2022 Q3 Form 10-Q Financial Statement
#000121390022048134 Filed on August 15, 2022
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% |
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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 |