2023 Q2 Form 10-Q Financial Statement

#000168316823003382 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $17.00M $11.85M $6.687M
YoY Change 39.98% 77.23% -84.91%
Cost Of Revenue $14.57M $9.806M $5.328M
YoY Change 38.18% 84.06% -85.51%
Gross Profit $2.440M $2.046M $1.359M
YoY Change 52.47% 50.48% -82.04%
Gross Profit Margin 14.35% 17.26% 20.33%
Selling, General & Admin $1.410M $1.463M $1.391M
YoY Change 38.78% 5.23% 21.99%
% of Gross Profit 57.79% 71.54% 102.31%
Research & Development $920.0K $1.053M $1.050M
YoY Change -16.58% 0.24% -12.49%
% of Gross Profit 37.7% 51.46% 77.26%
Depreciation & Amortization $250.0K $11.32K $192.9K
YoY Change 23.7% -94.13% 60.73%
% of Gross Profit 10.25% 0.55% 14.19%
Operating Expenses $2.330M $2.516M $2.441M
YoY Change 9.96% 3.08% 4.31%
Operating Profit $110.0K -$470.6K -$1.082M
YoY Change -121.21% -56.49% -120.68%
Interest Expense $250.0K -$40.81K $1.750K
YoY Change 279.82% -2432.0%
% of Operating Profit 227.27%
Other Income/Expense, Net $30.00K $103.6K $54.38K
YoY Change -118.49% 90.46% -66.01%
Pretax Income -$1.970M -$367.0K -$1.025M
YoY Change 241.61% -64.21% -119.03%
Income Tax -$320.0K -$578.7K -$238.9K
% Of Pretax Income
Net Earnings -$1.610M $247.6K -$770.8K
YoY Change 129.07% -132.13% -119.56%
Net Earnings / Revenue -9.47% 2.09% -11.53%
Basic Earnings Per Share $0.02 -$0.07
Diluted Earnings Per Share -$0.14 $0.02 -$66.48K
COMMON SHARES
Basic Shares Outstanding 11.78M shares 11.78M shares 11.59M shares
Diluted Shares Outstanding 11.78M shares 11.59M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.00M $33.98M $43.08M
YoY Change -8.48% -21.13% -27.84%
Cash & Equivalents $12.24M $17.57M $36.45M
Short-Term Investments $26.70M $16.41M $6.626M
Other Short-Term Assets $100.0K $106.3K $394.3K
YoY Change -53.65% -73.04% 294.32%
Inventory $3.742M $5.911M $7.652M
Prepaid Expenses
Receivables $8.950M $7.218M $2.027M
Other Receivables $14.44K $30.48K $166.6K
Total Short-Term Assets $51.86M $47.35M $53.32M
YoY Change 7.16% -11.21% -28.33%
LONG-TERM ASSETS
Property, Plant & Equipment $101.1K $109.8K $643.8K
YoY Change -4.59% -82.94% -35.62%
Goodwill $273.3K $273.3K
YoY Change 0.0%
Intangibles $2.181M $2.369M
YoY Change 61.54%
Long-Term Investments
YoY Change
Other Assets $126.5K $125.3K $1.595M
YoY Change 0.36% -92.14% 77.17%
Total Long-Term Assets $5.070M $5.012M $3.862M
YoY Change 38.85% 29.76% 7.29%
TOTAL ASSETS
Total Short-Term Assets $51.86M $47.35M $53.32M
Total Long-Term Assets $5.070M $5.012M $3.862M
Total Assets $56.93M $52.36M $57.18M
YoY Change 9.39% -8.44% -26.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.95M $9.307M $12.25M
YoY Change 59.03% -24.04% -56.08%
Accrued Expenses $849.6K $733.4K $905.9K
YoY Change 44.02% -19.04% -17.64%
Deferred Revenue $146.5K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $16.51M $10.45M $13.68M
YoY Change 77.93% -23.61% -56.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $237.5K
YoY Change -100.0% -100.0% -52.51%
Total Long-Term Liabilities $0.00 $0.00 $237.5K
YoY Change -100.0% -100.0% -52.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.51M $10.45M $13.68M
Total Long-Term Liabilities $0.00 $0.00 $237.5K
Total Liabilities $16.51M $10.45M $15.45M
YoY Change 74.93% -32.37% -53.61%
SHAREHOLDERS EQUITY
Retained Earnings $29.10M $30.71M
YoY Change -8.96%
Common Stock $14.26K $14.26K
YoY Change 0.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $38.93M $40.38M $41.73M
YoY Change
Total Liabilities & Shareholders Equity $56.93M $52.36M $57.18M
YoY Change 9.39% -8.44% -26.69%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$1.610M $247.6K -$770.8K
YoY Change 129.07% -132.13% -119.56%
Depreciation, Depletion And Amortization $250.0K $11.32K $192.9K
YoY Change 23.7% -94.13% 60.73%
Cash From Operating Activities $5.160M $142.9K $1.139M
YoY Change -4750.32% -87.45% -106.86%
INVESTING ACTIVITIES
Capital Expenditures $60.00K $559.6K -$62.00K
YoY Change -132.56% -1002.52% 3.33%
Acquisitions
YoY Change
Other Investing Activities -$10.32M $221.6K -$1.239M
YoY Change 6.28% -117.88%
Cash From Investing Activities -$10.38M -$338.0K -$1.301M
YoY Change 4.91% -74.03% 2068.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -90.00K 0.000 0.000
YoY Change -267.13% -100.0%
NET CHANGE
Cash From Operating Activities 5.160M 142.9K 1.139M
Cash From Investing Activities -10.38M -338.0K -1.301M
Cash From Financing Activities -90.00K 0.000 0.000
Net Change In Cash -5.310M -195.0K -161.9K
YoY Change -46.64% 20.47% -99.03%
FREE CASH FLOW
Cash From Operating Activities $5.160M $142.9K $1.139M
Capital Expenditures $60.00K $559.6K -$62.00K
Free Cash Flow $5.100M -$416.6K $1.201M
YoY Change 6854.86% -134.68% -107.26%

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-770818 usd
us-gaap Net Income Loss
NetIncomeLoss
-1257686 usd
us-gaap Net Income Loss
NetIncomeLoss
-3060020 usd
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11784280 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11594280 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11720776 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11593857 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11784280 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11594280 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11720776 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11593857 shares
CY2023Q1 us-gaap Profit Loss
ProfitLoss
211639 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-786596 usd
us-gaap Profit Loss
ProfitLoss
-1298722 usd
us-gaap Profit Loss
ProfitLoss
-3005937 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-139752 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-85973 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-65713 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-286659 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
71887 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-872569 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-1364435 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-3292596 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-35990 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-15778 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-41036 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
54083 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
107877 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-856791 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1323399 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3346679 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
42602395 usd
us-gaap Net Income Loss
NetIncomeLoss
-1505315 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
74039 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
134000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
360525 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5046 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
41660598 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
247629 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-139752 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
176397 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-35990 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
41908882 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
46165164 usd
us-gaap Net Income Loss
NetIncomeLoss
-2289202 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-200686 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
21595 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
192465 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
69861 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
43959197 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-770818 usd
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-85973 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
181147 usd
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-15778 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
43267775 usd
us-gaap Profit Loss
ProfitLoss
-1298722 usd
us-gaap Profit Loss
ProfitLoss
-3005937 usd
us-gaap Depreciation
Depreciation
41341 usd
us-gaap Depreciation
Depreciation
68105 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
595218 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
396535 usd
us-gaap Share Based Compensation
ShareBasedCompensation
536922 usd
us-gaap Share Based Compensation
ShareBasedCompensation
373612 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
23781 usd
FKWL Forgiveness Of Debts
ForgivenessOfDebts
190293 usd
FKWL Forgiveness Of Debts
ForgivenessOfDebts
-0 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
220807 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
232560 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-558631 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1171345 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5886082 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-477155 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1713431 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6676070 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8021 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
144099 usd
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
10363 usd
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
102055 usd
FKWL Increase Decrease In Loan To Employee
IncreaseDecreaseInLoanToEmployee
90045 usd
FKWL Increase Decrease In Loan To Employee
IncreaseDecreaseInLoanToEmployee
-0 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-117436 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
164610 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-837 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-104937 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1214246 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2533695 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-5532 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-176599 usd
FKWL Increase Decrease In Unearned Revenue From Customers
IncreaseDecreaseInUnearnedRevenueFromCustomers
-65202 usd
FKWL Increase Decrease In Unearned Revenue From Customers
IncreaseDecreaseInUnearnedRevenueFromCustomers
361527 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-230466 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-242218 usd
FKWL Increase Decrease In Advance Payment From Customers
IncreaseDecreaseInAdvancePaymentFromCustomers
2237 usd
FKWL Increase Decrease In Advance Payment From Customers
IncreaseDecreaseInAdvancePaymentFromCustomers
0 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
283500 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-185376 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7044244 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7296402 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
71927 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1240376 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
45212 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39570 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1601998 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
475366 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
12570 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
25172 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1731707 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1780484 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
134000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
21595 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
134000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
21595 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-65713 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-286659 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8707664 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9341950 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26277418 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45796006 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17569754 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36454056 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-800 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-316355 usd
CY2023Q1 us-gaap Minority Interest
MinorityInterest
1528569 usd
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
41036 usd
CY2022Q2 us-gaap Minority Interest
MinorityInterest
1569605 usd
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
41036 usd
us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
121924 usd
CY2023Q1 us-gaap Revenues
Revenues
11851971 usd
CY2022Q1 us-gaap Revenues
Revenues
6687287 usd
us-gaap Revenues
Revenues
28944554 usd
us-gaap Revenues
Revenues
11852936 usd
CY2023Q1 FKWL Property And Equipment And Intangible Assets
PropertyAndEquipmentAndIntangibleAssets
2479229 usd
CY2022Q2 FKWL Property And Equipment And Intangible Assets
PropertyAndEquipmentAndIntangibleAssets
1456008 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84F_eus-gaap--UseOfEstimates_zgFctNnxuvQf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span id="xdx_862_zLGVSZZ8dxW2">Use of Estimates</span> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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. Actual results could materially differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7218350 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1322619 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
168659 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
371624 usd
CY2023Q1 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
229884 usd
us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
564143 usd
CY2022Q1 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
79284 usd
us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
238109 usd
CY2023Q1 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
196875 usd
CY2022Q2 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
187343 usd
CY2023Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
555018 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1601998 usd
CY2022Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
21677 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
475366 usd
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1052672 usd
CY2022Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1050180 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2999207 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3179221 usd
CY2023Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
557155 usd
FKWL Schedule Of Property And Equipment Estimated Useful Life
ScheduleOfPropertyAndEquipmentEstimatedUsefulLife
<table cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfPropertyAndEquipmentEstimatedUsefulLife_zm0TC2KhHJH" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Useful lives)"> <tr style="vertical-align: bottom"> <td style="text-align: justify"><span id="xdx_8B9_zoKqZwrAQRS2" style="display: none">Useful lives of property and equipment</span></td> <td> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; width: 47%"> </td> <td style="vertical-align: bottom; width: 1%; text-align: right"> </td> <td style="width: 52%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Machinery</span></td> <td> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_ecustom--PropertyPlantAndEquipmentUsefulLife1_c20220701__20230331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--EquipmentMember_zKkYbtsq7FSg" title="Estimated useful lives">6 years</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Office equipment</span></td> <td> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_ecustom--PropertyPlantAndEquipmentUsefulLife1_dtY_c20220701__20230331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zfmF4wHztmik" title="Estimated useful lives">5 years</span></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Molds</span></td> <td> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_ecustom--PropertyPlantAndEquipmentUsefulLife1_dtY_c20220701__20230331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ToolsDiesAndMoldsMember_zX1cO7o8RQyh" title="Estimated useful lives">3 years</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vehicles</span></td> <td> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_ecustom--PropertyPlantAndEquipmentUsefulLife1_dtY_c20220701__20230331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zW5AT4GOMI35" title="Estimated useful lives">5 years</span></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Computers and software</span></td> <td> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_904_ecustom--PropertyPlantAndEquipmentUsefulLife1_dtY_c20220701__20230331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zrH7P6PsEXz" title="Estimated useful lives">5 years</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furniture and fixtures</span></td> <td> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90C_ecustom--PropertyPlantAndEquipmentUsefulLife1_dtY_c20220701__20230331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zYfcngyrsKJ" title="Estimated useful lives">7 years</span></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Facilities improvements</span></td> <td> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90F_ecustom--PropertyPlantAndEquipmentUsefulLife2_c20220701__20230331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FacilityClosingMember_zKNtdNTUzqN9" title="Estimated useful lives">5 years or life of the lease, whichever is shorter</span></span></td></tr> </table>
CY2023Q1 FKWL Income Tax Benefit
IncomeTaxBenefit
578664 usd
FKWL Income Tax Benefit
IncomeTaxBenefit
563181 usd
CY2022Q1 FKWL Income Tax Benefit
IncomeTaxBenefit
238852 usd
FKWL Income Tax Benefit
IncomeTaxBenefit
1126860 usd
CY2023Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
573314 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
558631 usd
CY2022Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
238852 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1171345 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84F_eus-gaap--ConcentrationRiskCreditRisk_zP55u3QckAC3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86D_zESyNbGe2H44">Concentrations</span> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We extend credit to our customers and perform ongoing credit evaluations of such customers. We evaluate our accounts receivable on a regular basis for collectability and provide for an allowance for potential credit losses as deemed necessary. No reserve was required or recorded for any of the periods presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Substantially all of our revenues are derived from sales of wireless data products. Any significant decline in market acceptance of our products or in the financial condition of our existing customers could impair our ability to operate effectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A significant portion of our revenue is derived from a small number of customers. For the nine months ended March 31, 2023, sales to our two largest customers accounted for <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_dp_c20220701__20230331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z9rN4apTT5El" title="Concentration of credit risk">64</span>% and <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_dp_c20220701__20230331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z0VmITEkLXCd" title="Concentration of credit risk">27</span>% of our consolidated net sales, and <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_dp_c20220701__20230331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zpKQhm734mW8" title="Concentration of credit risk">0</span>% and <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_dp_c20220701__20230331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z87uAMUPM735" title="Concentration of credit risk">85</span>% of our accounts receivable balance as of March 31, 2023. In the same period of 2022, sales to our two largest customers accounted for <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_dp_c20210701__20220331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zwId4M8DMx39" title="Concentration of credit risk">49</span>% and <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_c20210701__20220331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zdfSoxUKzyRd" title="Concentration of credit risk">26</span>% of our consolidated net sales, and <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_c20210701__20220331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zaffhwkzkmxc" title="Concentration of credit risk">45</span>% and <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_c20210701__20220331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zlDxDm17RIH" title="Concentration of credit risk">0</span>% of our accounts receivable balance as of March 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the nine months ended March 31, 2023, we purchased the majority of our wireless data products from three manufacturing companies located in Asia. If these manufacturing companies were to experience delays, capacity constraints or quality control problems, product shipments to our customers could be delayed, or our customers could consequently elect to cancel the underlying product purchase order, which would negatively impact the Company's revenue. For the nine months ended March 31, 2023, we purchased wireless data products from these manufacturers in the amount of $<span id="xdx_905_eus-gaap--CostOfRevenue_c20220701__20230331__us-gaap--NatureOfExpenseAxis__custom--WirelessDataProductsMember_pp0p0" title="Cost of Revenue">25,347,466</span>, or <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_c20220701__20230331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--CostOfGoodsProductLineMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__us-gaap--NatureOfExpenseAxis__custom--WirelessDataProductsMember_z4qfAabHhGq8" title="Concentration of credit risk">99</span>% of total purchases and had related accounts payable of $<span id="xdx_905_eus-gaap--AccountsPayableCurrent_iI_pp0p0_c20230331__us-gaap--NatureOfExpenseAxis__custom--WirelessDataProductsMember_znwT04636CQ7" title="Accounts Payable, Current">9,001,053</span> as of March 31, 2023. In the same period of 2022, we purchased wireless data products from two manufacturers in the amount of $<span id="xdx_904_eus-gaap--CostOfRevenue_pp0p0_c20210701__20220331__us-gaap--NatureOfExpenseAxis__custom--WirelessDataProductsMember_zY2sjfvox6we" title="Cost of Revenue">15,758,962</span>, or <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_dp_c20210701__20220331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--CostOfGoodsProductLineMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__us-gaap--NatureOfExpenseAxis__custom--WirelessDataProductsMember_zrql31LbuJr3" title="Concentration of credit risk">99</span>% of total purchases and had related accounts payable of $<span id="xdx_90E_eus-gaap--AccountsPayableCurrent_iI_pp0p0_c20220331__us-gaap--NatureOfExpenseAxis__custom--WirelessDataProductsMember_zTYidloNaYB5" title="Accounts Payable, Current">11,664,549</span> as of March 31, 2022. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We maintain our cash accounts with established commercial banks. Such cash deposits exceed the Federal Deposit Insurance Corporation insured limit of $250,000 for each financial institution. However, we do not anticipate any losses on excess deposits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
642016 usd
us-gaap Basis Of Accounting
BasisOfAccounting
<p id="xdx_805_eus-gaap--BasisOfAccounting_zZkHXpDfsx0a" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 3 –<span id="xdx_820_zyuo2KkFnkjk"> BASIS OF PRESENTATION</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accompanying unaudited consolidated financial statements of Franklin Wireless Corp. have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and are presented in accordance with the requirements of Form 10-Q. In the opinion of management, the financial statements included herein contain all adjustments, including normal recurring adjustments, considered necessary to present fairly the financial position, the results of operations and comprehensive income (loss) and cash flows of the Company for the periods presented. These financial statements and notes hereto should be read in conjunction with the financial statements and notes thereto for the fiscal year ended June 30, 2022 included in our Form 10-K filed on September 13, 2022. The operating results or cash flows for the interim periods presented herein are not necessarily indicative of the results to be expected for any other interim period or the full year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4409357 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2039951 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2369406 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2794789 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1444733 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
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CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
234325 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
170406 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
595218 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
396535 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
255366 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
929184 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
709018 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
249392 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
11131 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
18440 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
751839 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
971698 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
865746 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
109823 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
105952 usd
CY2023Q1 us-gaap Depreciation
Depreciation
11316 usd
CY2022Q1 us-gaap Depreciation
Depreciation
22465 usd
us-gaap Depreciation
Depreciation
41341 usd
us-gaap Depreciation
Depreciation
68105 usd
us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
265071 usd
us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
4174 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
48162 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
55387 usd
CY2023Q1 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
250000 usd
CY2022Q2 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
0 usd
CY2023Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
153335 usd
CY2022Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
65602 usd
CY2023Q1 FKWL Accrued Undelivered Inventory
AccruedUndeliveredInventory
0 usd
CY2022Q2 FKWL Accrued Undelivered Inventory
AccruedUndeliveredInventory
140000 usd
CY2023Q1 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
33750 usd
CY2022Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
40000 usd
CY2023Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
248160 usd
CY2022Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
288306 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
0 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
612 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
733407 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
589907 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
649001 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
861001 shares
CY2023Q1 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
247629 usd
CY2022Q1 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
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us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
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us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-3060020 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11784280 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11594280 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11720776 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11784280 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11594280 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11720776 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11593857 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2015Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
23115 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
2106 usd
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
2150 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
6057 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
6562 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
80483 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
160965 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
241448 usd
CY2023Q1 FKWL Operating Leases Future Minimum Payments Interest Included In Payments
OperatingLeasesFutureMinimumPaymentsInterestIncludedInPayments
-3976 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
237472 usd
CY2020Q3 us-gaap Shares Issued
SharesIssued
800000 shares
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
536922 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
373612 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
649001 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.35
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
724837 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
861001 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.92
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1503518 usd

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