
f10q0622ex32-2_crownelectro.htm Edgar Link pending
f10q0622_crownelectro.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
crkn-20220630_cal.xml Edgar Link unprocessable
crkn-20220630_pre.xml Edgar Link unprocessable
crkn-20220630_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
crkn-20220630_def.xml Edgar Link unprocessable
f10q0622_crownelectro_htm.xml Edgar Link completed
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending