2024 Q2 Form 10-Q Financial Statement
#000142151724000093 Filed on May 01, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| Revenue | $27.20M | $12.09M |
| YoY Change | 31.25% | -9.78% |
| Cost Of Revenue | $9.633M | $4.955M |
| YoY Change | 34.16% | -5.55% |
| Gross Profit | $17.57M | $7.135M |
| YoY Change | 29.71% | -12.51% |
| Gross Profit Margin | 64.58% | 59.02% |
| Selling, General & Admin | $15.64M | $13.72M |
| YoY Change | 26.49% | 14.7% |
| % of Gross Profit | 89.01% | 192.26% |
| Research & Development | $3.944M | $4.351M |
| YoY Change | 4.67% | 1.05% |
| % of Gross Profit | 22.45% | 60.98% |
| Depreciation & Amortization | $1.012M | $1.029M |
| YoY Change | -2.32% | 4.68% |
| % of Gross Profit | 5.76% | 14.42% |
| Operating Expenses | $19.58M | $18.07M |
| YoY Change | 21.4% | 11.08% |
| Operating Profit | -$2.014M | -$10.93M |
| YoY Change | -22.12% | 34.8% |
| Interest Expense | $1.663M | $1.442M |
| YoY Change | 112.66% | 132.21% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $1.614M | $1.389M |
| YoY Change | -1380.95% | 111.74% |
| Pretax Income | -$400.0K | -$9.545M |
| YoY Change | -79.27% | 28.03% |
| Income Tax | $242.0K | -$1.285M |
| % Of Pretax Income | ||
| Net Earnings | -$642.0K | -$8.260M |
| YoY Change | -61.44% | 31.19% |
| Net Earnings / Revenue | -2.36% | -68.32% |
| Basic Earnings Per Share | -$0.01 | -$0.14 |
| Diluted Earnings Per Share | -$0.01 | -$0.14 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 57.33M shares | 57.08M shares |
| Diluted Shares Outstanding | 57.37M shares | 57.10M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $101.0M | $117.4M |
| YoY Change | 6.25% | 18.94% |
| Cash & Equivalents | $40.31M | $70.78M |
| Short-Term Investments | $60.70M | $46.58M |
| Other Short-Term Assets | $3.098M | $4.288M |
| YoY Change | -12.58% | 24.58% |
| Inventory | $33.66M | $31.67M |
| Prepaid Expenses | ||
| Receivables | $20.67M | $25.06M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $159.0M | $178.4M |
| YoY Change | 5.81% | 20.57% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $17.25M | $17.89M |
| YoY Change | -45.58% | -9.21% |
| Goodwill | $12.79M | $12.79M |
| YoY Change | 0.0% | 0.0% |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $37.02M | $12.14M |
| YoY Change | 1398.06% | 302.02% |
| Other Assets | $919.0K | $387.0K |
| YoY Change | -92.38% | 0.52% |
| Total Long-Term Assets | $90.01M | $65.89M |
| YoY Change | 51.58% | 9.78% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $159.0M | $178.4M |
| Total Long-Term Assets | $90.01M | $65.89M |
| Total Assets | $249.0M | $244.3M |
| YoY Change | 18.78% | 17.45% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $4.753M | $3.492M |
| YoY Change | 173.0% | 78.25% |
| Accrued Expenses | $11.07M | $9.207M |
| YoY Change | -1.7% | 3.18% |
| Deferred Revenue | $3.214M | $3.449M |
| YoY Change | 153.47% | 137.7% |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $20.03M | $17.14M |
| YoY Change | 31.87% | 29.43% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $86.00K | $132.0K |
| YoY Change | -99.32% | -48.03% |
| Total Long-Term Liabilities | $86.00K | $132.0K |
| YoY Change | -99.32% | -48.03% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $20.03M | $17.14M |
| Total Long-Term Liabilities | $86.00K | $132.0K |
| Total Liabilities | $30.53M | $28.23M |
| YoY Change | 9.46% | 6.67% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $73.75M | $74.40M |
| YoY Change | 38.66% | 35.62% |
| Common Stock | $66.00K | $65.00K |
| YoY Change | 1.54% | 1.56% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $218.5M | $216.0M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $249.0M | $244.3M |
| YoY Change | 18.78% | 17.45% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$642.0K | -$8.260M |
| YoY Change | -61.44% | 31.19% |
| Depreciation, Depletion And Amortization | $1.012M | $1.029M |
| YoY Change | -2.32% | 4.68% |
| Cash From Operating Activities | $8.073M | $6.497M |
| YoY Change | -295.28% | -24.95% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $201.0K | $824.0K |
| YoY Change | -64.74% | 318.27% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$38.64M | -$4.162M |
| YoY Change | 119.15% | -405.13% |
| Cash From Investing Activities | -$38.84M | -$4.986M |
| YoY Change | 113.39% | -527.25% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 312.0K | $1.190M |
| YoY Change | 45.79% | 621.21% |
| NET CHANGE | ||
| Cash From Operating Activities | 8.073M | $6.497M |
| Cash From Investing Activities | -38.84M | -$4.986M |
| Cash From Financing Activities | 312.0K | $1.190M |
| Net Change In Cash | -30.46M | $2.682M |
| YoY Change | 37.68% | -73.17% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $8.073M | $6.497M |
| Capital Expenditures | $201.0K | $824.0K |
| Free Cash Flow | $7.872M | $5.673M |
| YoY Change | -267.35% | -32.94% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P9M | |
| CY2024Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P1Y | |
| CY2024Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
4955000 | usd |
| CY2023Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
5246000 | usd |
| CY2024Q1 | us-gaap |
Gross Profit
GrossProfit
|
7135000 | usd |
| CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
8155000 | usd |
| CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7566000 | usd |
| CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7066000 | usd |
| CY2024Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
6152000 | usd |
| CY2023Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
4894000 | usd |
| CY2024Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4351000 | usd |
| CY2023Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4306000 | usd |
| CY2024Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
18069000 | usd |
| CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
16266000 | usd |
| CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-10934000 | usd |
| CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8111000 | usd |
| CY2024Q1 | us-gaap |
Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
|
1442000 | usd |
| CY2023Q1 | us-gaap |
Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
|
621000 | usd |
| CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-53000 | usd |
| CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
35000 | usd |
| CY2024Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1389000 | usd |
| CY2023Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
656000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9545000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-7455000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1285000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1159000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8260000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6296000 | usd |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.14 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.11 | |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
57102000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
57102000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
56228000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
56228000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
57102000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
56228000 | shares |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8260000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6296000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
28000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-17000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-44000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
95000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-16000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
78000 | usd |
| CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-8276000 | usd |
| CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-6218000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
216037000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
181503000 | usd |
| CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
57329402 | shares |
| CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
56342872 | shares |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8260000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6296000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3283000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2302000 | usd |
| CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1029000 | usd |
| CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
983000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
431000 | usd |
| CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
402000 | usd |
| CY2024Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
231000 | usd |
| CY2023Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
89000 | usd |
| CY2024Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-1328000 | usd |
| CY2023Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-1152000 | usd |
| CY2024Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-116000 | usd |
| CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-93000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-21882000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-22509000 | usd |
| CY2024Q1 | erii |
Increase Decrease In Costs In Excess Of Billings On Uncompleted Contracts Or Programs1
IncreaseDecreaseInCostsInExcessOfBillingsOnUncompletedContractsOrPrograms1
|
0 | usd |
| CY2023Q1 | erii |
Increase Decrease In Costs In Excess Of Billings On Uncompleted Contracts Or Programs1
IncreaseDecreaseInCostsInExcessOfBillingsOnUncompletedContractsOrPrograms1
|
593000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
5723000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
4855000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
545000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-187000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1140000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
920000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-7589000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-7156000 | usd |
| CY2024Q1 | erii |
Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
|
2292000 | usd |
| CY2023Q1 | erii |
Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
|
216000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
6497000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
8657000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
16534000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
15250000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
20783000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
13886000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
824000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
279000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
87000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
82000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4986000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
1167000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1190000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
165000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1190000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
165000 | usd |
| CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-19000 | usd |
| CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2682000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
9997000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
68225000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
56458000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
70907000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
66455000 | usd |
| CY2024Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
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<span style="color: #7d560b; font-family: Arial Narrow; font-size: 14pt; font-style: normal; font-weight: bold; left: 102.41pt; position: var(--position); text-decoration: none; white-space: pre;">Description of Business and Significant Accounting Policies<span style="display: inline-block; height: 10.19pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 136.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 457.23pt;">Energy Recovery, Inc. and its wholly-owned subsidiaries (the “Company” or “Energy Recovery”) designs and manufactures <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 533.73pt; position: var(--position); text-decoration: none; white-space: pre; width: 28.7pt;">reliable,<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.4300000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 148.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 512.86pt;">high-performance solutions that provide cost savings through improved energy efficiency in commercial and industrial processes, with<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.36pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 160.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 138.75pt;">applications across several industries<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 188.25pt; position: var(--position); text-decoration: none; white-space: pre; width: 111.59pt;">. Leveraging the Company’s <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 299.84000000000003pt; position: var(--position); text-decoration: none; white-space: pre; width: 262.66pt;">pressure exchanger technology, which generates little to no emissions<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 172.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 56.14pt;">when operating<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 105.64pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;">,<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 107.92pt; position: var(--position); text-decoration: none; white-space: pre; width: 96.61pt;"> the Company believes its <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 204.53pt; position: var(--position); text-decoration: none; white-space: pre; width: 234.11pt;">solutions lower costs, save energy, reduce waste, and minimize <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 438.64pt; position: var(--position); text-decoration: none; white-space: pre; width: 41.1pt;">emissions f<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 479.74pt; position: var(--position); text-decoration: none; white-space: pre; width: 82.74pt;">or companies across a<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.48pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 184.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 170.37pt;">variety of commercial and industrial processes<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 219.87pt; position: var(--position); text-decoration: none; white-space: pre; width: 7.74pt;">. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 227.61pt; position: var(--position); text-decoration: none; white-space: pre; width: 334.89pt;">As the world coalesces around the urgent need to address climate change and its impacts,<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 196.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 64.61pt;">the Company is <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 114.11pt; position: var(--position); text-decoration: none; white-space: pre; width: 448.34pt;">helping companies reduce their energy consumption in their industrial processes, which in turn, reduces their carbon<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.45pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 208.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 31.9pt;">footprint.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 81.4pt; position: var(--position); text-decoration: none; white-space: pre; width: 121.53pt;"> The Company believes that its <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 202.93pt; position: var(--position); text-decoration: none; white-space: pre; width: 298.33pt;">customers do not have to sacrifice quality and cost savings for sustainability and<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 501.26pt; position: var(--position); text-decoration: none; white-space: pre; width: 61.13pt;"> the Company is<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 220.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 355.9pt;">committed to developing solutions that drive long-term value – both financial and environmental<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 405.4pt; position: var(--position); text-decoration: none; white-space: pre; width: 156.95pt;">. The Company’s solutions are marketed,<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.35pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 232.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 512.98pt;">sold in, and developed for, the fluid-flow and gas markets, such as seawater and wastewater desalination, natural gas, chemical processing<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.48pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 244.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 28.71pt;">and CO<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 78.21000000000001pt; position: var(--position); text-decoration: none; top: 2.548pt; vertical-align: sub; white-space: pre; width: 2.96pt;">2<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 81.17pt; position: var(--position); text-decoration: none; white-space: pre; width: 190.92pt;">-based refrigeration systems, under the trademarks <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 272.09000000000003pt; position: var(--position); text-decoration: none; white-space: pre; width: 13.65pt;">ERI<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 285.74pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre; width: 3.92pt;">®<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 289.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre; width: 5.02pt;">, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 294.68pt; position: var(--position); text-decoration: none; white-space: pre; width: 10.92pt;">PX<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 305.6pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre; width: 3.92pt;">®<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 309.52pt; position: var(--position); text-decoration: none; white-space: pre; width: 5.02pt;">, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 314.54pt; position: var(--position); text-decoration: none; white-space: pre; width: 74.7pt;">Pressure Exchanger<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 389.24pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre; width: 3.92pt;">®<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 393.16pt; position: var(--position); text-decoration: none; white-space: pre; width: 5.02pt;">, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 398.18pt; position: var(--position); text-decoration: none; white-space: pre; width: 10.92pt;">PX<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 409.1pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre; width: 3.92pt;">®<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 413.02pt; position: var(--position); text-decoration: none; white-space: pre; width: 77.44pt;"> Pressure Exchanger<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 490.46pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre; width: 3.92pt;">®<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 494.38pt; position: var(--position); text-decoration: none; white-space: pre; width: 29.56pt;"> (“PX”), <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 523.94pt; position: var(--position); text-decoration: none; white-space: pre; width: 30.95pt;">Ultra PX<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 554.89pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre; width: 5.32pt;">™<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 560.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;">,<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.49pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 256.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 19.67pt;">PX G<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 69.17pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre; width: 5.32pt;">™<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 74.49pt; position: var(--position); text-decoration: none; white-space: pre; width: 4.65pt;">, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 79.14pt; position: var(--position); text-decoration: none; white-space: pre; width: 37.91pt;">PX G1300<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 117.05pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre; width: 5.32pt;">™<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 122.37pt; position: var(--position); text-decoration: none; white-space: pre; width: 4.65pt;">, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 127.02pt; position: var(--position); text-decoration: none; white-space: pre; width: 55.16pt;">PX PowerTrain<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 182.18pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre; width: 5.32pt;">™<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 187.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 4.65pt;">, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 192.15pt; position: var(--position); text-decoration: none; white-space: pre; width: 10.46pt;">AT<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 202.61pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre; width: 5.32pt;">™<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 207.93pt; position: var(--position); text-decoration: none; white-space: pre; width: 20.7pt;">, and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 228.63pt; position: var(--position); text-decoration: none; white-space: pre; width: 34.64pt;">Aquabold<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 263.27pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre; width: 5.32pt;">™<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 268.59000000000003pt; position: var(--position); text-decoration: none; white-space: pre; width: 293.72pt;">. The Company owns, manufactures and/or develops its solutions, in whole or in<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.31pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 268.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 27.34pt;">part, in <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.84pt; position: var(--position); text-decoration: none; white-space: pre; width: 147.11pt;">the United States of America (the “U.S.”)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 223.95pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><span style="color: #7d560b; font-family: Arial Narrow; font-size: 12pt; font-style: normal; font-weight: bold; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre;">Basis of Presentation<span style="display: inline-block; height: 8.73pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 324pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 14.12pt;">The<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 90.62pt; position: var(--position); text-decoration: none; white-space: pre; width: 46.93pt;"> Condensed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 137.55pt; position: var(--position); text-decoration: none; white-space: pre; width: 424.81pt;">Consolidated Financial Statements include the accounts of Energy Recovery, Inc. and its wholly-owned subsidiaries.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.36pt; position: var(--position); text-decoration: none; white-space: pre; width: 4.56pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 336pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 299.44pt;">All intercompany accounts and transactions have been eliminated in consolidation.<span style="display: inline-block; height: 7.28pt;"></span></span></div><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 69.87pt;">The accompanying<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 146.37pt; position: var(--position); text-decoration: none; white-space: pre; width: 47.69pt;"> Condensed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 194.06pt; position: var(--position); text-decoration: none; white-space: pre; width: 368.3pt;">Consolidated Financial Statements have been prepared pursuant to the rules and regulations of the<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.36pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 372pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 159.7pt;">Securities and Exchange Commission (the “<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 209.2pt; position: var(--position); text-decoration: none; white-space: pre; width: 16.83pt;">SEC<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 226.03pt; position: var(--position); text-decoration: none; white-space: pre; width: 336.44pt;">”). Certain information and footnote disclosures normally included in the financial statements<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.47pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 384pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 105.53pt;">prepared in accordance with <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 155.03pt; position: var(--position); text-decoration: none; white-space: pre; width: 15.93pt;">U.S.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 170.95999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.35pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 173.31pt; position: var(--position); text-decoration: none; white-space: pre; width: 147.87pt;">generally accepted accounting principles<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 321.18pt; position: var(--position); text-decoration: none; white-space: pre; width: 7.79pt;"> (“<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 328.97pt; position: var(--position); text-decoration: none; white-space: pre; width: 22.76pt;">GAAP<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 351.73pt; position: var(--position); text-decoration: none; white-space: pre; width: 210.72pt;">”) have been condensed or omitted pursuant to such rules<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.45pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 396pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 58.86pt;">and regulations.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 108.36pt; position: var(--position); text-decoration: none; white-space: pre; width: 22.52pt;"> The <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 130.88pt; position: var(--position); text-decoration: none; white-space: pre; width: 73.04pt;">December 31, 2023<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 203.92pt; position: var(--position); text-decoration: none; white-space: pre; width: 47.53pt;"> Condensed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 251.45pt; position: var(--position); text-decoration: none; white-space: pre; width: 310.99pt;">Consolidated Balance Sheet was derived from audited financial statements and may<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.44pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 408pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 512.86pt;">not include all disclosures required by GAAP; however, the Company believes that the disclosures are adequate to make the information<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.36pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 420pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 93.89pt;">presented not misleading.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 444pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 18.43pt;">The <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 94.93pt; position: var(--position); text-decoration: none; white-space: pre; width: 61.03pt;">March 31, 2024<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 155.95999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 40.33pt;"> unaudited<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 196.29000000000002pt; position: var(--position); text-decoration: none; white-space: pre; width: 50.55pt;"> Condensed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 246.84pt; position: var(--position); text-decoration: none; white-space: pre; width: 315.63pt;">Consolidated Financial Statements should be read in conjunction with the audited<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.47pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 456pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 308.72pt;">Consolidated Financial Statements and the notes thereto for the fiscal year ended <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 358.22pt; position: var(--position); text-decoration: none; white-space: pre; width: 73.7pt;">December 31, 2023<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 431.92pt; position: var(--position); text-decoration: none; white-space: pre; width: 130.49pt;"> included in the Company’s Annual<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.41pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 468pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 157.6pt;">Report on Form 10-K filed with the SEC on <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 207.1pt; position: var(--position); text-decoration: none; white-space: pre; width: 66.98pt;">February 21, 2024<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 274.08000000000004pt; position: var(--position); text-decoration: none; white-space: pre; width: 21.4pt;"> (the “<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 295.48pt; position: var(--position); text-decoration: none; white-space: pre; width: 72.91pt;">2023 Annual Report<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 368.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 7.72pt;">”).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 492pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 485.93pt;">All adjustments consisting of normal recurring adjustments that are necessary to present fairly the financial position, results of<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.4300000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 504pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 512.94pt;">operations and cash flows for the interim periods have been made. The results of operations for the interim periods are not necessarily<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.44pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 274.78pt;">indicative of the operating results for the full fiscal year or any future periods<span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #7d560b; font-family: Arial Narrow; font-size: 12pt; font-style: normal; font-weight: bold; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre;">Use of Estimates<span style="display: inline-block; height: 8.73pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 566.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 67.32pt;">The preparation of<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.82pt; position: var(--position); text-decoration: none; white-space: pre; width: 46.83pt;"> Condensed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 190.65pt; position: var(--position); text-decoration: none; white-space: pre; width: 197.86pt;">Consolidated Financial Statements, in conformity with <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 388.51pt; position: var(--position); text-decoration: none; white-space: pre; width: 22.76pt;">GAAP<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 411.27pt; position: var(--position); text-decoration: none; white-space: pre; width: 151.23pt;">, requires the Company’s management to<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 578.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 317.91pt;">make judgments, assumptions and estimates that affect the amounts reported in the<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 367.41pt; position: var(--position); text-decoration: none; white-space: pre; width: 48.85pt;"> Condensed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 416.26pt; position: var(--position); text-decoration: none; white-space: pre; width: 146.18pt;">Consolidated Financial Statements and<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.44pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 590.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 77.49pt;">accompanying notes.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 614.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 485.93pt;">The accounting policies that reflect the Company’s significant estimates and judgments and that the Company believes are the most<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.4300000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 626.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 313.05pt;">critical to aid in fully understanding and evaluating its reported financial results are <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 362.55pt; position: var(--position); text-decoration: none; white-space: pre; width: 199.84pt;">revenue recognition; granted equity award valuations;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 638.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 512.93pt;">equipment useful life and valuation; goodwill valuation and impairment; deferred taxes and valuation allowances on deferred tax assets; and<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.43pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 650.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 171.08pt;">evaluation and measurement of contingencies<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 220.58pt; position: var(--position); text-decoration: none; white-space: pre; width: 5.51pt;">. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 226.09pt; position: var(--position); text-decoration: none; white-space: pre; width: 336.39pt;"> Those estimates could change, and as a result, actual results could differ materially from<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.48pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 662.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 59.71pt;">those estimates.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 686.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 485.89pt;">The Company is not aware of any specific event or circumstance that would require an update to its estimates or judgments or a<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 698.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 217.24pt;">revision of the carrying value of its assets or liabilities as of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 266.74pt; position: var(--position); text-decoration: none; white-space: pre; width: 45.49pt;">May 1, 2024<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 312.23pt; position: var(--position); text-decoration: none; white-space: pre; width: 105.66pt;">, the date of issuance of this <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 417.89pt; position: var(--position); text-decoration: none; white-space: pre; width: 33.7pt;">Quarterly<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 451.59pt; position: var(--position); text-decoration: none; white-space: pre; width: 62.66pt;"> Report on Form <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 514.25pt; position: var(--position); text-decoration: none; white-space: pre; width: 18.22pt;">10-Q<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 532.47pt; position: var(--position); text-decoration: none; white-space: pre; width: 29.98pt;">. These<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.45pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 710.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 512.89pt;">estimates may change, as new events occur and additional information is obtained. Actual results could differ materially from these<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 722.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 512.89pt;">estimates under different assumptions or conditions. The Company undertakes no obligation to publicly update these estimates for any<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 734.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 102.1pt;">reason after the date of this <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 151.6pt; position: var(--position); text-decoration: none; white-space: pre; width: 33.7pt;">Quarterly<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 185.3pt; position: var(--position); text-decoration: none; white-space: pre; width: 61.94pt;"> Report on Form <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 247.24pt; position: var(--position); text-decoration: none; white-space: pre; width: 18.22pt;">10-Q<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 265.46000000000004pt; position: var(--position); text-decoration: none; white-space: pre; width: 99.79pt;">, except as required by law.<span style="display: inline-block; height: 7.28pt;"></span></span></div><span style="color: #7d560b; font-family: Arial Narrow; font-size: 12pt; font-style: normal; font-weight: bold; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre;">Significant Accounting Policies<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 379.79pt;">There have been no material changes to the Company’s significant accounting policies in Note 1, “<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 456.29pt; position: var(--position); text-decoration: none; white-space: pre; width: 106.2pt;">Description of Business and<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.49pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 128.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 111.18pt;">Significant Accounting Policies<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 160.68pt; position: var(--position); text-decoration: none; white-space: pre; width: 7.28pt;"> - <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 167.95999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 111.18pt;">Significant Accounting Policies<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 279.14pt; position: var(--position); text-decoration: none; white-space: pre; width: 30.08pt;">,” of the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 309.22pt; position: var(--position); text-decoration: none; white-space: pre; width: 72.91pt;">2023 Annual Report<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 382.13pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><span style="color: #7d560b; font-family: Arial Narrow; font-size: 12pt; font-style: normal; font-weight: bold; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre;">Recently Issued Accounting Pronouncement Not Yet Adopted<span style="display: inline-block; height: 8.73pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 178.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 144.8pt;">There have been no issued accounting<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 221.3pt; position: var(--position); text-decoration: none; white-space: pre; width: 226.73pt;"> pronouncements that have not yet been adopted during the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 448.03pt; position: var(--position); text-decoration: none; white-space: pre; width: 74.33pt;">three months ended<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 522.36pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.98pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 525.3399999999999pt; position: var(--position); text-decoration: none; white-space: pre; width: 37.15pt;">March 31,<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.49pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 190.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 18.24pt;">2024<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 67.74pt; position: var(--position); text-decoration: none; white-space: pre; width: 105.68pt;"> that apply to the Company <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 173.42000000000002pt; position: var(--position); text-decoration: none; white-space: pre; width: 199.98pt;">other than the pronouncements disclosed in Note 1, “<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 373.4pt; position: var(--position); text-decoration: none; white-space: pre; width: 189.05pt;">Description of Business and Significant Accounting<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.45pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 202.8pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 28.24pt;">Policies<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 77.74pt; position: var(--position); text-decoration: none; white-space: pre; width: 7.28pt;"> - <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 85.02000000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 223.75pt;">Recently Issued Accounting Pronouncement Not Yet Adopted<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 308.77pt; position: var(--position); text-decoration: none; white-space: pre; width: 30.08pt;">,” of the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 338.85pt; position: var(--position); text-decoration: none; white-space: pre; width: 72.91pt;">2023 Annual Report<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 411.76pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div> | |
| CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 67.32pt;">The preparation of<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.82pt; position: var(--position); text-decoration: none; white-space: pre; width: 46.83pt;"> Condensed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 190.65pt; position: var(--position); text-decoration: none; white-space: pre; width: 197.86pt;">Consolidated Financial Statements, in conformity with <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 388.51pt; position: var(--position); text-decoration: none; white-space: pre; width: 22.76pt;">GAAP<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 411.27pt; position: var(--position); text-decoration: none; white-space: pre; width: 151.23pt;">, requires the Company’s management to<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 578.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 317.91pt;">make judgments, assumptions and estimates that affect the amounts reported in the<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 367.41pt; position: var(--position); text-decoration: none; white-space: pre; width: 48.85pt;"> Condensed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 416.26pt; position: var(--position); text-decoration: none; white-space: pre; width: 146.18pt;">Consolidated Financial Statements and<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.44pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 590.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 77.49pt;">accompanying notes.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 614.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 485.93pt;">The accounting policies that reflect the Company’s significant estimates and judgments and that the Company believes are the most<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.4300000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 626.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 313.05pt;">critical to aid in fully understanding and evaluating its reported financial results are <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 362.55pt; position: var(--position); text-decoration: none; white-space: pre; width: 199.84pt;">revenue recognition; granted equity award valuations;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 638.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 512.93pt;">equipment useful life and valuation; goodwill valuation and impairment; deferred taxes and valuation allowances on deferred tax assets; and<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.43pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 650.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 171.08pt;">evaluation and measurement of contingencies<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 220.58pt; position: var(--position); text-decoration: none; white-space: pre; width: 5.51pt;">. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 226.09pt; position: var(--position); text-decoration: none; white-space: pre; width: 336.39pt;"> Those estimates could change, and as a result, actual results could differ materially from<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.48pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 662.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 59.71pt;">those estimates.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 686.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 485.89pt;">The Company is not aware of any specific event or circumstance that would require an update to its estimates or judgments or a<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 698.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 217.24pt;">revision of the carrying value of its assets or liabilities as of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 266.74pt; position: var(--position); text-decoration: none; white-space: pre; width: 45.49pt;">May 1, 2024<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 312.23pt; position: var(--position); text-decoration: none; white-space: pre; width: 105.66pt;">, the date of issuance of this <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 417.89pt; position: var(--position); text-decoration: none; white-space: pre; width: 33.7pt;">Quarterly<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 451.59pt; position: var(--position); text-decoration: none; white-space: pre; width: 62.66pt;"> Report on Form <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 514.25pt; position: var(--position); text-decoration: none; white-space: pre; width: 18.22pt;">10-Q<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 532.47pt; position: var(--position); text-decoration: none; white-space: pre; width: 29.98pt;">. These<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.45pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 710.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 512.89pt;">estimates may change, as new events occur and additional information is obtained. Actual results could differ materially from these<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 722.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 512.89pt;">estimates under different assumptions or conditions. The Company undertakes no obligation to publicly update these estimates for any<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 562.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.28pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 734.4pt; width: 612pt;"><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 49.5pt; position: var(--position); text-decoration: none; white-space: pre; width: 102.1pt;">reason after the date of this <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 151.6pt; position: var(--position); text-decoration: none; white-space: pre; width: 33.7pt;">Quarterly<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 185.3pt; position: var(--position); text-decoration: none; white-space: pre; width: 61.94pt;"> Report on Form <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 247.24pt; position: var(--position); text-decoration: none; white-space: pre; width: 18.22pt;">10-Q<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: Arial Narrow; font-size: 10pt; font-style: normal; font-weight: normal; left: 265.46000000000004pt; position: var(--position); text-decoration: none; white-space: pre; width: 99.79pt;">, except as required by law.<span style="display: inline-block; height: 7.28pt;"></span></span></div> | |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
12090000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
13401000 | usd |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
12090000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
13401000 | usd |
| CY2024Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
25055000 | usd |
| CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
46937000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
592000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
592000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
3449000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
1097000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
30000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
90000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
3479000 | usd |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.14 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.11 | |
| CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1187000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1187000 | usd |
| CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1316000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
1038000 | usd |
| CY2023 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
1254000 | usd |
| CY2024Q1 | erii |
Contract With Customer Liability Increase Decrease From Cash Receipts
ContractWithCustomerLiabilityIncreaseDecreaseFromCashReceipts
|
3330000 | usd |
| CY2023 | erii |
Contract With Customer Liability Increase Decrease From Cash Receipts
ContractWithCustomerLiabilityIncreaseDecreaseFromCashReceipts
|
1125000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
3479000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1187000 | usd |
| CY2024Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
6021000 | usd |
| CY2024Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
840000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8260000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6296000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
57102000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
57102000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
56228000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
56228000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | |
| CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3286000 | shares |
| CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2652000 | shares |
| CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
70781000 | usd |
| CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
68098000 | usd |
| CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
66332000 | usd |
| CY2024Q1 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
126000 | usd |
| CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
127000 | usd |
| CY2023Q1 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
123000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
70907000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
68225000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
66455000 | usd |
| CY2024Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
25193000 | usd |
| CY2023Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
47075000 | usd |
| CY2024Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
138000 | usd |
| CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
138000 | usd |
| CY2024Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
25055000 | usd |
| CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
46937000 | usd |
| CY2024Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
8883000 | usd |
| CY2023Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
8752000 | usd |
| CY2024Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
7507000 | usd |
| CY2023Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
5234000 | usd |
| CY2024Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
16579000 | usd |
| CY2023Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
13319000 | usd |
| CY2024Q1 | us-gaap |
Inventory Gross
InventoryGross
|
32969000 | usd |
| CY2023Q4 | us-gaap |
Inventory Gross
InventoryGross
|
27305000 | usd |
| CY2024Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
1298000 | usd |
| CY2023Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
1156000 | usd |
| CY2024Q1 | us-gaap |
Inventory Net
InventoryNet
|
31671000 | usd |
| CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
26149000 | usd |
| CY2024Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
4577000 | usd |
| CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
11037000 | usd |
| CY2024Q1 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
989000 | usd |
| CY2023Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
1057000 | usd |
| CY2024Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
1083000 | usd |
| CY2023Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
1077000 | usd |
| CY2024Q1 | erii |
Other Accrued Expenses And Current Liabilities
OtherAccruedExpensesAndCurrentLiabilities
|
1693000 | usd |
| CY2023Q4 | erii |
Other Accrued Expenses And Current Liabilities
OtherAccruedExpensesAndCurrentLiabilities
|
2412000 | usd |
| CY2024Q1 | erii |
Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
|
8342000 | usd |
| CY2023Q4 | erii |
Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
|
15583000 | usd |
| CY2024Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
132000 | usd |
| CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
207000 | usd |
| CY2024Q1 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
8474000 | usd |
| CY2023Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
15790000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
84002000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
3000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
58000 | usd |
| CY2024Q1 | us-gaap |
Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
|
83947000 | usd |
| CY2023Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
73042000 | usd |
| CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
40000 | usd |
| CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
38000 | usd |
| CY2023Q4 | us-gaap |
Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
|
73044000 | usd |
| CY2024Q1 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
52034000 | usd |
| CY2024Q1 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
58000 | usd |
| CY2023Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
31163000 | usd |
| CY2023Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
38000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1285000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1159000 | usd |
| CY2024Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
|
76000 | usd |
| CY2023Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
|
488000 | usd |
| CY2024Q1 | erii |
Income Tax Expense Benefit Excluding Discrete Items
IncomeTaxExpenseBenefitExcludingDiscreteItems
|
-1209000 | usd |
| CY2023Q1 | erii |
Income Tax Expense Benefit Excluding Discrete Items
IncomeTaxExpenseBenefitExcludingDiscreteItems
|
-671000 | usd |
| CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.135 | |
| CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.155 | |
| CY2024Q1 | erii |
Effective Income Tax Rate Reconciliation Excluding Discrete Tax Income Tax Items Percent
EffectiveIncomeTaxRateReconciliationExcludingDiscreteTaxIncomeTaxItemsPercent
|
0.127 | |
| CY2023Q1 | erii |
Effective Income Tax Rate Reconciliation Excluding Discrete Tax Income Tax Items Percent
EffectiveIncomeTaxRateReconciliationExcludingDiscreteTaxIncomeTaxItemsPercent
|
0.090 | |
| CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-10934000 | usd |
| CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8111000 | usd |
