2023 Q1 Form 10-K Financial Statement
#000121390023022859 Filed on March 24, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $0.00 | ||
YoY Change | |||
Cost Of Revenue | $0.00 | ||
YoY Change | |||
Gross Profit | $0.00 | ||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $640.0K | $4.948M | $8.125M |
YoY Change | -63.5% | 359.17% | 71.38% |
% of Gross Profit | |||
Research & Development | $123.00 | $0.00 | $20.52K |
YoY Change | -99.28% | ||
% of Gross Profit | |||
Depreciation & Amortization | $10.13K | $91.50K | $5.400K |
YoY Change | -53.6% | 319.15% | -87.63% |
% of Gross Profit | |||
Operating Expenses | $1.532M | $5.514M | $10.31M |
YoY Change | -28.02% | 139.51% | 29.03% |
Operating Profit | -$1.532M | -$5.514M | -$10.31M |
YoY Change | -28.02% | 139.51% | 29.03% |
Interest Expense | $53.66K | -$119.4K | $147.0K |
YoY Change | -318.94% | -88.48% | -106.86% |
% of Operating Profit | |||
Other Income/Expense, Net | -$66.97K | -$132.7K | |
YoY Change | 173.18% | -93.81% | |
Pretax Income | -$1.600M | -$5.633M | -$10.44M |
YoY Change | -25.66% | 68.72% | 3.06% |
Income Tax | -$21.79K | -$21.79K | |
% Of Pretax Income | |||
Net Earnings | -$1.599M | -$5.612M | -$10.42M |
YoY Change | -25.73% | -15.86% | -18.95% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.01 | -$0.05 | |
Diluted Earnings Per Share | -$0.01 | -$0.03 | -$0.05 |
COMMON SHARES | |||
Basic Shares Outstanding | 204.2M shares | 202.5M shares | 200.9M shares |
Diluted Shares Outstanding | 204.0M shares | 200.9M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $664.0K | $2.016M | $2.016M |
YoY Change | -81.53% | -65.08% | -65.08% |
Cash & Equivalents | $664.0K | $2.016M | |
Short-Term Investments | |||
Other Short-Term Assets | $114.6K | $150.4K | $150.4K |
YoY Change | 56.55% | -80.14% | -80.14% |
Inventory | |||
Prepaid Expenses | $92.77K | $128.7K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $778.5K | $2.166M | $2.167M |
YoY Change | -78.77% | -66.82% | -66.82% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $737.3K | $525.9K | $525.9K |
YoY Change | 215.57% | 133.71% | 133.72% |
Goodwill | $1.190M | $1.190M | |
YoY Change | 0.0% | ||
Intangibles | $3.981M | ||
YoY Change | |||
Long-Term Investments | $10.30M | ||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $5.807M | $5.696M | $5.696M |
YoY Change | -39.88% | -37.08% | -37.08% |
TOTAL ASSETS | |||
Total Short-Term Assets | $778.5K | $2.166M | $2.167M |
Total Long-Term Assets | $5.807M | $5.696M | $5.696M |
Total Assets | $6.586M | $7.863M | $7.863M |
YoY Change | -50.58% | -49.54% | -49.54% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.431M | $1.288M | $1.288M |
YoY Change | 4.86% | -31.52% | -31.52% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.431M | $1.288M | $1.288M |
YoY Change | 4.86% | -31.55% | -31.55% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.000M | $2.000M | $2.000M |
YoY Change | 860.02% | 1029.43% | 1029.43% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $2.000M | $2.000M | $2.000M |
YoY Change | 860.02% | 1029.43% | 1029.43% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.431M | $1.288M | $1.288M |
Total Long-Term Liabilities | $2.000M | $2.000M | $2.000M |
Total Liabilities | $3.431M | $3.288M | $3.288M |
YoY Change | 118.1% | 59.67% | 59.67% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$40.61M | -$39.01M | |
YoY Change | 36.46% | ||
Common Stock | $204.8K | $202.7K | |
YoY Change | 2.9% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $3.155M | $4.574M | $4.574M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.586M | $7.863M | $7.863M |
YoY Change | -50.58% | -49.54% | -49.54% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.599M | -$5.612M | -$10.42M |
YoY Change | -25.73% | -15.86% | -18.95% |
Depreciation, Depletion And Amortization | $10.13K | $91.50K | $5.400K |
YoY Change | -53.6% | 319.15% | -87.63% |
Cash From Operating Activities | -$1.338M | -$913.5K | -$4.767M |
YoY Change | -17.96% | -63.9% | -14.89% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $13.74K | $222.1K | $300.9K |
YoY Change | -259.03% | -346.74% | -233.71% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | -$618.8K |
YoY Change | -100.0% | -100.0% | -76.0% |
Cash From Investing Activities | -$13.74K | -$222.1K | -$1.019M |
YoY Change | -97.81% | 58.63% | -63.66% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $256.9K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 21.87K | $2.029M | |
YoY Change | -99.73% | -85.35% | |
NET CHANGE | |||
Cash From Operating Activities | -$1.338M | -913.5K | -$4.767M |
Cash From Investing Activities | -$13.74K | -222.1K | -$1.019M |
Cash From Financing Activities | 21.87K | $2.029M | |
Net Change In Cash | -$1.352M | -1.114M | -$3.757M |
YoY Change | -37.94% | -120.12% | -169.02% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.338M | -$913.5K | -$4.767M |
Capital Expenditures | $13.74K | $222.1K | $300.9K |
Free Cash Flow | -$1.352M | -$1.136M | -$5.068M |
YoY Change | -16.67% | -53.47% | -5.73% |
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Stockholders Equity
StockholdersEquity
|
4574468 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-10422691 | usd |
CY2021 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-10134642 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
72917 | usd |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1547181 | usd |
CY2022 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
157001 | usd |
CY2021 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
43663 | usd |
CY2022 | crym |
Bad Debt Expenses
BadDebtExpenses
|
4218831 | usd |
CY2021 | crym |
Bad Debt Expenses
BadDebtExpenses
|
540000 | usd |
CY2022 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
590625 | usd |
CY2021 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
1011075 | usd |
CY2021 | us-gaap |
Provision For Other Losses
ProvisionForOtherLosses
|
318970 | usd |
CY2022 | crym |
Stockbased Compensation Expense
StockbasedCompensationExpense
|
603463 | usd |
CY2021 | crym |
Stockbased Compensation Expense
StockbasedCompensationExpense
|
2653271 | usd |
CY2022 | crym |
Deferred Income Tax Expense
DeferredIncomeTaxExpense
|
21788 | usd |
CY2021 | crym |
Deferred Income Tax Expense
DeferredIncomeTaxExpense
|
14926 | usd |
CY2022 | crym |
Prepaid Expenses
PrepaidExpenses
|
-628732 | usd |
CY2021 | crym |
Prepaid Expenses
PrepaidExpenses
|
696908 | usd |
CY2022 | crym |
Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
|
593954 | usd |
CY2021 | crym |
Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
|
366587 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-4766864 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-5098903 | usd |
CY2021 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
-501609 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4766864 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5600512 | usd |
CY2021 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
1000000 | usd |
CY2021 | crym |
Payoff Of Cryo Cann Loan Agreement At Closing
PayoffOfCryoCannLoanAgreementAtClosing
|
1247684 | usd |
CY2022 | us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
618831 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
300855 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
225000 | usd |
CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
98983 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-1018669 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2472684 | usd |
CY2021 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
-330560 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1018669 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2803244 | usd |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
237590 | usd |
CY2021 | crym |
Repayment Of Notes Payable Related Parties
RepaymentOfNotesPayableRelatedParties
|
237590 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
256876 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
10308000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
21875 | usd |
CY2021 | us-gaap |
Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
|
286441 | usd |
CY2021 | crym |
Repaymentofloanspayablecurrent
Repaymentofloanspayablecurrent
|
-698800 | usd |
CY2022 | crym |
Proceeds From Notes Payable Current
ProceedsFromNotesPayableCurrent
|
1750000 | usd |
CY2021 | crym |
Proceeds From Notes Payable Current
ProceedsFromNotesPayableCurrent
|
4900000 | usd |
CY2021 | crym |
Repayment Of Seller Note For Acquisition
RepaymentOfSellerNoteForAcquisition
|
1173016 | usd |
CY2021 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
281771 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
2028751 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
13340854 | usd |
CY2021 | us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
505902 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2028751 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
13846756 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-3756782 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
5769267 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
|
-326267 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
5772839 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
329839 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2016057 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
5772839 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
16592 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
449068 | usd |
CY2022 | crym |
Common Stock Issued Pursuant To Vesting Of Restricted Stock Units
CommonStockIssuedPursuantToVestingOfRestrictedStockUnits
|
1168600 | usd |
CY2021 | crym |
Common Stock Issued Pursuant To Vesting Of Restricted Stock Units
CommonStockIssuedPursuantToVestingOfRestrictedStockUnits
|
2851103 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>1. NATURE OF THE BUSINESS</b> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cryomass Technologies Inc (“Cryomass Technologies” or the “Company”) designs, manufactures and is developing the strategy to commercialize patented cryo-mechanical systems for the harvesting and refinement of hemp, cannabis, and potentially other high value crops such as hops. The system exploits CryoMass’s U.S.-patented process for the controlled application of liquid nitrogen to stabilize and separate the structural elements of gross plant material. The device currently under development can be operated at a cultivation site or be installed at a processing facility and is being optimized for the collection of fully intact hemp and cannabis trichomes. The first functional “beta” machine has completed field testing. The Company recently signed a license and lease arrangement with a third party to deploy multiple CryoMass trichome separation units at the prospective partner’s facility in California and other locations, with the intention of starting commercial operations shortly.</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 principal office is located at 1001 Bannock St., Suite 612, Denver, CO 80204, and its telephone number is 303-416-7208. The Company’s website is www.cryomass.com. Information appearing on the website is not incorporated by reference into this prospectus.</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 over its history has explored a number of different business opportunities.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May 10, 2018, the Company began to establish various business ventures in Colombia through its Colombian subsidiary, First Colombia Devco S.A.S (“Devco”).</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">On July 1, 2019, the Company acquired 100% of the membership interests in General Extract, LLC, a Colorado limited liability company, in exchange for the shares of Devco. The name of this subsidiary was subsequently changed to Cryomass LLC.</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">On July 15, 2019, the Company entered into a Membership Interest Purchase Agreement to acquire cannabis-related intellectual property and certain other assets, but not cannabis licenses, of Critical Mass Industries LLC (“CMI”), a Colorado limited liability company.</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">Effective December 31, 2021, the Company disposed of all CMI-related assets and extinguished any and all related obligations. Therefore, we determined that CMI no longer qualifies as a variable interest entity (“VIE”) as of December 31, 2021.</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">In August 2020, the Company established a wholly owned Colombian subsidiary, Andina Gold Colombia SAS for this purpose acquiring gold properties in Colombia. However, due to the untimely death of our top geologist, the Company determined that pursuit of gold exploration in Colombia was no longer a practical alternative. In Q1 2022 the respective subsidiary was closed.</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">On June 22, 2021, the Company entered into an Asset Purchase Agreement with Cryocann USA Corp, a California corporation (“Cryocann”), pursuant to which Company acquired substantially all the assets of Cryocann. The aggregate purchase price was $3,500,000 million in cash and 10,000,000 shares of Company common stock As part of the Cryocann Acquisition, we retained both Cryocann employees, who have expert knowledge of the industry, related participants, customers and the acquired patented technology. Under their employment agreements, each employee may receive compensation if specific performance targets are met in association with our future operating performance when the Cryocann technology enters the market. The technology and assets acquired from Cryocann are operated from the Company’s subsidiary, Cryomass LLC. The patented cryo-mechanical technology is for the separation of plant materials in the harvesting of hemp and cannabis, and potentially other high value crops such as hops. We believe this technology will reduce processing costs and increases the quality of extracted compounds. We are exploring the application of the underlying technology to a broad range of industries that handle high-value materials and that could benefit from our precision capture methods. We anticipate that cannabis and hemp will be the first in a series of such industries.</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">To develop and commercialize the technology, we contracted with an independent engineering and manufacturing firm to refine the design of our cryo-mechanical system for the handling of harvested hemp, cannabis and other high-value plants. The system exploits CryoMass’s U.S.-patented process for the controlled application of liquid nitrogen to stabilize and separate the structural elements of gross plant material. The device currently under development is scaled for highway transportability and is being optimized for the low-cost collection of fully intact hemp and cannabis trichomes. It can be used within minutes after plants have been cut and can also efficiently capture trichomes from fresh frozen or even dried plant parts, including trim. The device’s through-put capacity is expected to be approximately 600 kilograms of gross plant material per hour. The advanced design for the equipment has been completed, and testing of a prototype machine is currently underway. The engineering and manufacturing firm has indicated that it has the capacity to build 10 to 15 such devices per month.</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 first functional “beta” machine has completed field testing. The Company recently signed a license and lease arrangement with a third party to deploy multiple CryoMass trichome separation units at the prospective partner’s facility in California and other locations, with the intention of starting commercial operations shortly.</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">Management believes the CryoMass system will deliver a compelling combination of cost and time savings while enhancing product quality and quantity for largescale cultivators and processors of hemp and cannabis. The use of a CryoMass system – which can be trucked to and operated on the fields of most large hemp and cannabis growers or be permanently installed at a user’s processing facility – should eliminate many of the costs that come with traditional practices, especially the labor, fuel and capital costs of drying and curing hemp or cannabis that is grown for the extraction of end products. With traditional practices, harvested plants are transported to a specially constructed drying house and then treated for a week or longer under controlled conditions of temperature and humidity. It’s a costly method. With our system, harvested plants are simply fed into the front end of a CryoMass machine, and minutes later fully intact trichomes are collected at the back end of the machine. With traditional practices and their seven-to-ten days of handling and drying, a large share of a plant’s valuable trichomes break off and are lost. Then the remaining trichomes are damaged by long exposure to oxygen and by the evaporation of their volatile terpenes. The CryoMass system, on the other hand, stabilizes and collects fully intact trichomes at harvest, leaving no opportunity for such wasteful loss. Field-captured trichomes are the cleanest element of a hemp or cannabis plant because, unlike the rest of the plant, trichomes do not readily take up heavy metals, pesticides or other common soil contaminants. As a product for end-users, field-captured trichomes are closest to being contaminant free. As feedstock for manufacturers of extracts and oils, they are the key to the purest products possible.</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">Because the trichomes collected with CryoMass technology represent only 10% or so of a plant’s weight and volume, they are cheaper to ship and store than gross plant material. For the same reason and because trichomes are free of the waxes and other unwanted materials found in the rest of the plant, processing trichomes into oils and extracts can be far quicker, cheaper and easier than processing gross plant material. Even trichomes captured from dried or frozen plant parts deliver this cost-saving advantage to processors of oils and extracts. The three-dimensional advantage achievable with the CryoMass system – first-stage cost savings, product enhancement and downstream cost savings – can as much as double a crop’s wholesale value. And in some jurisdictions, users may enjoy a reduction in excise taxes levied on cannabis and hemp harvests, which typically are tied to the gross weight of hemp or cannabis that is removed from the field.</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">Production and processing of hemp and cannabis is a huge, worldwide industry. In the U.S., for example, the wholesale value of the cannabis crop from just the 11 states permitting adult-use and medical cannabis exceeds $6 billion annually. Growth in the U.S. and in the worldwide market is likely fed in part by the growing acceptance of medicinal cannabis products and anticipated legislative changes in various jurisdictions worldwide.</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">And that may only be chapter one of the Company’s story. Several other high-value plants, including species that are important for health and wellness products, wrap their valuable elements in trichomes. The technology we are developing for hemp and cannabis may have profitable application to those other species as well. We intend to find out.</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">In September, we were granted an additional patent for our process from the Chinese Intellectual Property Office. We currently are taking steps to gain further protection for our intellectual property through the European Union Intellectual Property Office and several other international jurisdictions.</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">On November 17<sup>th</sup> we announced the completion of a $10.3 million equity financing. The financing and the earlier conversion of substantially all the company’s debt into common stock left the Company with a strong balance sheet and adequate resources for our planned business development during the coming twelve months. In connection with the financing, 1,010,000 shares and 760,000 shares of CryoMass Technologies common stock were purchased by CEO Christian Noël and Chairman of the Board Delon Human, respectively.</p> | |
CY2019Q3 | crym |
Membership Interests
MembershipInterests
|
1 | pure |
CY2021Q2 | crym |
Aggregate Purchase Amount
AggregatePurchaseAmount
|
3500000000000 | usd |
CY2021Q2 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
10000000 | shares |
CY2022 | crym |
Membership Interests
MembershipInterests
|
0.10 | pure |
CY2022 | us-gaap |
Other Labor Related Expenses
OtherLaborRelatedExpenses
|
6000000000 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
10300000 | usd |
CY2022Q4 | us-gaap |
Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
|
1010000 | shares |
CY2021Q4 | us-gaap |
Variable Interest Difference Between Carrying Amount And Maximum Exposure
VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure
|
3600000 | usd |
CY2021 | us-gaap |
Variable Interest Entity Qualitative Or Quantitative Information Date Involvement Began1
VariableInterestEntityQualitativeOrQuantitativeInformationDateInvolvementBegan1
|
2023-12-31 | |
CY2022Q4 | crym |
Working Capital
WorkingCapital
|
878031 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
2016057 | usd |
CY2022 | us-gaap |
Retail Land Sales Estimated Cost Of Major Improvements
RetailLandSalesEstimatedCostOfMajorImprovements
|
4000000 | usd |
CY2022 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
6600000 | usd |
CY2022 | crym |
Cash For Operating Activities
CashForOperatingActivities
|
4766864 | usd |
CY2022 | us-gaap |
Malpractice Loss Contingency Claims Incurred Net
MalpracticeLossContingencyClaimsIncurredNet
|
10422691 | usd |
CY2022Q4 | crym |
Accumulated Deficits
AccumulatedDeficits
|
-39011528 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</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 preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of expenses during the reporting period. Significant estimates and assumptions reflected in these consolidated financial statements include, but are not limited to determining the fair value of the assets acquired and liabilities assumed in acquisition, determining the useful lives and potential impairment of long-lived assets and potential impairment of goodwill. The Company bases its estimates on historical experience, known trends and other market-specific or other relevant factors that it believes to be reasonable under the circumstances. On an ongoing basis, management evaluates its estimates when there are changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Reclassifications</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">Certain items in the interim consolidated financial statements were reclassified from prior periods for presentation purposes.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Concentrations of Credit Risk</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. Periodically, the Company maintains deposits in accredited financial institutions in excess of federally insured limits. The Company deposits its cash in financial institutions that it believes have high credit quality and has not experienced any losses on such accounts. Aside from this, the Company does not believe it is exposed to any unusual credit risk.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | crym |
Income Taxes Description
IncomeTaxesDescription
|
In accordance with ASC 740-10, for those tax positions where there is a greater than 50% likelihood that a tax benefit will be sustained, our policy will be to record the largest amount of tax benefit that is more likely than not to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where there is less than 50% likelihood that a tax benefit will be sustained, no tax benefit will be recognized in the consolidated financial statements. | |
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
928779 | usd |
CY2022 | crym |
Conversion Of Warrants
ConversionOfWarrants
|
515763 | usd |
CY2022Q4 | us-gaap |
Notes Payable
NotesPayable
|
1444542 | usd |
CY2022 | crym |
Unvested Of Shares Restricted Stock Potentially Dilutive Securities Outstanding
UnvestedOfSharesRestrictedStockPotentiallyDilutiveSecuritiesOutstanding
|
772273 | shares |
CY2021 | crym |
Unvested Of Shares Restricted Stock Potentially Dilutive Securities Outstanding
UnvestedOfSharesRestrictedStockPotentiallyDilutiveSecuritiesOutstanding
|
2200003 | shares |
CY2021Q2 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
3500000000000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
|
10000000 | shares |
CY2021Q4 | crym |
Promissory Note Issued
PromissoryNoteIssued
|
1252316 | usd |
CY2021Q2 | us-gaap |
Debt Instrument Fee Amount
DebtInstrumentFeeAmount
|
2500000 | usd |
CY2021 | us-gaap |
Business Combination Separately Recognized Transactions Net Gains And Losses
BusinessCombinationSeparatelyRecognizedTransactionsNetGainsAndLosses
|
9209433 | usd |
CY2022Q3 | crym |
Loan Agreement
LoanAgreement
|
2000000 | usd |
CY2021 | us-gaap |
Extinguishment Of Debt Gain Loss Per Share Net Of Tax
ExtinguishmentOfDebtGainLossPerShareNetOfTax
|
0.05 | |
CY2021 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
7641737 | usd |
CY2022 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-10422691 | usd |
CY2021 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-12417483 | usd |
CY2022 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
-0.05 | |
CY2021 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
-0.08 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
525855 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
225000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
531255 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
225000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5400 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
525855 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
225000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
5400 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
0 | usd |
CY2022 | crym |
Carrying Value Of Goodwill
CarryingValueOfGoodwill
|
1190000 | usd |
CY2021 | crym |
Carrying Value Of Goodwill
CarryingValueOfGoodwill
|
1190000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
4181246 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-200664 | usd |
CY2022Q4 | crym |
Amortized Intangible Assets Impairment
AmortizedIntangibleAssetsImpairment
|
3980582 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
4082263 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-43663 | usd |
CY2021Q4 | crym |
Amortized Intangible Assets Impairment
AmortizedIntangibleAssetsImpairment
|
4038600 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
157001 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
43663 | usd |
CY2021Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
6600000 | usd |
CY2021 | us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
3600000 | usd |
CY2022Q4 | us-gaap |
Other Loans Payable Long Term
OtherLoansPayableLongTerm
|
620000 | usd |
CY2021Q1 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.936 | pure |
CY2021Q1 | us-gaap |
Debt Instrument Repurchase Date
DebtInstrumentRepurchaseDate
|
2021-04-27 | |
CY2021Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
225000 | usd |
CY2021Q1 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.15 | pure |
CY2021Q1 | us-gaap |
Debt Instrument Repurchase Date
DebtInstrumentRepurchaseDate
|
2021-05-07 | |
CY2021Q3 | us-gaap |
Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
|
0.12 | pure |
CY2021Q2 | us-gaap |
Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
|
0.12 | pure |
CY2021Q3 | crym |
Loans Agreement
LoansAgreement
|
300000 | usd |
CY2021Q3 | us-gaap |
Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
|
0.9123 | pure |
CY2021Q3 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2022-05-27 | |
CY2021Q3 | us-gaap |
Debt Instrument Repurchase Date
DebtInstrumentRepurchaseDate
|
2021-10-19 | |
CY2022Q3 | us-gaap |
Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
|
0.12 | pure |
CY2022 | crym |
Note Receivable Issued Amount
NoteReceivableIssuedAmount
|
281771 | usd |
CY2021Q3 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
|
237590 | usd |
CY2021Q4 | crym |
Note Interest
NoteInterest
|
0.14 | pure |
CY2021Q4 | us-gaap |
Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
|
250000 | shares |
CY2021Q4 | us-gaap |
Memberships In Exchanges Owned
MembershipsInExchangesOwned
|
50000 | usd |
CY2022Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
|
2000000 | usd |
CY2022Q4 | crym |
Beneficial Percentage
BeneficialPercentage
|
0.10 | pure |
CY2022Q4 | crym |
Note Interest
NoteInterest
|
0.12 | pure |
CY2022Q4 | us-gaap |
Investment Maturity Date
InvestmentMaturityDate
|
2024-10-01 | |
CY2019Q3 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
72096 | usd |
CY2019 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
790000 | shares |
CY2019 | us-gaap |
Professional Fees
ProfessionalFees
|
395000 | usd |
CY2021Q2 | crym |
Issuance Of Common Stock Shares
IssuanceOfCommonStockShares
|
10000000 | shares |
CY2021Q2 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
6903172 | shares |
CY2021Q2 | crym |
Agreements Shares
AgreementsShares
|
2500000 | shares |
CY2021Q2 | crym |
Share Exchange For Services
ShareExchangeForServices
|
633125 | shares |
CY2021Q3 | crym |
Common Stock Shares
CommonStockShares
|
798414 | shares |
CY2021Q3 | us-gaap |
Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
|
633707 | shares |
CY2021Q3 | crym |
Interest Rate
InterestRate
|
92127 | shares |
CY2021Q4 | crym |
Common Stock Shares
CommonStockShares
|
50700000 | shares |
CY2021Q4 | crym |
Common Stock In Exchange For Services
CommonStockInExchangeForServices
|
1570501 | shares |
CY2021Q4 | crym |
Common Stock In Exchange For Extinguishment Of Debt
CommonStockInExchangeForExtinguishmentOfDebt
|
24621119 | shares |
CY2022Q1 | crym |
Common Stock Shares
CommonStockShares
|
458334 | shares |
CY2022Q1 | crym |
Common Stock In Exchange For Services
CommonStockInExchangeForServices
|
550000 | shares |
CY2022Q1 | crym |
Common Stock For Director Compensation
commonStockForDirectorCompensation
|
185529 | shares |
CY2022Q3 | crym |
Common Stock Shares
CommonStockShares
|
416667 | shares |
CY2022Q3 | crym |
Common Stock In Exchange For Services
CommonStockInExchangeForServices
|
1000000 | shares |
CY2022Q3 | crym |
Additionally Shares
AdditionallyShares
|
92127 | shares |
crym |
Share Exchange For Services
ShareExchangeForServices
|
125000 | shares | |
CY2022Q4 | crym |
Share Based Compensation Arrangement By Share Based Restricted Stock Payment Award Number
ShareBasedCompensationArrangementByShareBasedRestrictedStockPaymentAwardNumber
|
2200003 | shares |
CY2022Q4 | crym |
Share Based Compensation Arrangement By Share Based Payment Award Options Weighted Average Grant Date Fair Value Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsWeightedAverageGrantDateFairValueOutstandingNumber
|
0.45 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
2064386 | shares |
CY2022 | crym |
Share Based Compensation Arrangement By Share Based Payment Award Options Weighted Average Grant Date Fair Value Grant In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsWeightedAverageGrantDateFairValueGrantInPeriod
|
0.29 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
3442116 | shares |
CY2022 | crym |
Share Based Compensation Arrangement By Share Based Payment Award Option Vested Weighted Average Grants Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionVestedWeightedAverageGrantsDateFairValue
|
0.4 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
50000 | shares |
CY2022 | crym |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Weighted Averages Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedWeightedAveragesGrantDateFairValue
|
0.17 | |
CY2021Q4 | crym |
Share Based Compensation Arrangement By Share Based Restricted Stock Payment Award Number
ShareBasedCompensationArrangementByShareBasedRestrictedStockPaymentAwardNumber
|
772273 | shares |
CY2021Q4 | crym |
Share Based Compensation Arrangement By Share Based Payment Award Options Weighted Average Grant Date Fair Value Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsWeightedAverageGrantDateFairValueOutstandingNumber
|
0.3 | |
CY2022 | crym |
Fair Value Of Rs Us Vested
FairValueOfRSUsVested
|
1168600 | usd |
CY2021 | crym |
Fair Value Of Rs Us Vested
FairValueOfRSUsVested
|
2851102 | usd |
CY2022 | crym |
Unrecognized Stock Based Compensation
UnrecognizedStockBasedCompensation
|
132747 | usd |
CY2021 | crym |
Unrecognized Stock Based Compensation
UnrecognizedStockBasedCompensation
|
78676 | usd |
CY2022Q4 | us-gaap |
Shares Issued
SharesIssued
|
0 | shares |
CY2021Q4 | us-gaap |
Shares Issued
SharesIssued
|
5000000 | shares |
CY2022 | crym |
Total Fair Value
TotalFairValue
|
0 | usd |
CY2021 | crym |
Total Fair Value
TotalFairValue
|
968205 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
968205 | usd |
CY2021Q4 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
73950000 | shares |
CY2021 | us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
0.4 | |
CY2022 | crym |
Warrants
warrants
|
220500 | usd |
CY2022 | crym |
Exercised Per Share
exercisedPerShare
|
0.3 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-2193341 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-2202256 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-15527 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-0.0015 | pure |
CY2021 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
6511 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-0.0006 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
-433010 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
|
0.0415 | pure |
CY2022Q4 | crym |
Deferred Tax Assets Nol Federal Pre2018
DeferredTaxAssetsNOLFederalPre2018
|
43367 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
|
0 | pure |
CY2022 | crym |
Deferred Only Adjustment
DeferredOnlyAdjustment
|
-360713 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
|
0.0345 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
|
0 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
2984005 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.2857 | pure |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
1838803 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.1753 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
0 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
|
367177 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
-0.035 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-3203 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.0003 | pure |
CY2021 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
1 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
10235 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.001 | pure |
CY2021 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
10235 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.001 | pure |
CY2022 | crym |
Stock Compensation
StockCompensation
|
-122132 | usd |
CY2021 | crym |
Stock Compensation
StockCompensation
|
7335 | usd |
CY2022 | crym |
Stock Compensation Options
StockCompensationOptions
|
256288 | usd |
CY2021 | crym |
Stock Compensation Options
StockCompensationOptions
|
259057 | usd |
CY2021Q4 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
44384 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
|
73637 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
|
8033 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
53747 | usd |
CY2021Q4 | crym |
Deferred Tax Assets Customer Relationships
DeferredTaxAssetsCustomerRelationships
|
1947 | usd |
CY2021Q4 | crym |
Deferred Tax Assets Patent
DeferredTaxAssetsPatent
|
3589 | usd |
CY2022Q4 | crym |
Deferred Tax Assets In Process Research Development Cryo Cann
DeferredTaxAssetsInProcessResearchDevelopmentCryoCann
|
61490 | usd |
CY2021Q4 | crym |
Deferred Tax Assets In Process Research Development Cryo Cann
DeferredTaxAssetsInProcessResearchDevelopmentCryoCann
|
26376 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
179892 | usd |
CY2022 | crym |
In Process Research Development Cmi
InProcessResearchDevelopmentCMI
|
89619 | usd |
CY2021 | crym |
In Process Research Development Cmi
InProcessResearchDevelopmentCMI
|
98135 | usd |
CY2022Q4 | crym |
Deferred Tax Assets Net Goodwill Cryo Cann
DeferredTaxAssetsNetGoodwillCryoCann
|
-16862 | usd |
CY2021Q4 | crym |
Deferred Tax Assets Net Goodwill Cryo Cann
DeferredTaxAssetsNetGoodwillCryoCann
|
3490 | usd |
CY2021Q4 | crym |
Deferred Tax Assets Nol Federal Pre2018
DeferredTaxAssetsNOLFederalPre2018
|
43367 | usd |
CY2022Q4 | crym |
Deferred Tax Assets Nol Federal Post2017
DeferredTaxAssetsNOLFederalPost2017
|
5233548 | usd |
CY2021Q4 | crym |
Deferred Tax Assets Nol Federal Post2017
DeferredTaxAssetsNOLFederalPost2017
|
2097542 | usd |
CY2022 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
usd | |
CY2022 | us-gaap |
Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
|
usd | |
CY2022 | us-gaap |
Disposal Group Including Discontinued Operation Foreign Currency Translation Gains Losses
DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses
|
usd | |
CY2021 | us-gaap |
Disposal Group Including Discontinued Operation Foreign Currency Translation Gains Losses
DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses
|
usd | |
CY2022 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.05 | |
CY2021 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.06 | |
CY2022 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
||
CY2022 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
||
CY2021 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.02 | |
CY2022Q4 | crym |
Deferred Tax Assets Nol State
DeferredTaxAssetsNOLState
|
1086609 | usd |
CY2021Q4 | crym |
Deferred Tax Assets Nol State
DeferredTaxAssetsNOLState
|
608703 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
6690261 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
3244615 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
6693634 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3269776 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
3373 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
25161 | usd |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
25128168 | usd |
CY2021Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
10194806 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
|
24921659 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
31260334 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
16641692 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
6363524 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
2749613 | usd |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
6693634 | usd |
CY2021Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
3269776 | usd |
CY2022 | crym |
Other Lease Term
OtherLeaseTerm
|
P12M | |
CY2022 | crym |
Present Value Of Liabilities Increased Decreased By Business Acquisition
PresentValueOfLiabilitiesIncreasedDecreasedByBusinessAcquisition
|
0 | usd |
CY2021 | crym |
Present Value Of Liabilities Increased Decreased By Business Acquisition
PresentValueOfLiabilitiesIncreasedDecreasedByBusinessAcquisition
|
519671 | usd |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
0 | usd |
CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
664686 | usd |
CY2021Q4 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
usd | |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss Noncurrent
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLossNoncurrent
|
usd | |
CY2021 | us-gaap |
Gross Profit
GrossProfit
|
usd | |
CY2021 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
usd | |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Provision For Other Losses
ProvisionForOtherLosses
|
usd | |
CY2022 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
usd | |
CY2022 | crym |
Payoff Of Cryo Cann Loan Agreement At Closing
PayoffOfCryoCannLoanAgreementAtClosing
|
usd | |
CY2021 | us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
usd | |
CY2021 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | |
CY2022 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
usd | |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2022 | crym |
Repayment Of Notes Payable Related Parties
RepaymentOfNotesPayableRelatedParties
|
usd | |
CY2021 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
usd | |
CY2022 | us-gaap |
Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
|
usd | |
CY2022 | crym |
Repaymentofloanspayablecurrent
Repaymentofloanspayablecurrent
|
usd | |
CY2022 | crym |
Repayment Of Seller Note For Acquisition
RepaymentOfSellerNoteForAcquisition
|
usd | |
CY2022 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
usd | |
CY2022 | us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
usd | |
CY2022 | us-gaap |
Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
|
usd | |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2021 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2022 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
usd | |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
usd | |
CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
usd | |
CY2021 | crym |
Deferred Only Adjustment
DeferredOnlyAdjustment
|
usd | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
|
usd | |
CY2022Q4 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
usd | |
CY2022Q4 | crym |
Deferred Tax Assets Customer Relationships
DeferredTaxAssetsCustomerRelationships
|
usd | |
CY2022Q4 | crym |
Deferred Tax Assets Patent
DeferredTaxAssetsPatent
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
usd | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001533030 |