2023 Q2 Form 10-Q Financial Statement

#000121390023042072 Filed on May 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $37.00K $22.00K $0.00
YoY Change
Cost Of Revenue $23.00K $31.00K
YoY Change
Gross Profit $14.00K -$9.000K
YoY Change
Gross Profit Margin 37.84% -40.91%
Selling, General & Admin $4.409M $3.576M $2.367M
YoY Change 46.87% 3.03% -47.86%
% of Gross Profit 31492.86%
Research & Development $490.0K $541.0K $584.0K
YoY Change -66.73% -50.64% -54.2%
% of Gross Profit 3500.0%
Depreciation & Amortization $192.0K $128.0M $143.0K
YoY Change 182.35% 119526.17% 64.37%
% of Gross Profit 1371.43%
Operating Expenses $4.899M $4.117M $2.951M
YoY Change 9.47% -9.85% -49.25%
Operating Profit -$4.885M -$4.126M
YoY Change 9.16% -9.66%
Interest Expense $2.508M $2.017M -$150.0K
YoY Change 125300.0% -67333.33% 4900.0%
% of Operating Profit
Other Income/Expense, Net -$9.634M $1.826M $949.0K
YoY Change 481600.0% -60966.67% -15916.67%
Pretax Income -$14.52M -$2.300M -$2.152M
YoY Change 224.3% -49.67% -60.04%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$14.52M -$2.300M -$2.184M
YoY Change 224.3% -49.67% -59.45%
Net Earnings / Revenue -39240.54% -10454.55%
Basic Earnings Per Share -$2.720K -$4.88
Diluted Earnings Per Share -$18.02 -$0.08 -$0.11
COMMON SHARES
Basic Shares Outstanding 50.71M shares 43.69M shares 20.24M shares
Diluted Shares Outstanding 811.0K shares 29.70M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.00K $2.138M $821.0K
YoY Change -96.34% -14.92% -86.61%
Cash & Equivalents $36.00K $2.138M $821.0K
Short-Term Investments
Other Short-Term Assets $36.00K $97.00K $63.00K
YoY Change -94.73% -87.47% -90.83%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $792.0K $2.861M $1.411M
YoY Change -52.49% -12.96% -79.3%
LONG-TERM ASSETS
Property, Plant & Equipment $2.366M $2.528M $1.409M
YoY Change 116.67% -17.63% 57.43%
Goodwill $652.0K $652.0K
YoY Change
Intangibles $1.688M $1.744M $1.598M
YoY Change -9.26%
Long-Term Investments
YoY Change
Other Assets $33.00K $213.0K $180.0K
YoY Change -91.81% -47.01% 0.56%
Total Long-Term Assets $11.36M $15.11M $5.179M
YoY Change 114.2% 191.3% 82.68%
TOTAL ASSETS
Total Short-Term Assets $792.0K $2.861M $1.411M
Total Long-Term Assets $11.36M $15.11M $5.179M
Total Assets $12.15M $17.97M $6.590M
YoY Change 74.33% 112.06% -31.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.822M $1.146M $865.0K
YoY Change 116.9% 247.27% 141.62%
Accrued Expenses $408.0K $230.0K $621.0K
YoY Change 251.72% -61.47% 108.39%
Deferred Revenue
YoY Change
Short-Term Debt $1.800M $4.710M $1.662M
YoY Change 22400.0% 58775.0% 20675.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.235M $9.016M $4.694M
YoY Change 201.46% 864.28% 606.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $355.0K $1.208M $1.366M
YoY Change -80.44% -33.41%
Total Long-Term Liabilities $355.0K $1.208M $1.366M
YoY Change -80.44% -33.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.235M $9.016M $4.694M
Total Long-Term Liabilities $355.0K $1.208M $1.366M
Total Liabilities $7.590M $10.22M $6.060M
YoY Change 80.07% 271.92% 812.65%
SHAREHOLDERS EQUITY
Retained Earnings -$104.8M -$90.31M -$88.01M
YoY Change 26.7% 19.43%
Common Stock $6.000K $4.000K $2.000K
YoY Change 500.0% 100.0%
Preferred Stock $700.0K $4.350M
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.557M $7.744M $530.0K
YoY Change
Total Liabilities & Shareholders Equity $12.15M $17.97M $6.590M
YoY Change 74.33% 112.06% -31.72%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$14.52M -$2.300M -$2.184M
YoY Change 224.3% -49.67% -59.45%
Depreciation, Depletion And Amortization $192.0K $128.0M $143.0K
YoY Change 182.35% 119526.17% 64.37%
Cash From Operating Activities -$3.658M -$4.728M -$3.091M
YoY Change 52.99% 33.11% -6.36%
INVESTING ACTIVITIES
Capital Expenditures $267.0K $435.0K $473.0K
YoY Change -205.12% -769.23% -275.19%
Acquisitions
YoY Change
Other Investing Activities $6.000K -$645.0K
YoY Change
Cash From Investing Activities -$271.0K -$1.080M -$473.0K
YoY Change 6.69% 1561.54% 75.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.824M $7.125M 4.043M
YoY Change 63.44%
NET CHANGE
Cash From Operating Activities -3.658M -$4.728M -3.091M
Cash From Investing Activities -271.0K -$1.080M -473.0K
Cash From Financing Activities 1.824M $7.125M 4.043M
Net Change In Cash -2.105M $1.317M 479.0K
YoY Change 37.67% -113.41%
FREE CASH FLOW
Cash From Operating Activities -$3.658M -$4.728M -$3.091M
Capital Expenditures $267.0K $435.0K $473.0K
Free Cash Flow -$3.925M -$5.163M -$3.564M
YoY Change 83.67% 48.06% 17.58%

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6000 usd
CY2023Q1 crkn Unpaid Equipment Included In Accounts Payable
UnpaidEquipmentIncludedInAccountsPayable
156000 usd
CY2022Q1 crkn Unpaid Equipment Included In Accounts Payable
UnpaidEquipmentIncludedInAccountsPayable
4000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
8000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
3000 usd
CY2022Q4 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
1.3
CY2023Q1 crkn Accumulated Deficit
AccumulatedDeficit
90300000 usd
CY2023Q1 crkn Working Capital
WorkingCapital
6150000 usd
CY2023Q1 crkn Net Loss
NetLoss
2300000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
4600000 usd
CY2023Q1 us-gaap Debt Instrument Sinking Fund Payment
DebtInstrumentSinkingFundPayment
10000000 usd
CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 usd
CY2023Q1 crkn Aggregate Gross Proceed Percentage
AggregateGrossProceedPercentage
0.03 pure
CY2022Q4 crkn Placement Shares Amount
PlacementSharesAmount
3500000 usd
CY2022Q4 crkn Aggregate Gross Proceed Percentage
AggregateGrossProceedPercentage
0.03 pure
CY2023Q1 crkn Net Proceeds On Sale Of Common Stock
NetProceedsOnSaleOfCommonStock
12700000 shares
CY2023Q1 us-gaap Payments For Commissions
PaymentsForCommissions
2100000 usd
CY2023Q1 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
0.173
CY2023Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-04-03
CY2023Q1 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
2000000 usd
CY2023Q1 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
5000 shares
CY2023Q1 crkn Warrant Purchase Shares
WarrantPurchaseShares
45000 shares
CY2023Q1 crkn Adjustment Warrant Share
AdjustmentWarrantShare
1000 shares
CY2023Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
2060000.00 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
6555095 shares
CY2023Q1 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>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. The most significant estimates in the Company’s condensed consolidated financial statements relate to the valuation of its business combination, senior secured convertible notes and warrants, and equity based awards. 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
CY2023Q1 us-gaap Revenue Recognition Allowances
RevenueRecognitionAllowances
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Revenue Recognition</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company adopted the new revenue standard, ASC 606, on March 31, 2019 using the full retrospective approach. The adoption did not have an effect on 2021 or 2020 revenue recognition or a cumulative effect on opening equity, as the timing and measurement of revenue recognition is materially the same as under ASC 605. The core principle of the new revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px; text-align: justify"> </td> <td style="width: 24px; text-align: justify"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Step 1: Identify the contract with the customer</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px; text-align: justify"> </td> <td style="width: 24px; text-align: justify"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Step 2: Identify the performance obligations in the contract</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px; text-align: justify"> </td> <td style="width: 24px; text-align: justify"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Step 3: Determine the transaction price</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px; text-align: justify"> </td> <td style="width: 24px; text-align: justify"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Step 4: Allocate the transaction price to the performance obligations in the contract</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px; text-align: justify"> </td> <td style="width: 24px; text-align: justify"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Step 5: Recognize revenue when the company satisfies a performance obligation</span></td></tr> </table><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">For contracts where the period between when the Company transfers a promised good or service to the customer and when the customer pays is one year or less, the Company has elected the practical expedient to not adjust the promised amount of consideration for the effects of a significant financing component.</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 performance obligation is to provide fiber splicing services as required based on short-term work orders as work is assigned by the Customer. The Company is required to complete the description of work described in the work order and test the service provided prior to any recognition of revenue and invoicing. The short-term work orders are for very specific performance obligations which are performed from start to finish within two weeks or less, and more often, within one week. The Company is required to adhere to the rules and regulations that are outlined in the Agreement between the Company and the Customer.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cost for the work performed is outlined in the individual work orders based on the detailed description of work to be performed. All of the revenue is recognized immediately upon completion of the work in each work order. A 5% retainage will be withheld by the Customer upon payment of invoices and will be paid to the Company within one year after termination of the contract. The retainage can be utilized by Customer for any claims that may arise after work is completed up through one year after completion.</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">Revenue recognized during the three months ended March 31, 2023 was generated by the Company’s wholly-owned subsidiary, Crown Fiber Optics Corporation, and was immaterial. No revenue was recognized by the Company during the three months ended March 31, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p>
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
115879562 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20322287 shares
CY2023Q1 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
650000 usd
CY2023Q1 us-gaap Defined Contribution Plan Number Of Employees
DefinedContributionPlanNumberOfEmployees
12 pure
CY2023Q1 crkn Asset Acquisition Term
AssetAcquisitionTerm
P1Y
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
656000 usd
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
200000 usd
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
5000 usd
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BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
529000 usd
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BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
338000 usd
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
7000 usd
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
652000 usd
CY2023Q1 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
645000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2528000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1409000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
500000 usd
CY2023Q1 us-gaap Public Utilities Property Plant And Equipment Vehicles
PublicUtilitiesPropertyPlantAndEquipmentVehicles
200000 usd
CY2023Q1 us-gaap Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
256000 usd
CY2022 us-gaap Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
300000 usd
CY2023Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
120000 usd
CY2023Q1 us-gaap Professional Fees
ProfessionalFees
99000 usd
CY2023Q1 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
66000 usd
CY2022 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
142000 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
97000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
63000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
723000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
590000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3118000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1871000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
590000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
462000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
128000000 usd
CY2022Q1 us-gaap Depreciation
Depreciation
54000000 usd
CY2023Q1 crkn Finite Lived Intangible Assets Patents Gross
FiniteLivedIntangibleAssetsPatentsGross
1800000 usd
CY2022Q4 crkn Finite Lived Intangible Assets Patents Gross
FiniteLivedIntangibleAssetsPatentsGross
1800000 usd
CY2023Q1 crkn Finite Lived Intangible Assets Research License Gross
FiniteLivedIntangibleAssetsResearchLicenseGross
375000 usd
CY2022Q4 crkn Finite Lived Intangible Assets Research License Gross
FiniteLivedIntangibleAssetsResearchLicenseGross
375000 usd
CY2023Q1 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
200000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2375000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2175000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-631000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-577000 usd
CY2023Q1 crkn Finite Lived Intangible Assets Accumulated Research License Net
FiniteLivedIntangibleAssetsAccumulatedResearchLicenseNet
1744000 usd
CY2022Q4 crkn Finite Lived Intangible Assets Accumulated Research License Net
FiniteLivedIntangibleAssetsAccumulatedResearchLicenseNet
1598000 usd
CY2023Q1 us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
200000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
177000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
235000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
234000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
197000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
901000 usd
CY2023Q1 crkn Finite Lived Intangible Asset Net
FiniteLivedIntangibleAssetNet
1744000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
54000000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
53000000 usd
CY2023Q1 crkn Standing Letterof Credit
StandingLetterofCredit
223000 usd
CY2022 crkn Standing Letterof Credit
StandingLetterofCredit
223000 usd
CY2023Q1 us-gaap Line Of Credit
LineOfCredit
9943000 usd
CY2023Q1 crkn Deferreddebtissuancecoststotal
deferreddebtissuancecoststotal
10166000 usd
CY2022 crkn Deferreddebtissuancecoststotal
deferreddebtissuancecoststotal
223000 usd
CY2023Q1 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
1905000 usd
CY2022Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
73000 usd
CY2023Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
8261000 usd
CY2022Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
150000 usd
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9900000 usd
CY2023Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1600000 usd
CY2023Q1 crkn Convertible Promissory Notes
ConvertiblePromissoryNotes
2000000 usd
CY2023Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
3191000 usd
CY2023Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
2332000 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1654000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
972000 usd
CY2023Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
5500000 usd
CY2023Q1 crkn Shares Of Common Stock
SharesOfCommonStock
1887919 shares
CY2023Q1 crkn Fair Value Converted Notes
FairValueConvertedNotes
500000 usd
CY2023Q1 crkn Change In Fair Value
ChangeInFairValue
400000 usd
CY2023Q1 crkn Agreement Issued
AgreementIssued
2000000 usd
CY2023Q1 us-gaap Shares Issued
SharesIssued
2500000 shares
CY2023Q1 crkn Fair Value Amount
FairValueAmount
1100000 usd
CY2023Q1 crkn Warrants Exercised
WarrantsExercised
6405844 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.50 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.487 pure
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0398 pure
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0474 pure
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y9M18D
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155000 usd
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AccruedBonusesCurrentAndNoncurrent
510000 usd
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AccruedPayrollTaxesCurrentAndNoncurrent
25000 usd
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WorkersCompensationLiabilityCurrentAndNoncurrent
15000 usd
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104000 usd
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35000 usd
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OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
7000 usd
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AccruedLiabilitiesCurrentAndNoncurrent
230000 usd
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AccruedLiabilitiesCurrentAndNoncurrent
621000 usd
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5400000 usd
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21749402 shares
CY2022Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
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0.54 pure
CY2022Q4 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
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0.35 pure
CY2022Q4 us-gaap Debt Instrument Convertible Conversion Price1
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0.49
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P5Y
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0.05 pure
CY2023Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
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0.05 pure
CY2023Q1 us-gaap Shares Issued
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1903429 shares
CY2023Q1 crkn Converted Minimum Price Per Share
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150000 usd
CY2023Q1 crkn Common Stock Of Insurance Shares
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1887919 shares
CY2023Q1 us-gaap Notes Issued1
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CY2023Q1 crkn Issuance Date
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P60D
CY2023Q1 us-gaap Notes Issued1
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2000000 usd
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CY2023Q1 us-gaap Notes Receivable Fair Value Disclosure
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3200000 usd
CY2023Q1 us-gaap Senior Notes
SeniorNotes
1200000 usd
CY2023Q1 crkn Purchase Of Warrants
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2500000 shares
CY2023Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
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1000000 usd
CY2023Q1 crkn Warrant Exercise Price
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CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q1 crkn Common Stock Shares Outstanding Percentage
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0.1999 pure
CY2023Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
2900000 usd
CY2023Q1 us-gaap Additional Paid In Capital Preferred Stock
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4350000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Splits
StockIssuedDuringPeriodSharesStockSplits
1800000 shares
CY2023Q1 crkn Common Stock With Fair Value
CommonStockWithFairValue
600000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
500000 shares
CY2023Q1 crkn Underwriters Purchase
UnderwritersPurchase
62500 shares
CY2023Q1 us-gaap Warrant Exercise Price Increase
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CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
4200000 shares
CY2023Q1 crkn Total Number Of Outstanding Shares Percentage
TotalNumberOfOutstandingSharesPercentage
0.199 pure
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
19000 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
248000 usd
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
209000 usd
CY2023Q1 crkn Other Research And Development Expenses
OtherResearchAndDevelopmentExpenses
59000 usd
CY2022 crkn Other Research And Development Expenses
OtherResearchAndDevelopmentExpenses
55000 usd
CY2023Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
122000 usd
CY2022 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
1028000 usd
CY2023Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
181000 usd
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1083000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9513624 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.64
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
26188000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
90138 shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.29
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9423486 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.63
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y3M18D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
8521662 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.8
CY2023Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P6Y
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
628780 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.37
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
130867 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
1.55
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
497913 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.32
CY2022 crkn Warrants Issued Purchase Share
WarrantsIssuedPurchaseShare
21759402 shares
CY2022 crkn Warrant Exercise Price
WarrantExercisePrice
0.32
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
6405844 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
6405844
CY2023Q1 us-gaap Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
0.32
CY2023Q1 crkn Warrants To Purchase Shares
warrantsToPurchaseShares
5813414 shares
CY2023Q1 us-gaap Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
0.32
CY2022Q3 us-gaap Retail Land Sales Installment Method Sales Value
RetailLandSalesInstallmentMethodSalesValue
85450000 usd
CY2022Q3 us-gaap Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
as additional consideration for the PO’s, the Company issued a warrant to Hudson to purchase 300,000 shares of the Company’s common stock at $0.75 per share. The warrant has a five-year life and expires on August 12, 2027.
CY2023Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
161700000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
161700000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
85450000 usd
CY2023Q1 us-gaap Equity Fair Value Adjustment
EquityFairValueAdjustment
223000000 usd
CY2016Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
400000 usd
CY2016Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1200000 usd
CY2017Q4 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1800000 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4500000 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7550000 usd
CY2022Q1 crkn Eighth Amendmen Description
EighthAmendmenDescription
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.
CY2022Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
44252000 usd
CY2023Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
41323000 usd
CY2021Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2021Q2 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
7388000 usd
CY2021Q2 us-gaap Operating Leases Of Lessor Contingent Rentals Basis Spread On Variable Rate
OperatingLeasesOfLessorContingentRentalsBasisSpreadOnVariableRate
0.03 pure
CY2021Q2 us-gaap Deposit Assets
DepositAssets
8315000 usd
CY2021Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1800000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
190000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
190000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
58000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
192000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
153000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2336000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.12 pure
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.12 pure
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
584000 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
678000 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
475000 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
390000 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
58000 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2185000 usd
CY2023Q1 crkn Operating Leases Future Minimum Payments Present Value Discount
OperatingLeasesFutureMinimumPaymentsPresentValueDiscount
379000 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1806000 usd
CY2023Q1 us-gaap Payments For Rent
PaymentsForRent
200000 usd
CY2022Q1 us-gaap Payments For Rent
PaymentsForRent
200000 usd
CY2022Q1 us-gaap Revenues
Revenues
usd
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2022Q1 us-gaap Gross Profit
GrossProfit
usd
CY2022Q1 crkn Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
usd
CY2022Q1 crkn Change In Fair Value Of Notes1
ChangeInFairValueOfNotes1
usd
CY2023Q1 us-gaap Other Income
OtherIncome
usd
CY2022Q1 us-gaap Other Income
OtherIncome
usd
CY2022Q1 us-gaap Other Expenses
OtherExpenses
usd
CY2022Q1 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
usd
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15856316 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29695083 shares
CY2023Q1 crkn Deemed Dividend For Repricing Of Series D Preferred Stock
DeemedDividendForRepricingOfSeriesDPreferredStock
usd
CY2022Q1 crkn Delivery Of Restricted Common Stock Value
DeliveryOfRestrictedCommonStockValue
usd
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2022Q1 crkn Chang In Fair Value Of Derivative Liability
ChangInFairValueOfDerivativeLiability
usd
CY2022Q1 crkn Change In Fair Value Of Notes
ChangeInFairValueOfNotes
usd
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
usd
CY2022Q1 us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
usd
CY2022Q1 us-gaap Other Expenses
OtherExpenses
usd
CY2023Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2022Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
usd
CY2023Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
CY2022Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
usd
CY2022Q1 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
usd
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
usd
CY2022Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
usd
CY2022Q1 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
usd
CY2022Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
CY2022Q1 crkn Issuance Of Series E Preferred Stock In Connection With Loc
IssuanceOfSeriesEPreferredStockInConnectionWithLOC
usd
CY2022Q1 crkn Issuance Of Common Stock In Connection With Conversion Of Notes
IssuanceOfCommonStockInConnectionWithConversionOfNotes
usd
CY2023Q1 crkn Issuance Of Common Stock Warrants In Connection With Consideration Payable
IssuanceOfCommonStockWarrantsInConnectionWithConsiderationPayable
usd
CY2022Q1 crkn Commitment To Issue Shares Of Common Stock In Connection With March Waiver Agreement
CommitmentToIssueSharesOfCommonStockInConnectionWithMarchWaiverAgreement
usd
CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
usd
CY2022 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
usd
CY2022 us-gaap Professional Fees
ProfessionalFees
usd
CY2022Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
usd
CY2022Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
usd
CY2023Q1 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001761696

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