$CYAN
CYANOTECH CORP

2022 Q4 Form 10-Q Financial Statement

#000143774922026580 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $5.891M $5.179M
YoY Change -37.72% -45.02%
Cost Of Revenue $4.127M $3.389M
YoY Change -33.66% -40.09%
Gross Profit $1.764M $1.790M
YoY Change -45.52% -52.42%
Gross Profit Margin 29.94% 34.56%
Selling, General & Admin $2.062M $2.421M
YoY Change -18.5% -5.17%
% of Gross Profit 116.89% 135.25%
Research & Development $106.0K $206.0K
YoY Change -47.0% 62.2%
% of Gross Profit 6.01% 11.51%
Depreciation & Amortization $409.0K $417.0K
YoY Change 1.24% 4.77%
% of Gross Profit 23.19% 23.3%
Operating Expenses $2.168M $2.627M
YoY Change -20.59% -1.98%
Operating Profit -$404.0K -$837.0K
YoY Change -179.53% -177.36%
Interest Expense $186.0K $103.0K
YoY Change 60.34% 1.98%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$590.0K -$940.0K
YoY Change -250.51% -195.82%
Income Tax $8.000K $0.00
% Of Pretax Income
Net Earnings -$598.0K -$940.0K
YoY Change -254.92% -196.91%
Net Earnings / Revenue -10.15% -18.15%
Basic Earnings Per Share -$0.10 -$0.15
Diluted Earnings Per Share -$0.10 -$0.15
COMMON SHARES
Basic Shares Outstanding 6.272M 6.207M
Diluted Shares Outstanding 6.272M 6.228M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $513.0K $379.0K
YoY Change -77.68% -82.24%
Cash & Equivalents $513.0K $379.0K
Short-Term Investments
Other Short-Term Assets $284.0K $356.0K
YoY Change -3.07% 5.01%
Inventory $11.57M $12.09M
Prepaid Expenses
Receivables $2.156M $2.118M
Other Receivables $0.00 $0.00
Total Short-Term Assets $14.53M $14.94M
YoY Change -8.29% -2.72%
LONG-TERM ASSETS
Property, Plant & Equipment $11.69M $11.75M
YoY Change -2.04% -1.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $89.00K $92.00K
YoY Change -20.54% -22.03%
Total Long-Term Assets $15.25M $15.41M
YoY Change -1.39% -0.69%
TOTAL ASSETS
Total Short-Term Assets $14.53M $14.94M
Total Long-Term Assets $15.25M $15.41M
Total Assets $29.77M $30.35M
YoY Change -4.88% -1.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.031M $1.544M
YoY Change -54.68% -15.77%
Accrued Expenses $988.0K $1.078M
YoY Change -23.47% -13.76%
Deferred Revenue $97.00K $92.00K
YoY Change 16.87% -16.36%
Short-Term Debt $2.050M $1.300M
YoY Change 271.43%
Long-Term Debt Due $2.311M $1.577M
YoY Change 269.17% 45.88%
Total Short-Term Liabilities $4.670M $4.585M
YoY Change 0.28% -1.33%
LONG-TERM LIABILITIES
Long-Term Debt $4.166M $4.212M
YoY Change -5.32% -5.73%
Other Long-Term Liabilities $0.00 $5.000K
YoY Change -100.0% -79.17%
Total Long-Term Liabilities $4.166M $4.217M
YoY Change -5.75% -6.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.670M $4.585M
Total Long-Term Liabilities $4.166M $4.217M
Total Liabilities $12.04M $12.07M
YoY Change -0.54% -1.61%
SHAREHOLDERS EQUITY
Retained Earnings -$16.20M -$15.61M
YoY Change 11.98% 5.04%
Common Stock $125.0K $125.0K
YoY Change 0.81% 1.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.73M $18.29M
YoY Change
Total Liabilities & Shareholders Equity $29.77M $30.35M
YoY Change -4.88% -1.7%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$598.0K -$940.0K
YoY Change -254.92% -196.91%
Depreciation, Depletion And Amortization $409.0K $417.0K
YoY Change 1.24% 4.77%
Cash From Operating Activities -$223.0K -$1.161M
YoY Change -124.29% -150.83%
INVESTING ACTIVITIES
Capital Expenditures $328.0K -$314.0K
YoY Change -246.43% -10.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$328.0K -$314.0K
YoY Change 46.43% -10.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 685.0K 1.117M
YoY Change -229.25% -229.73%
NET CHANGE
Cash From Operating Activities -223.0K -1.161M
Cash From Investing Activities -328.0K -314.0K
Cash From Financing Activities 685.0K 1.117M
Net Change In Cash 134.0K -358.0K
YoY Change -18.29% -133.36%
FREE CASH FLOW
Cash From Operating Activities -$223.0K -$1.161M
Capital Expenditures $328.0K -$314.0K
Free Cash Flow -$551.0K -$847.0K
YoY Change -148.25% -132.16%

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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-197000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-134000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-826000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-992000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-334000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
406000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-72000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-14000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-220000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-147000 usd
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-9000 usd
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-8000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2460000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
426000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
690000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
521000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-690000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-521000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
1300000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-650000 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-500000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
350000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
349000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
39000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
940000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1538000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2210000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1633000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2589000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3767000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
379000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2134000 usd
us-gaap Interest Paid Net
InterestPaidNet
149000 usd
us-gaap Interest Paid Net
InterestPaidNet
180000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
28000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
379000 usd
CY2022Q3 cyan Working Capital Deficit
WorkingCapitalDeficit
10356000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2589000 usd
CY2022Q1 cyan Working Capital Deficit
WorkingCapitalDeficit
11443000 usd
CY2022Q3 cyan Long Term Debt And Capital Lease Obligations Current And Noncurrent
LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent
3588000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Use of Estimates</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:45pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of any contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the periods reported.  Management reviews these estimates and assumptions periodically and reflects the effect of revisions in the period that they are determined to be necessary.  Actual results could differ from those estimates and assumptions.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Concentration Risk</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:45pt;">A significant portion of revenue and accounts receivable are derived from a few major customers. For the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> September 30, 2022, </em>one customer individually accounted for 48% of the Company’s total net sales, and for the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> September 30, 2021, </em>two customers individually accounted for 28% and 21% of the Company’s total net sales. For the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> September 30, 2022, </em>two customers individually accounted for 35% and 10% of the Company’s total net sales, and for the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> September 30, 2021, </em>two customers individually accounted for 21% and 16% of the Company’s total net sales. <span style="-sec-ix-hidden:c90827323"><span style="-sec-ix-hidden:c90827324">Two</span></span> customers accounted for 76% and 63% of the Company’s accounts receivable balance as of <em style="font: inherit;"> September 30, 2022 </em>and <em style="font: inherit;"> March 31, 2022, </em>respectively.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
91000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
49000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5179000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9419000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11895000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18383000 usd
CY2022Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1843000 usd
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1490000 usd
CY2022Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
4461000 usd
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2868000 usd
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5349000 usd
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4595000 usd
CY2022Q3 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
435000 usd
CY2022Q1 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
513000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
12088000 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
9466000 usd
CY2022Q2 cyan Inventory Abnormal Production Costs
InventoryAbnormalProductionCosts
0 usd
CY2022Q3 cyan Non Inventoriable Fixed Costs
NonInventoriableFixedCosts
34000 usd
CY2021Q3 cyan Non Inventoriable Fixed Costs
NonInventoriableFixedCosts
32000 usd
cyan Non Inventoriable Fixed Costs
NonInventoriableFixedCosts
69000 usd
cyan Non Inventoriable Fixed Costs
NonInventoriableFixedCosts
36000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35680000 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35376000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
25164000 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
24339000 usd
CY2022Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
1231000 usd
CY2022Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
848000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11747000 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11885000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
417000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
398000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
834000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
798000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1577000 usd
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
490000 usd
CY2022Q3 cyan Longterm Debt Gross Excluding Current Maturities
LongtermDebtGrossExcludingCurrentMaturities
4311000 usd
CY2022Q1 cyan Longterm Debt Gross Excluding Current Maturities
LongtermDebtGrossExcludingCurrentMaturities
4448000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
99000 usd
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
112000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4212000 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
393000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3265000 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3386000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3559000 usd
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4336000 usd
CY2015Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
500000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
99000 usd
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
112000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
277000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
293000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1310000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
328000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
348000 usd
CY2022Q3 cyan Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
2032000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
4588000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y1M6D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.072 pure
us-gaap Operating Lease Expense
OperatingLeaseExpense
344000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
296000 usd
CY2022Q3 cyan Operating Lease Rightofuse Asset Before Accumulated Amortization
OperatingLeaseRightofuseAssetBeforeAccumulatedAmortization
4720000 usd
CY2022Q1 cyan Operating Lease Rightofuse Asset Before Accumulated Amortization
OperatingLeaseRightofuseAssetBeforeAccumulatedAmortization
4720000 usd
CY2022Q3 cyan Operating Lease Rightofuse Asset Accumulated Amortization
OperatingLeaseRightofuseAssetAccumulatedAmortization
1147000 usd
CY2022Q1 cyan Operating Lease Rightofuse Asset Accumulated Amortization
OperatingLeaseRightofuseAssetAccumulatedAmortization
933000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3573000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3787000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
294000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
3779000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
268000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
480000 usd
CY2022Q3 cyan Sharebased Compensation Arrangement By Sharebased Payment Award Number Of Shares Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardNumberOfSharesOutstanding
324896
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
465000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
439000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
437000 usd
CY2022Q3 cyan Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
3246000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5335000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1776000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3559000 usd
CY2022Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
232000 usd
CY2022Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
488000 usd
CY2022Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
225000 usd
CY2022Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
211000 usd
CY2022Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
414000 usd
CY2022Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
392000 usd
CY2022Q3 cyan Accrued Rent And Utilities Current
AccruedRentAndUtilitiesCurrent
58000 usd
CY2022Q1 cyan Accrued Rent And Utilities Current
AccruedRentAndUtilitiesCurrent
108000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
149000 usd
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
213000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1078000 usd
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1412000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1950000
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1103081
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
252500
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.34
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
159650 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
50000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.43
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
49500
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
5.80
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
253000
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.88
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
250 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
111333
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.90
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y1M6D
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
250 usd
CY2022Q3 us-gaap Share Price
SharePrice
2.16
CY2022Q1 us-gaap Share Price
SharePrice
3.37
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
141667
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.33
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
50000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.94
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
50000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
1.33
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
141667
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.55
cyan Sharebased Compensation Arrangement By Share Based Payment Award Weighted Average Grant Date Fair Value Optionsgranted
SharebasedCompensationArrangementByShareBasedPaymentAwardWeightedAverageGrantDateFairValueOptionsgranted
97000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.011 pure
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.010 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-940000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6228000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
970000 usd
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6130000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
9000
CY2021Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
970000 usd
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6139000
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Net Income Loss
NetIncomeLoss
-1412000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6216000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
us-gaap Net Income Loss
NetIncomeLoss
1491000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6124000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12000
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
1491000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6136000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24

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