$FALC
FALCONSTOR SOFTWARE INC

2022 Q3 Form 10-Q Financial Statement

#000162828022020667 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $3.059M $2.394M $2.049M
YoY Change -6.83% -26.53% -46.48%
Cost Of Revenue $380.1K $398.4K $415.3K
YoY Change -14.06% -9.6% -36.01%
Gross Profit $2.679M $1.996M $1.634M
YoY Change -5.71% -29.17% -48.61%
Gross Profit Margin 87.57% 83.36% 79.73%
Selling, General & Admin $1.715M $1.849M $2.040M
YoY Change -23.62% -3.61% -8.71%
% of Gross Profit 64.0% 92.62% 124.85%
Research & Development $581.9K $655.5K $706.0K
YoY Change -18.18% -0.85% 6.98%
% of Gross Profit 21.72% 32.84% 43.21%
Depreciation & Amortization $11.20K $15.59K $35.52K
YoY Change -62.45% -49.5% -38.21%
% of Gross Profit 0.42% 0.78% 2.17%
Operating Expenses $2.296M $2.504M $2.747M
YoY Change -3.99% -16.55% -14.08%
Operating Profit $382.6K -$508.2K -$1.113M
YoY Change -14.84% 178.12% 6279.63%
Interest Expense -$111.4K -$201.2K -$118.0K
YoY Change 91.21% 13.74% -58.4%
% of Operating Profit -29.12%
Other Income/Expense, Net -$111.4K -$201.2K -$118.0K
YoY Change 91.22% 13.74% -58.4%
Pretax Income $271.2K -$709.4K -$1.231M
YoY Change -30.64% 97.25% -371.72%
Income Tax $49.80K $221.8K -$121.3K
% Of Pretax Income 18.37%
Net Earnings $221.4K -$931.2K -$1.109M
YoY Change -40.88% 157.03% -371.72%
Net Earnings / Revenue 7.24% -38.89% -54.14%
Basic Earnings Per Share -$0.03 -$0.18 -$0.20
Diluted Earnings Per Share -$0.03 -$0.18 -$0.20
COMMON SHARES
Basic Shares Outstanding 7.112M shares 7.091M shares 7.082M shares
Diluted Shares Outstanding 7.112M 7.091M shares 7.082M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.666M $1.808M $3.382M
YoY Change -52.05% -51.68% 67.33%
Cash & Equivalents $1.700M $1.800M $3.400M
Short-Term Investments
Other Short-Term Assets $885.7K $1.074M $1.264M
YoY Change -42.38% -29.03% -38.72%
Inventory $0.00 $0.00 $0.00
Prepaid Expenses
Receivables $2.300M $1.600M $800.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.114M $4.836M $5.898M
YoY Change -31.65% -37.89% -20.66%
LONG-TERM ASSETS
Property, Plant & Equipment $95.80K $110.3K $128.2K
YoY Change -50.37% -40.87% -34.8%
Goodwill $4.150M $4.150M $4.150M
YoY Change 0.0% 0.0% 0.0%
Intangibles $27.44K $35.35K $40.83K
YoY Change -57.33% -54.97% -51.43%
Long-Term Investments
YoY Change
Other Assets $97.21K $98.77K $99.83K
YoY Change -15.34% -20.7% -88.43%
Total Long-Term Assets $4.952M $5.010M $5.044M
YoY Change -4.41% -4.95% -16.14%
TOTAL ASSETS
Total Short-Term Assets $5.114M $4.836M $5.898M
Total Long-Term Assets $4.952M $5.010M $5.044M
Total Assets $10.07M $9.846M $10.94M
YoY Change -20.51% -24.59% -18.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $450.3K $468.4K $638.6K
YoY Change 34.37% -19.05% -30.4%
Accrued Expenses $1.356M $1.107M $801.8K
YoY Change 33.08% -37.73% -66.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.361M $5.222M $5.564M
YoY Change 4.08% -20.63% -49.76%
LONG-TERM LIABILITIES
Long-Term Debt $2.164M $2.160M $2.156M
YoY Change 0.64% 0.63%
Other Long-Term Liabilities $954.2K $957.5K $957.9K
YoY Change 49.77% 50.0% 37.17%
Total Long-Term Liabilities $954.2K $957.5K $957.9K
YoY Change 49.77% 50.0% 37.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.361M $5.222M $5.564M
Total Long-Term Liabilities $954.2K $957.5K $957.9K
Total Liabilities $10.26M $10.30M $10.59M
YoY Change 1.73% -12.89% -27.46%
SHAREHOLDERS EQUITY
Retained Earnings -$125.3M -$125.5M -$124.6M
YoY Change 2.45% 2.32% 1.85%
Common Stock $7.112K $7.112K $7.082K
YoY Change 0.54% 4.76% 19.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$15.70M -$15.50M -$14.30M
YoY Change
Total Liabilities & Shareholders Equity $10.07M $9.846M $10.94M
YoY Change -20.51% -24.59% -18.64%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $221.4K -$931.2K -$1.109M
YoY Change -40.88% 157.03% -371.72%
Depreciation, Depletion And Amortization $11.20K $15.59K $35.52K
YoY Change -62.45% -49.5% -38.21%
Cash From Operating Activities -$108.3K -$1.524M $200.0K
YoY Change -70.14% 215.58% 45.29%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$38.08K $0.00
YoY Change -100.0% 27.96% -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities $0.00 -$38.08K $0.00
YoY Change -100.0% -105.38% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 $0.00
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -108.3K -1.524M $200.0K
Cash From Investing Activities 0.000 -38.08K $0.00
Cash From Financing Activities 0.000 0.000 $0.00
Net Change In Cash -108.3K -1.562M $200.4K
YoY Change -59.04% -190.77% 99.76%
FREE CASH FLOW
Cash From Operating Activities -$108.3K -$1.524M $200.0K
Capital Expenditures $0.00 -$38.08K $0.00
Free Cash Flow -$108.3K -$1.486M $200.0K
YoY Change -66.64% 227.9% 107.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Local Phone Number
LocalPhoneNumber
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dei Entity Current Reporting Status
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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dei Document Type
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dei Document Quarterly Report
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dei Document Period End Date
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dei Entity File Number
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dei Entity Registrant Name
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FALCONSTOR SOFTWARE, INC.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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The Company and Nature of Operations<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FalconStor Software, Inc., a Delaware corporation ("we", the "Company" or "FalconStor"), is the trusted data protection leader modernizing disaster recovery and backup for the hybrid cloud world. The Company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage and long-term retention costs. More than 1,000 organizations and managed service providers worldwide standardize on FalconStor as the foundation for their cloud first data protection future.</span></div>
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Use of Estimates<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s significant estimates include those related to revenue </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">recognition, accounts receivable allowances, valuation of derivatives, valuation of goodwill and income taxes. Actual results could differ from those estimates.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The financial market volatility in many countries where the Company operates has impacted and may continue to impact the Company’s business. Such conditions could have a material impact on the Company’s significant accounting estimates discussed above.</span></div>
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CY2022Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1300000 usd
CY2021Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1300000 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
2700000 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
2800000 usd
CY2022Q2 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
5000000 usd
falc Deferred Revenue Revenue Expected To Be Recognized During Next12 Months
DeferredRevenueRevenueExpectedToBeRecognizedDuringNext12Months
0.71
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1600000 usd
CY2022Q2 falc Remaining Performance Obligation Expectedtobe Recognizedover Next12 Months
RemainingPerformanceObligationExpectedtobeRecognizedoverNext12Months
0.40
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
70355 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
70355 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
70355 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0335
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
37286 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
209967 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
69380 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
624318 usd
CY2022Q2 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
25105 usd
us-gaap Sublease Income
SubleaseIncome
0 usd
us-gaap Sublease Income
SubleaseIncome
100419 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
37286 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.052
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47275 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
184862 usd
us-gaap Lease Cost
LeaseCost
69380 usd
us-gaap Lease Cost
LeaseCost
523899 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
19249 usd
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
162247 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
38498 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
517216 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
38498 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
38498 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
76996 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6641 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
70355 usd
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
187889 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
210797 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
187889 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
210797 shares
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15510448 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15544212 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15400183 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15390308 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
110265 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
153904 usd
CY2022Q2 us-gaap Depreciation
Depreciation
15588 usd
CY2021Q2 us-gaap Depreciation
Depreciation
30867 usd
us-gaap Depreciation
Depreciation
38932 usd
us-gaap Depreciation
Depreciation
70632 usd
CY2022Q2 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
3015132 usd
CY2021Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
2980132 usd
CY2022Q2 falc Capitalized Software Development Costsfor Software Soldto Customers Accumulated Amortization
CapitalizedSoftwareDevelopmentCostsforSoftwareSoldtoCustomersAccumulatedAmortization
2947943 usd
CY2021Q4 falc Capitalized Software Development Costsfor Software Soldto Customers Accumulated Amortization
CapitalizedSoftwareDevelopmentCostsforSoftwareSoldtoCustomersAccumulatedAmortization
2937437 usd
CY2022Q2 falc Capitalized Software Development Costsfor Software Soldto Customers Net Total
CapitalizedSoftwareDevelopmentCostsforSoftwareSoldtoCustomersNetTotal
67189 usd
CY2021Q4 falc Capitalized Software Development Costsfor Software Soldto Customers Net Total
CapitalizedSoftwareDevelopmentCostsforSoftwareSoldtoCustomersNetTotal
42695 usd
CY2022Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
8867 usd
CY2021Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1645 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
10506 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
3284 usd
CY2022Q2 us-gaap Goodwill
Goodwill
4150339 usd
CY2021Q4 us-gaap Goodwill
Goodwill
4150339 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4041216 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4038138 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4005866 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3986776 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
35350 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
51362 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8554 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15984 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19090 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32066 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1513380 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
113230 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
30557 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
272312 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1323741 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19102 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4697 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27286 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9168 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100567 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.507
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
70935 usd
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
70260 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
41933 usd
CY2021Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
36575 usd
CY2022Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
796846 usd
CY2021Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
776623 usd
CY2022Q1 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
784325 usd
CY2021Q1 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
718070 usd
CY2021Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
776623 usd
CY2020Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
703747 usd
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-12521 usd
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-9993 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-20223 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-24316 usd
CY2022Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
796846 usd
CY2021Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
728063 usd
CY2022Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
796846 usd
CY2021Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
728063 usd
falc Product Warranty Duration
ProductWarrantyDuration
P90D
CY2022Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
112869 usd
CY2022Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
796846 usd
CY2021Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
776623 usd
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-12521 usd
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-9993 usd
CY2022Q1 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
784325 usd
CY2021Q1 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
718070 usd
CY2021Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
776623 usd
CY2020Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
703747 usd
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-12521 usd
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-9993 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-20223 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-24316 usd
CY2022Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
796846 usd
CY2021Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
728063 usd
CY2022Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
796846 usd
CY2021Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
728063 usd
falc Redemptionas Partof Fundamental Sale Transaction Percent
RedemptionasPartofFundamentalSaleTransactionPercent
0.005
falc Probabilityof Redemption Absenta Fundamental Sale Transaction Percent
ProbabilityofRedemptionAbsentaFundamentalSaleTransactionPercent
0.0475
falc Derivatives Volatility Rate
DerivativesVolatilityRate
0.65
CY2021Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
49078 shares
CY2021Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
4.10
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2700000 usd
CY2021Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
285000 shares
CY2021Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
4.10
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
900000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2394335 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3258747 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4443442 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7087073 usd
CY2022Q2 us-gaap Noncurrent Assets
NoncurrentAssets
824257 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1137929 usd
CY2022Q2 falc Numberof Customers Accountingfor Morethan10 Percentof Revenue
NumberofCustomersAccountingforMorethan10PercentofRevenue
1 customer
falc Numberof Customers Accountingfor Morethan10 Percentof Revenue
NumberofCustomersAccountingforMorethan10PercentofRevenue
1 customer
CY2021Q2 falc Numberof Customers Accountingfor Morethan10 Percentof Revenue
NumberofCustomersAccountingforMorethan10PercentofRevenue
2 customer
falc Numberof Customers Accountingfor Morethan10 Percentof Revenue
NumberofCustomersAccountingforMorethan10PercentofRevenue
3 customer
CY2022Q2 falc Number Of Customers With Significant Accounts Receivable Balance
NumberOfCustomersWithSignificantAccountsReceivableBalance
2 customer
CY2021Q4 falc Number Of Customers With Significant Accounts Receivable Balance
NumberOfCustomersWithSignificantAccountsReceivableBalance
2 customer

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