2020 Q4 Form 10-K Financial Statement

#000151096421000012 Filed on March 19, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019
Revenue $5.199M $9.328M $53.70M
YoY Change -44.26% -34.42% 11.3%
Cost Of Revenue $2.978M $5.178M $18.61M
YoY Change -42.49% 5.39% 29.53%
Gross Profit $2.221M $4.150M $35.09M
YoY Change -46.48% -55.43% 3.57%
Gross Profit Margin 42.72% 44.49% 65.35%
Selling, General & Admin $11.41M $10.19M $46.45M
YoY Change 11.96% 75.86% 113.61%
% of Gross Profit 513.69% 245.54% 132.38%
Research & Development $1.303M $5.877M
YoY Change 71.51% 211.78%
% of Gross Profit 31.4% 16.75%
Depreciation & Amortization $243.0K $183.0K $716.0K
YoY Change 32.79% 27.68% 37.96%
% of Gross Profit 10.94% 4.41% 2.04%
Operating Expenses $11.69M $11.49M $52.33M
YoY Change 1.67% 75.35% 121.44%
Operating Profit -$9.464M -$7.343M -$17.24M
YoY Change 28.88% -366.4% -268.24%
Interest Expense -$9.000K $13.00K $15.00K
YoY Change -169.23% -598.08% -90.2%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$9.473M -$7.330M -$17.23M
YoY Change 29.24% -366.18% -270.65%
Income Tax -$179.0K -$644.0K -$615.0K
% Of Pretax Income
Net Earnings -$9.294M -$6.686M -$16.61M
YoY Change 39.01% -330.49% -266.08%
Net Earnings / Revenue -178.77% -71.68% -30.93%
Basic Earnings Per Share -$0.17
Diluted Earnings Per Share -$92.79K -$67.62K -$0.17
COMMON SHARES
Basic Shares Outstanding 100.0M shares 99.30M shares 97.86M shares
Diluted Shares Outstanding 97.86M shares

Balance Sheet

Concept 2020 Q4 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.024M $9.107M $9.107M
YoY Change -55.81% -28.2% -28.2%
Cash & Equivalents $4.024M $9.107M $9.107M
Short-Term Investments
Other Short-Term Assets $2.873M $11.11M $11.11M
YoY Change -74.15% 1799.49% 381.04%
Inventory $8.840M $9.971M $9.971M
Prepaid Expenses $2.372M $10.61M
Receivables $1.126M $2.177M $2.177M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.86M $32.37M $32.37M
YoY Change -47.9% 27.1% 27.1%
LONG-TERM ASSETS
Property, Plant & Equipment $2.877M $3.615M $12.32M
YoY Change -20.41% 27.11% 333.33%
Goodwill $2.788M $2.788M
YoY Change 0.0% 0.0%
Intangibles $3.730M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.310M $1.442M $1.442M
YoY Change -9.15% 146.5% -28.01%
Total Long-Term Assets $13.76M $20.32M $20.32M
YoY Change -32.27% 77.68% 77.68%
TOTAL ASSETS
Total Short-Term Assets $16.86M $32.37M $32.37M
Total Long-Term Assets $13.76M $20.32M $20.32M
Total Assets $30.63M $52.69M $52.69M
YoY Change -41.87% 42.78% 42.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.677M $1.617M $1.617M
YoY Change 3.71% 29.88% 29.88%
Accrued Expenses $9.805M $10.86M $11.58M
YoY Change -9.68% 306.14% 333.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $2.174M
YoY Change
Total Short-Term Liabilities $14.34M $13.20M $13.20M
YoY Change 8.64% 200.46% 200.46%
LONG-TERM LIABILITIES
Long-Term Debt $1.453M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $406.0K $9.923M
YoY Change -100.0% 646.65%
Total Long-Term Liabilities $1.453M $406.0K $9.923M
YoY Change 257.88% 646.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.34M $13.20M $13.20M
Total Long-Term Liabilities $1.453M $406.0K $9.923M
Total Liabilities $19.41M $23.54M $23.54M
YoY Change -17.53% 246.89% 246.89%
SHAREHOLDERS EQUITY
Retained Earnings -$63.92M -$41.64M
YoY Change 53.52% 66.37%
Common Stock $10.00K $10.00K
YoY Change 0.0% 11.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.21M $29.15M $29.15M
YoY Change
Total Liabilities & Shareholders Equity $30.63M $52.69M $52.69M
YoY Change -41.87% 42.78% 42.78%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$9.294M -$6.686M -$16.61M
YoY Change 39.01% -330.49% -266.08%
Depreciation, Depletion And Amortization $243.0K $183.0K $716.0K
YoY Change 32.79% 27.68% 37.96%
Cash From Operating Activities -$1.468M -$4.626M -$2.227M
YoY Change -68.27% -275.68% -117.73%
INVESTING ACTIVITIES
Capital Expenditures -$263.0K -$246.0K $1.147M
YoY Change 6.91% -69.99% 28.44%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$263.0K -$246.0K -$1.147M
YoY Change 6.91% -69.99% -7.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 192.0K 242.0K $47.00K
YoY Change -20.66% 117.92% -104.01%
NET CHANGE
Cash From Operating Activities -1.468M -4.626M -$2.227M
Cash From Investing Activities -263.0K -246.0K -$1.147M
Cash From Financing Activities 192.0K 242.0K $47.00K
Net Change In Cash -1.539M -4.630M -$3.327M
YoY Change -66.76% -340.57% -132.8%
FREE CASH FLOW
Cash From Operating Activities -$1.468M -$4.626M -$2.227M
Capital Expenditures -$263.0K -$246.0K $1.147M
Free Cash Flow -$1.205M -$4.380M -$3.374M
YoY Change -72.49% -226.85% -128.92%

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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9608000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12935000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4525000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9608000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
9000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
20000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
99000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
15000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
89000 USD
CY2020 cvsi Right Of Use Asset Foregone In Exchange For Reduction In Operating Lease Liability
RightOfUseAssetForegoneInExchangeForReductionInOperatingLeaseLiability
4704000 USD
CY2019 cvsi Right Of Use Asset Foregone In Exchange For Reduction In Operating Lease Liability
RightOfUseAssetForegoneInExchangeForReductionInOperatingLeaseLiability
0 USD
CY2020 cvsi Sale Of Property And Equipment In Exchange For Prepaid Expenses And Other And Inventory
SaleOfPropertyAndEquipmentInExchangeForPrepaidExpensesAndOtherAndInventory
675000 USD
CY2019 cvsi Sale Of Property And Equipment In Exchange For Prepaid Expenses And Other And Inventory
SaleOfPropertyAndEquipmentInExchangeForPrepaidExpensesAndOtherAndInventory
0 USD
CY2020 cvsi Purchase Of Insurance Through Issuance Of Note Payable
PurchaseOfInsuranceThroughIssuanceOfNotePayable
721000 USD
CY2019 cvsi Purchase Of Insurance Through Issuance Of Note Payable
PurchaseOfInsuranceThroughIssuanceOfNotePayable
0 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5405000 USD
CY2020 cvsi Recognitionof Equity Awardand Withholding Obligationand Receivable
RecognitionofEquityAwardandWithholdingObligationandReceivable
0 USD
CY2019 cvsi Recognitionof Equity Awardand Withholding Obligationand Receivable
RecognitionofEquityAwardandWithholdingObligationandReceivable
6409000 USD
CY2020 cvsi Cashless Exercise Of Stock Options
CashlessExerciseOfStockOptions
108000 USD
CY2019 cvsi Cashless Exercise Of Stock Options
CashlessExerciseOfStockOptions
39000 USD
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> – The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results may differ from these estimates. Significant estimates include the valuation of intangible assets, inputs for valuing equity awards, and assumptions related to revenue recognition.</span>
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> – As of December 31, 2020, the Federal Deposit Insurance Corporation (“FDIC”) provided insurance coverage of up to $0.3 million per depositor per bank. The Company has not experienced any losses in such accounts and does not believe that the Company is exposed to significant risks from excess deposits. The Company’s cash balance in excess of FDIC limits totaled $3.3 million as of December 31, 2020.</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The majority of the Company's raw materials purchases for the year ended December 31, 2019 were sourced from one supplier in Europe. During the year ended December 31, 2020 the Company added one additional domestic supplier. There was no concentration of accounts receivable or revenue as of and for the years ended December 31, 2020 and 2019.</span></div>
CY2020Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
3300000 USD
CY2020Q2 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
2900000 USD
CY2020Q4 us-gaap Cash
Cash
1600000 USD
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
2400000 USD
CY2019Q4 us-gaap Cash
Cash
5100000 USD
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
4000000.0 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4024000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9107000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
501000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
501000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4525000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9608000 USD
CY2020 cvsi Accounts Receivable Thresholdfor Determining Delinquent Account
AccountsReceivableThresholdforDeterminingDelinquentAccount
P30D
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
400000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24429000 USD
CY2020 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1.000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
53696000 USD
CY2019 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1.000
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
100000 USD
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
200000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
1300000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
2500000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4923000 USD
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4503000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
785000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
415000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3132000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5053000 USD
CY2020Q4 us-gaap Inventory Gross
InventoryGross
8840000 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
9971000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
300000 USD
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
200000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5269000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5170000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2392000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1555000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2700000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2877000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3615000 USD
CY2020 us-gaap Depreciation
Depreciation
800000 USD
CY2019 us-gaap Depreciation
Depreciation
700000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3907000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
177000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3730000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3907000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
141000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3766000 USD
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
36000 USD
CY2019 us-gaap Adjustment For Amortization
AdjustmentForAmortization
35000 USD
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
0 USD
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
8324000 USD
CY2019Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
8787000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1481000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2069000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9805000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10856000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3627000 USD
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2174000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1453000 USD
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2174000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1453000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3627000 USD
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
190000000 shares
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
190000000 shares
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
100664000 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
100664000 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
99416000 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
99416000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y3M18D
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4300000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.329
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.261
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.005
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y3M29D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y8M26D
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.36
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.92
cvsi Sharebased Compensation Arrangementby Sharebased Payment Award Numberof Peers Includedin Calculationof Expected Volatility
SharebasedCompensationArrangementbySharebasedPaymentAwardNumberofPeersIncludedinCalculationofExpectedVolatility
5 company
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065
CY2020 us-gaap Revenues
Revenues
24429000 USD
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25225000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
28105000 shares
CY2020Q4 cvsi Accrued Payroll Taxes Current Employee Portion
AccruedPayrollTaxesCurrentEmployeePortion
200000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3100000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4100000 USD
CY2020 us-gaap Lease Cost
LeaseCost
1000000.0 USD
CY2019 us-gaap Lease Cost
LeaseCost
1500000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1100000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
928000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
925000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
957000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
986000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
1015000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
85000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4896000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
749000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4147000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
680000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3467000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4147000 USD
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020 us-gaap Gross Profit
GrossProfit
11009000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2943000 USD
CY2020 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
30658000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-22592000 USD
CY2019 us-gaap Revenues
Revenues
53696000 USD
CY2019 us-gaap Gross Profit
GrossProfit
35088000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5877000 USD
CY2019 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
46451000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
-17240000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-52000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
29000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-52000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
29000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-640000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-264000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-265000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-644000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-317000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-615000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-4746000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3624000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1391000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1142000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.066
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
115000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.005
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
43000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.002
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
569000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.025
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-274000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.016
CY2020 cvsi Effective Income Tax Reconciliation Nondeductible Officer Compensation
EffectiveIncomeTaxReconciliationNondeductibleOfficerCompensation
0 USD
CY2020 cvsi Effective Income Tax Reconciliation Nondeductible Officer Compensation Percent
EffectiveIncomeTaxReconciliationNondeductibleOfficerCompensationPercent
0
CY2019 cvsi Effective Income Tax Reconciliation Nondeductible Officer Compensation
EffectiveIncomeTaxReconciliationNondeductibleOfficerCompensation
1242000 USD
CY2019 cvsi Effective Income Tax Reconciliation Nondeductible Officer Compensation Percent
EffectiveIncomeTaxReconciliationNondeductibleOfficerCompensationPercent
-0.072
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
242000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.011
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
320000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.019
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
769000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.036
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-241000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.014
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4609000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.204
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3701000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.215
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-317000 USD
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.013
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-615000 USD
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.036
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5876000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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918000 USD
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620000 USD
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756000 USD
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890000 USD
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6470000 USD
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6740000 USD
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61000 USD
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268000 USD
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1126000 USD
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383000 USD
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17482000 USD
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14394000 USD
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830000 USD
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2437000 USD
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396000 USD
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390000 USD
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1013000 USD
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1054000 USD
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29000 USD
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4053000 USD
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15371000 USD
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157000 USD
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421000 USD
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4600000 USD
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3700000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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0 USD
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0 USD
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47000 USD
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
119000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
166000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD

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