2023 Q3 Form 10-Q Financial Statement

#000121390023070684 Filed on August 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $37.00K $0.00
YoY Change
Cost Of Revenue $23.00K
YoY Change
Gross Profit $14.00K
YoY Change
Gross Profit Margin 37.84%
Selling, General & Admin $2.941M $4.409M $3.002M
YoY Change 36.16% 46.87% -39.49%
% of Gross Profit 31492.86%
Research & Development $492.0K $490.0K $1.473M
YoY Change -48.48% -66.73% 238.62%
% of Gross Profit 3500.0%
Depreciation & Amortization $100.0K $192.0K $68.00K
YoY Change 44.93% 182.35% 257.89%
% of Gross Profit 1371.43%
Operating Expenses $3.433M $4.899M $4.475M
YoY Change 10.21% 9.47% -17.07%
Operating Profit -$3.433M -$4.885M -$4.475M
YoY Change 10.21% 9.16% -17.07%
Interest Expense $2.445M $2.508M $2.000K
YoY Change 244400.0% 125300.0% 0.0%
% of Operating Profit
Other Income/Expense, Net $574.0K -$9.634M -$2.000K
YoY Change -57500.0% 481600.0% 0.0%
Pretax Income -$2.859M -$14.52M -$4.477M
YoY Change -8.25% 224.3% -17.06%
Income Tax
% Of Pretax Income
Net Earnings -$2.859M -$14.52M -$4.477M
YoY Change -8.25% 224.3% -17.06%
Net Earnings / Revenue -39240.54%
Basic Earnings Per Share -$0.94 -$2.720K -$0.27
Diluted Earnings Per Share -$0.94 -$18.02 -$0.27
COMMON SHARES
Basic Shares Outstanding 3.019M shares 50.71M shares 273.8K shares
Diluted Shares Outstanding 3.349M shares 811.0K shares 16.42M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.060M $36.00K $984.0K
YoY Change 502.34% -96.34% -92.11%
Cash & Equivalents $2.056M $36.00K $984.0K
Short-Term Investments
Other Short-Term Assets $96.00K $36.00K $683.0K
YoY Change -74.74% -94.73% 167.84%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $2.662M $792.0K $1.667M
YoY Change 268.7% -52.49% -86.91%
LONG-TERM ASSETS
Property, Plant & Equipment $2.638M $2.366M $1.092M
YoY Change 86.3% 116.67% 297.09%
Goodwill $652.0K $652.0K
YoY Change
Intangibles $1.633M $1.688M
YoY Change
Long-Term Investments
YoY Change
Other Assets $33.00K $33.00K $403.0K
YoY Change -91.81% -91.81% 1289.66%
Total Long-Term Assets $9.504M $11.36M $5.301M
YoY Change 74.58% 114.2% 177.98%
TOTAL ASSETS
Total Short-Term Assets $2.662M $792.0K $1.667M
Total Long-Term Assets $9.504M $11.36M $5.301M
Total Assets $12.17M $12.15M $6.968M
YoY Change 97.31% 74.33% -52.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.855M $1.822M $840.0K
YoY Change 53.18% 116.9% 161.68%
Accrued Expenses $175.0K $408.0K $116.0K
YoY Change 31.58% 251.72% 11.54%
Deferred Revenue
YoY Change
Short-Term Debt $90.00K $1.800M $8.000K
YoY Change 1025.0% 22400.0% -98.18%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.537M $7.235M $2.400M
YoY Change 58.07% 201.46% 177.78%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $360.0K $355.0K $1.815M
YoY Change -80.17% -80.44%
Total Long-Term Liabilities $360.0K $355.0K $1.815M
YoY Change -80.17% -80.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.537M $7.235M $2.400M
Total Long-Term Liabilities $360.0K $355.0K $1.815M
Total Liabilities $2.892M $7.590M $4.215M
YoY Change -15.44% 80.07% 387.85%
SHAREHOLDERS EQUITY
Retained Earnings -$107.7M -$104.8M -$82.74M
YoY Change 25.45% 26.7%
Common Stock $7.000K $6.000K $1.000K
YoY Change 250.0% 500.0%
Preferred Stock $700.0K
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.274M $4.557M $2.753M
YoY Change
Total Liabilities & Shareholders Equity $12.17M $12.15M $6.968M
YoY Change 97.31% 74.33% -52.4%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$2.859M -$14.52M -$4.477M
YoY Change -8.25% 224.3% -17.06%
Depreciation, Depletion And Amortization $100.0K $192.0K $68.00K
YoY Change 44.93% 182.35% 257.89%
Cash From Operating Activities -$3.420M -$3.658M -$2.391M
YoY Change 62.39% 52.99% -12.67%
INVESTING ACTIVITIES
Capital Expenditures $370.0K $267.0K -$254.0K
YoY Change -1950.0% -205.12% 198.82%
Acquisitions
YoY Change
Other Investing Activities -$10.00K $6.000K
YoY Change
Cash From Investing Activities -$380.0K -$271.0K -$254.0K
YoY Change 1800.0% 6.69% 198.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.820M 1.824M 1.116M
YoY Change 292.18% 63.44% 27800.0%
NET CHANGE
Cash From Operating Activities -3.420M -3.658M -2.391M
Cash From Investing Activities -380.0K -271.0K -254.0K
Cash From Financing Activities 5.820M 1.824M 1.116M
Net Change In Cash 2.020M -2.105M -1.529M
YoY Change -414.64% 37.67% -45.76%
FREE CASH FLOW
Cash From Operating Activities -$3.420M -$3.658M -$2.391M
Capital Expenditures $370.0K $267.0K -$254.0K
Free Cash Flow -$3.790M -$3.925M -$2.137M
YoY Change 81.69% 83.67% -19.45%

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StockIssuedDuringPeriodValueLOCCommonStockCommitmentSharesIssuanceApril2023
230000 usd
CY2023Q2 crkn Stock Issued During Period Value Loc Notes Draw Down
StockIssuedDuringPeriodValueLOCNotesDrawDown
3363000 usd
CY2023Q2 crkn Stock Issued Durign Period Commitment To Issue Shares Of Common Stock In Connection With Demand Notes
StockIssuedDurignPeriodCommitmentToIssueSharesOfCommonStockInConnectionWithDemandNotes
286000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
132000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
4557000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
5724000 usd
CY2022Q2 crkn Stock Issue Duringperiod Value Issuance Of Common Stock Atthemarket Offering Net Of Offering Costs
StockIssueDuringperiodValueIssuanceOfCommonStockAtthemarketOfferingNetOfOfferingCosts
58000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1448000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-4477000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
2753000 usd
us-gaap Net Income Loss
NetIncomeLoss
-16819000 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Share Based Compensation
ShareBasedCompensation
313000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2531000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
372000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
234000 usd
crkn Loss On Extinguishment Of Warrant Liabilitys
LossOnExtinguishmentOfWarrantLiabilitys
-504000 usd
crkn Chang In Fair Value Of Derivative Liability
ChangInFairValueOfDerivativeLiability
7736000 usd
us-gaap Extinguishment Of Debt Gain Loss Income Tax
ExtinguishmentOfDebtGainLossIncomeTax
2345000 usd
crkn Change In Fair Value Of Notes
ChangeInFairValueOfNotes
-7000000 usd
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1045000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
239000 usd
us-gaap Interest Expense Other
InterestExpenseOther
1275000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-235000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-52000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
14000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
886000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
370000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-742000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-182000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1101000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-143000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8388000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
644000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
707000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
258000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
61000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1351000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-319000 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
2061000 usd
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
2198000 usd
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
60000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
2350000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
91000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
1058000 usd
crkn Proceeds From Issuance Of Series F1 Preferred Stock Net Of Fees
ProceedsFromIssuanceOfSeriesF1PreferredStockNetOfFees
2328000 usd
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
748000 usd
crkn Proceeds From Issuance Of Promissory Notes
ProceedsFromIssuanceOfPromissoryNotes
1357000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1997000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8954000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1116000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-785000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-5146000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
821000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6130000 usd
CY2023Q2 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
crkn Issuance Of Series E Preferred Stock In Connection With Loc
IssuanceOfSeriesEPreferredStockInConnectionWithLOC
9943000 usd
us-gaap Stock Issued1
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450000 usd
crkn Issuance Of Common Stock In Connection With Conversion Of Notes
IssuanceOfCommonStockInConnectionWithConversionOfNotes
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crkn Issuance Of Common Stock Warrants In Connection With Consideration Payable
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223000 usd
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
6000 usd
crkn Commitment To Issue Shares Of Common Stock In Connection With Demand Notes
CommitmentToIssueSharesOfCommonStockInConnectionWithDemandNotes
286000 usd
crkn Unpaid Equipment Included In Accounts Payable
UnpaidEquipmentIncludedInAccountsPayable
92000 usd
crkn Unpaid Equipment Included In Accounts Payable
UnpaidEquipmentIncludedInAccountsPayable
112000 usd
us-gaap Interest Paid Net
InterestPaidNet
8000 usd
us-gaap Interest Paid Net
InterestPaidNet
3000 usd
CY2023Q2 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
8.868
CY2023Q2 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
8.994
CY2023Q2 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
9.228
CY2023Q1 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
650000 usd
CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
crkn Accumulated Deficit
AccumulatedDeficit
104800000 usd
CY2023Q2 crkn Working Capital
WorkingCapital
6400000 usd
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
17000000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
8400000 usd
us-gaap Debt Instrument Sinking Fund Payment
DebtInstrumentSinkingFundPayment
10000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 usd
us-gaap Line Of Credit Assumed1
LineOfCreditAssumed1
50000000 usd
CY2023Q2 crkn Aggregate Gross Proceed Percentage
AggregateGrossProceedPercentage
0.03 pure
crkn Agreement Of Sale
AgreementOfSale
2100000 usd
CY2023Q3 crkn Placement Shares Amount
PlacementSharesAmount
5100000 usd
CY2023Q3 crkn Aggregate Gross Proceed Percentage
AggregateGrossProceedPercentage
0.03 pure
CY2023Q2 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
545100 shares
CY2023Q2 crkn Weighted Average Price Per Share
WeightedAveragePricePerShare
3.05
CY2023Q1 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
2000000 usd
CY2023Q2 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.15 pure
CY2023Q2 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
200000 usd
CY2023Q2 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
2100000 usd
CY2023Q2 us-gaap Secured Demand Notes
SecuredDemandNotes
76626000000 usd
CY2023Q2 us-gaap Debt Instrument Repurchased Face Amount
DebtInstrumentRepurchasedFaceAmount
140804 usd
CY2023Q2 crkn Aggregate Shares1
AggregateShares1
46935 shares
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
592129 shares
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
124946 shares
CY2023Q2 crkn Exercise Price Per Share
ExercisePricePerShare
9.228 usd
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">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, Series F/F-1/F-2 Preferred Stock, 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.</p>
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">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><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><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><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><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><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><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><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><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><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><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">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">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">Revenue recognized during the six months ended June 30, 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 six months ended June 30, 2022.</p>
crkn Percentage Of Payment Invoices
PercentageOfPaymentInvoices
0.05 pure
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
300000 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
100000 usd
CY2023Q1 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
31724 shares
CY2023Q1 crkn Converted Minimum Price Per Share
ConvertedMinimumPricePerShare
9.42
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
300000 usd
CY2023Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
409000 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
621000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4632314 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
285667 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
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
655000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
200000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
5000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
529000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
338000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
7000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
652000 usd
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
645000 usd
CY2022Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
5400000 usd
CY2022Q4 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
362657 shares
CY2022Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.54 pure
CY2022Q4 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
0.35 pure
us-gaap Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
215000 usd
CY2022 us-gaap Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
300000 usd
us-gaap Professional Fees
ProfessionalFees
385000 usd
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
34000 usd
CY2022 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
142000 usd
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
36000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
63000 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
756000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
590000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3076000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1871000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
710000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
462000 usd
CY2023Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2366000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
1409000 usd
CY2023Q2 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
100000 usd
CY2022Q2 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
100000 usd
CY2023Q2 crkn Finite Lived Intangible Assets Patents Gross
FiniteLivedIntangibleAssetsPatentsGross
1800000 usd
CY2022Q4 crkn Finite Lived Intangible Assets Patents Gross
FiniteLivedIntangibleAssetsPatentsGross
1800000 usd
CY2023Q2 crkn Finite Lived Intangible Assets Research License Gross
FiniteLivedIntangibleAssetsResearchLicenseGross
375000 usd
CY2022Q4 crkn Finite Lived Intangible Assets Research License Gross
FiniteLivedIntangibleAssetsResearchLicenseGross
375000 usd
CY2023Q2 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
200000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2375000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2175000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-687000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-577000 usd
CY2023Q2 crkn Finite Lived Intangible Assets Accumulated Research License Net
FiniteLivedIntangibleAssetsAccumulatedResearchLicenseNet
1688000 usd
CY2022Q4 crkn Finite Lived Intangible Assets Accumulated Research License Net
FiniteLivedIntangibleAssetsAccumulatedResearchLicenseNet
1598000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
121000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
235000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
234000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
197000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
901000 usd
CY2023Q2 crkn Finite Lived Intangible Asset Net
FiniteLivedIntangibleAssetNet
1688000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
CY2022Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
29.7
CY2022Q4 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
19.32
CY2022Q4 us-gaap Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
P5Y
CY2023Q2 us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
1500000 usd
crkn Standing Letterof Credit
StandingLetterofCredit
150000 usd
CY2022 crkn Standing Letterof Credit
StandingLetterofCredit
223000 usd
CY2023Q2 us-gaap Line Of Credit
LineOfCredit
9943000 usd
CY2023Q2 crkn Deferreddebtissuancecosts
Deferreddebtissuancecosts
10093000 usd
CY2022Q4 crkn Deferreddebtissuancecosts
Deferreddebtissuancecosts
223000 usd
CY2023Q2 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
4274000 usd
CY2022Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
73000 usd
CY2023Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
5819000 usd
CY2022Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
150000 usd
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9900000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
4100000 usd
crkn Convertible Promissory Notes
ConvertiblePromissoryNotes
2400000 usd
CY2023Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1470000 usd
CY2023Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
2721000 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1654000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
972000 usd
CY2023Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1600000 usd
CY2023Q1 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
maturity date of the 2022 Notes from October 19, 2023 to April 18, 2024
CY2023Q1 us-gaap Restricted Investments Percent Of Net Assets
RestrictedInvestmentsPercentOfNetAssets
0.05 pure
CY2023Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.05 pure
crkn Shares Of Common Stock
SharesOfCommonStock
248981 shares
crkn Fair Value Converted Notes
FairValueConvertedNotes
2200000 usd
CY2023Q1 crkn Change In Fair Value
ChangeInFairValue
400000 usd
CY2023Q1 crkn Agreement Issued
AgreementIssued
2000000 usd
CY2023Q2 crkn Withdrew Amount
WithdrewAmount
400000 usd
crkn Fair Value Amount
FairValueAmount
400000 usd
crkn Warrants Exercised
WarrantsExercised
106764 shares
CY2022 crkn Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm
2022-12-31
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.487 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0474 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y9M18D
CY2023Q2 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
274000 usd
CY2022Q4 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
510000 usd
CY2023Q2 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
32000 usd
CY2022Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
104000 usd
CY2023Q2 us-gaap Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
103000 usd
CY2022Q4 us-gaap Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
7000 usd
CY2023Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
9.42
CY2023Q2 us-gaap Shares Issued
SharesIssued
161561 shares
CY2023Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
83849 shares
CY2023Q2 us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
1392657 usd
CY2023Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.932
CY2023Q2 us-gaap Shares Issued
SharesIssued
127393 shares
CY2023Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
55242 shares
CY2023Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
200000 usd
CY2023Q2 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
1000000 usd
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
248981 shares
CY2023Q1 us-gaap Notes Issued1
NotesIssued1
2000000 usd
CY2023Q1 crkn Issuance Date
IssuanceDate
P60D
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
30
CY2023Q2 us-gaap Stock Dividends Shares
StockDividendsShares
33333 shares
CY2023Q2 crkn Accrued Interest Percentage
AccruedInterestPercentage
0.15 pure
CY2023Q2 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
200000 usd
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33333 shares
CY2023Q2 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
maturity date of the 2023 Note balance until May 15, 2023
CY2023Q2 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
700000 usd
CY2023Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
200000 usd
CY2023Q2 crkn Accrued Interest Percentage
AccruedInterestPercentage
0.15 pure
CY2023Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
150000 usd
CY2023Q2 us-gaap Other Commitment
OtherCommitment
200000000 usd
CY2023Q2 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
200000 usd
CY2023Q2 crkn Convertible Promissory Note
ConvertiblePromissoryNote
150 usd
CY2023Q2 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
600000 usd
CY2023Q2 us-gaap Other Commitment
OtherCommitment
2100000 usd
us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
maturity dates of each until July 16, 2023
CY2023Q2 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
133333 shares
us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
2000000 usd
CY2023Q1 us-gaap Senior Notes
SeniorNotes
1200000 usd
CY2023Q1 crkn Purchase Of Warrants
PurchaseOfWarrants
41667 shares
CY2023Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
1000000 usd
CY2023Q1 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
0.10 pure
CY2023Q1 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
120000 usd
CY2023Q1 crkn Warrant Exercise Price
WarrantExercisePrice
19.32
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11833 shares
CY2023Q2 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
66667 shares
CY2023Q2 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
25000 shares
CY2023Q2 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
100000 shares
CY2023Q1 us-gaap Extinguishment Of Debt Gain Loss Income Tax
ExtinguishmentOfDebtGainLossIncomeTax
2200000 usd
CY2023Q2 us-gaap Senior Notes
SeniorNotes
200000 usd
CY2023Q2 us-gaap Extinguishment Of Debt Gain Loss Income Tax
ExtinguishmentOfDebtGainLossIncomeTax
100000 usd
CY2023Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
100000 usd
us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
41667 shares
CY2023Q2 us-gaap Senior Notes
SeniorNotes
1100000 usd
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
crkn Common Stock Shares Outstanding Percentage
CommonStockSharesOutstandingPercentage
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
AdditionalPaidInCapitalPreferredStock
4350000 usd
CY2023Q2 crkn Aggregate Principal Shares
AggregatePrincipalShares
206 shares
CY2023Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
600000 usd
CY2023Q2 us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
576 shares
us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
592129 shares
us-gaap Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
8.868
us-gaap Equity Classified Written Call Option Modification Equity Issuance Increase Decrease In Equity Amount
EquityClassifiedWrittenCallOptionModificationEquityIssuanceIncreaseDecreaseInEquityAmount
100000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
200000 usd
crkn Warrant Liability
WarrantLiability
1200000 usd
CY2023Q2 us-gaap Additional Paid In Capital Preferred Stock
AdditionalPaidInCapitalPreferredStock
700000 usd
CY2023Q2 us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
3583 shares
CY2023Q2 us-gaap Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
8.994
CY2023Q2 us-gaap Preferred Stock Discount On Shares
PreferredStockDiscountOnShares
0.7 usd
us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
500000 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
70000 shares
crkn Total Number Of Outstanding Shares Percentage
TotalNumberOfOutstandingSharesPercentage
0.199 pure
CY2023Q2 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
45000 usd
CY2022Q2 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
445000 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
104000 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
500000 usd
CY2023Q2 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
87000 usd
CY2022Q2 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
1003000 usd
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
209000 usd
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
2031000 usd
CY2023Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
132000 usd
CY2022Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1448000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
313000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2531000 usd
CY2023Q2 us-gaap Share Price
SharePrice
19.3
CY2023Q1 us-gaap Shares Issued
SharesIssued
96894 shares
CY2023Q1 us-gaap Share Price
SharePrice
19.3
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
592137 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
159295 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
153.35
CY2022 crkn Weighted Average Remaining Contractual Term Years Outstanding At Ending Balances
WeightedAverageRemainingContractualTermYearsOutstandingAtEndingBalances
P6Y6M
CY2022Q4 crkn Aggregate Intrinsic Value Outstanding At Ending Balance
AggregateIntrinsicValueOutstandingAtEndingBalance
26188 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1516 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
196.86
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
157779 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
157.47
crkn Weighted Average Remaining Contractual Term Years Outstanding At Ending Balances
WeightedAverageRemainingContractualTermYearsOutstandingAtEndingBalances
P6Y
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
142884 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
167.85
crkn Weighted Average Remaining Contractual Term Years Exercisable
WeightedAverageRemainingContractualTermYearsExercisable
P5Y8M12D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
10483 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
82.02
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
3344 shares
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
104.04
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
7139 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
71.68
CY2023Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
41667 shares
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
19.3
crkn Granted Restricted Stock Units
GrantedRestrictedStockUnits
45000 shares
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
30
CY2023Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
16.67
CY2022Q4 us-gaap Shares Issued
SharesIssued
362657 shares
CY2022Q4 us-gaap Share Price
SharePrice
19.3
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
106764 shares
CY2023Q2 us-gaap Shares Issued
SharesIssued
106764 shares
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
8.868
crkn Warrant Purchase Shares
WarrantPurchaseShares
398379 shares
us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
8.994
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
crkn Warrants Issued Purchase Shares
WarrantsIssuedPurchaseShares
124948 shares
us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
9.228
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 5,000 shares of the Company’s common stock at $45.00 per share. The warrant has a five-year life and expires on August 12, 2027.
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
161700000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
161700000 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
85450000 usd
CY2022Q1 us-gaap Equity Fair Value Adjustment
EquityFairValueAdjustment
223000000 usd
CY2016Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
400 usd
CY2016Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1200 usd
CY2017Q4 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1800 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4500 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7550 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
44252 usd
CY2023Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
41323 usd
CY2021Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2021Q2 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
7388 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
8315 usd
CY2021Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2021Q4 us-gaap Lessee Finance Lease Renewal Term1
LesseeFinanceLeaseRenewalTerm1
P62Y
CY2021Q4 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
100000 usd
CY2021Q4 us-gaap Security Deposit
SecurityDeposit
150000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
800000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
126000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
190000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
316000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
380000 usd
CY2023Q2 crkn Variables Lease Cost
VariablesLeaseCost
9000 usd
CY2022Q2 crkn Variables Lease Cost
VariablesLeaseCost
-11000 usd
crkn Variables Lease Cost
VariablesLeaseCost
-49000 usd
crkn Variables Lease Cost
VariablesLeaseCost
-16000 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
117000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
201000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
365000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
396000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
119000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
189000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
311000 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
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2023Q2 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
CY2023Q2 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
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
392000 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
405000 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
194000 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
100000 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
9000 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1100000 usd
CY2023Q2 crkn Operating Leases Future Minimum Payments Present Value Discount
OperatingLeasesFutureMinimumPaymentsPresentValueDiscount
261000 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
839000 usd
CY2023Q2 us-gaap Payments For Rent
PaymentsForRent
200000 usd
CY2022Q2 us-gaap Payments For Rent
PaymentsForRent
200000 usd
us-gaap Payments For Rent
PaymentsForRent
400000 usd
us-gaap Payments For Rent
PaymentsForRent
200000 usd
CY2023Q2 us-gaap Payments For Fees
PaymentsForFees
150000 usd
CY2023Q2 crkn Additional Deposit
AdditionalDeposit
115394 usd
crkn Purchase Agreement
PurchaseAgreement
0.97 pure
crkn Net Proceed
NetProceed
283949 usd
CY2023Q2 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
30000.00 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
1.81
crkn Gross Proceeds
GrossProceeds
3 usd
crkn Combined Additional Atm And Eloc Amount
CombinedAdditionalATMAndELOCAmount
2100000 usd
crkn Excess Stockholder Equity Levels
ExcessStockholderEquityLevels
2500000 usd
CY2022Q4 crkn Series D Preferred Stock
SeriesDPreferredStock
usd
CY2023Q2 crkn Series E Preferred Stock
SeriesEPreferredStock
usd
CY2022Q4 crkn Series E Preferred Stock
SeriesEPreferredStock
usd
CY2023Q2 crkn Series F Preferred Stock
SeriesFPreferredStock
usd
CY2023Q2 crkn Series F1 Preferred Stock
SeriesF1PreferredStock
usd
CY2023Q2 crkn Series F2 Preferred Stock
SeriesF2PreferredStock
usd
CY2022Q2 us-gaap Revenues
Revenues
usd
us-gaap Revenues
Revenues
usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
usd
us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
usd
us-gaap Gross Profit
GrossProfit
usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2023Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
usd
CY2022Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
usd
CY2022Q2 crkn Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
usd
crkn Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
usd
CY2022Q2 crkn Change In Fair Value Of Notes1
ChangeInFairValueOfNotes1
usd
crkn Change In Fair Value Of Notes1
ChangeInFairValueOfNotes1
usd
CY2022Q2 us-gaap Other Expenses
OtherExpenses
usd
us-gaap Other Expenses
OtherExpenses
usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q2 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
usd
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
269094 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
273767 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
653848 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
810983 shares
crkn Deemed Dividend For Repricing Of Series D Preferred Stock
DeemedDividendForRepricingOfSeriesDPreferredStock
usd
crkn Loss On Extinguishment Of Warrant Liabilitys
LossOnExtinguishmentOfWarrantLiabilitys
usd
crkn Chang In Fair Value Of Derivative Liability
ChangInFairValueOfDerivativeLiability
usd
crkn Change In Fair Value Of Notes
ChangeInFairValueOfNotes
usd
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
usd
us-gaap Interest Expense Other
InterestExpenseOther
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us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
usd
crkn Proceeds From Issuance Of Series F1 Preferred Stock Net Of Fees
ProceedsFromIssuanceOfSeriesF1PreferredStockNetOfFees
usd
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
usd
crkn Proceeds From Issuance Of Promissory Notes
ProceedsFromIssuanceOfPromissoryNotes
usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
usd
crkn Issuance Of Series E Preferred Stock In Connection With Loc
IssuanceOfSeriesEPreferredStockInConnectionWithLOC
usd
us-gaap Stock Issued1
StockIssued1
usd
crkn Issuance Of Common Stock In Connection With Conversion Of Notes
IssuanceOfCommonStockInConnectionWithConversionOfNotes
usd
crkn Issuance Of Common Stock Warrants In Connection With Consideration Payable
IssuanceOfCommonStockWarrantsInConnectionWithConsiderationPayable
usd
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
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
CY2023Q2 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
usd
CY2023Q2 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
CY2022 crkn Weighted Average Remaining Contractual Term Years Outstanding At Beginning Balance
WeightedAverageRemainingContractualTermYearsOutstandingAtBeginningBalance
CY2021Q4 crkn Aggregate Intrinsic Value Outstanding At Beginning Balance
AggregateIntrinsicValueOutstandingAtBeginningBalance
usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2022 crkn Weighted Average Remaining Contractual Term Years Granted
WeightedAverageRemainingContractualTermYearsGranted
CY2022 crkn Aggregate Intrinsic Value Granted
AggregateIntrinsicValueGranted
usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2022 crkn Weighted Average Remaining Contractual Term Years Canceled
WeightedAverageRemainingContractualTermYearsCanceled
CY2022 crkn Aggregate Intrinsic Value Canceled
AggregateIntrinsicValueCanceled
usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2022 crkn Weighted Average Remaining Contractual Term Years Forfeited
WeightedAverageRemainingContractualTermYearsForfeited
CY2022 crkn Aggregate Intrinsic Value Forfeited
AggregateIntrinsicValueForfeited
usd
crkn Weighted Average Remaining Contractual Term Years Forfeited
WeightedAverageRemainingContractualTermYearsForfeited
CY2023Q2 crkn Aggregate Intrinsic Value Outstanding At Ending Balance
AggregateIntrinsicValueOutstandingAtEndingBalance
usd
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
usd
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
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

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