2023 Q1 Form 10-K Financial Statement

#000143774923005675 Filed on March 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $7.287M $7.021M $26.94M
YoY Change 31.65% 8.84% 11.05%
Cost Of Revenue $4.482M $4.018M $15.30M
YoY Change 38.12% 25.05% 23.74%
Gross Profit $2.805M $3.003M $11.64M
YoY Change 22.49% -7.26% -2.14%
Gross Profit Margin 38.49% 42.77% 43.22%
Selling, General & Admin $3.245M $3.074M $12.28M
YoY Change 6.25% -3.85% 1.82%
% of Gross Profit 115.69% 102.36% 105.43%
Research & Development $218.0K $179.0K $895.0K
YoY Change -0.91% -31.68% -32.81%
% of Gross Profit 7.77% 5.96% 7.69%
Depreciation & Amortization $79.00K $103.0K $352.0K
YoY Change -15.96% -39.41% -39.73%
% of Gross Profit 2.82% 3.43% 3.02%
Operating Expenses $3.463M $3.253M $13.17M
YoY Change 5.77% -5.96% -1.62%
Operating Profit -$658.0K -$250.0K -$1.527M
YoY Change -33.13% 13.12% 2.55%
Interest Expense $5.000K $97.00K $17.00K
YoY Change 0.0% -3333.33% 30.77%
% of Operating Profit
Other Income/Expense, Net -$90.00K -$204.0K -$46.00K
YoY Change 800.0% 3300.0% -102.93%
Pretax Income -$414.0K -$357.0K -$1.388M
YoY Change -58.52% 48.75% -2141.18%
Income Tax $0.00 $45.00K $54.00K
% Of Pretax Income
Net Earnings -$414.0K -$402.0K -$1.442M
YoY Change -58.52% 64.75% -2770.37%
Net Earnings / Revenue -5.68% -5.73% -5.35%
Basic Earnings Per Share -$0.01 -$0.05
Diluted Earnings Per Share -$0.01 -$0.01 -$0.05
COMMON SHARES
Basic Shares Outstanding 30.30M 30.30M 30.29M
Diluted Shares Outstanding 30.30M 30.29M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.77M $26.31M $26.31M
YoY Change -21.68% -26.7% -26.7%
Cash & Equivalents $15.70M $23.33M $23.33M
Short-Term Investments $11.07M $2.981M $2.981M
Other Short-Term Assets $1.350M $1.395M $1.395M
YoY Change -36.5% -29.01% -29.01%
Inventory $509.0K $392.0K $392.0K
Prepaid Expenses
Receivables $6.755M $7.729M $7.729M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $35.38M $35.83M $35.83M
YoY Change -14.66% -13.6% -13.6%
LONG-TERM ASSETS
Property, Plant & Equipment $4.370M $4.435M $4.632M
YoY Change -4.04% -3.78% -4.51%
Goodwill $2.116M $2.116M
YoY Change 0.0% 0.0%
Intangibles $401.0K $397.0K
YoY Change -10.49% -11.38%
Long-Term Investments $7.054M $6.360M $6.360M
YoY Change
Other Assets $796.0K $794.0K $794.0K
YoY Change -4.9% -3.64% -27.42%
Total Long-Term Assets $14.90M $14.30M $14.30M
YoY Change 82.52% 68.05% 68.05%
TOTAL ASSETS
Total Short-Term Assets $35.38M $35.83M $35.83M
Total Long-Term Assets $14.90M $14.30M $14.30M
Total Assets $50.28M $50.12M $50.12M
YoY Change 1.33% 0.3% 0.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.651M $2.710M $2.710M
YoY Change 62.99% 73.61% 73.61%
Accrued Expenses $1.097M $1.684M $1.684M
YoY Change -10.08% 32.39% 32.39%
Deferred Revenue $427.0K $372.0K
YoY Change -18.2% -4.62%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.175M $4.766M $4.766M
YoY Change 29.96% 47.87% 47.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $277.0K $274.0K $340.0K
YoY Change 2.97% -5.52% -17.48%
Total Long-Term Liabilities $277.0K $274.0K $340.0K
YoY Change 2.97% -5.52% -17.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.175M $4.766M $4.766M
Total Long-Term Liabilities $277.0K $274.0K $340.0K
Total Liabilities $5.680M $5.283M $5.283M
YoY Change 26.56% 39.98% 39.98%
SHAREHOLDERS EQUITY
Retained Earnings -$116.4M -$116.0M
YoY Change 0.74% 1.26%
Common Stock $164.8M $164.7M
YoY Change 0.18% 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.251M
YoY Change 0.76%
Treasury Stock Shares $976.0K
Shareholders Equity $44.60M $44.84M $44.84M
YoY Change
Total Liabilities & Shareholders Equity $50.28M $50.12M $50.12M
YoY Change 1.33% 0.3% 0.3%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$414.0K -$402.0K -$1.442M
YoY Change -58.52% 64.75% -2770.37%
Depreciation, Depletion And Amortization $79.00K $103.0K $352.0K
YoY Change -15.96% -39.41% -39.73%
Cash From Operating Activities $1.010M -$1.548M -$4.139M
YoY Change -157.85% -919.05% -643.89%
INVESTING ACTIVITIES
Capital Expenditures $30.00K $20.00K $206.0K
YoY Change -156.6% -96.0% -345.24%
Acquisitions
YoY Change
Other Investing Activities -$8.685M $500.0K -$9.277M
YoY Change
Cash From Investing Activities -$8.715M $480.0K -$9.483M
YoY Change 16343.4% -4.0% 11189.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 0.000 -$17.00K
YoY Change -100.0% -100.07%
NET CHANGE
Cash From Operating Activities $1.010M -1.548M -$4.139M
Cash From Investing Activities -$8.715M 480.0K -$9.483M
Cash From Financing Activities $0.00 0.000 -$17.00K
Net Change In Cash -$7.630M -1.068M -$13.73M
YoY Change 320.62% -255.01% -156.14%
FREE CASH FLOW
Cash From Operating Activities $1.010M -$1.548M -$4.139M
Capital Expenditures $30.00K $20.00K $206.0K
Free Cash Flow $980.0K -$1.568M -$4.345M
YoY Change -157.89% 404.18% -614.2%

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17000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-619000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
38000 usd
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
5000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
224000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
82000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4448000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3794000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
45000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
252000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
314000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-634000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1159000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-772000 usd
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
360000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1404000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4139000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
761000 usd
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
206000 usd
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
84000 usd
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
9777000 usd
CY2021 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
-0 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
500000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9483000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-84000 usd
CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
CY2021 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
25812000 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
-0 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1783000 usd
CY2022 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
17000 usd
CY2021 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
52000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
23977000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-87000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-206000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13726000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24448000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37054000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12606000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23328000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37054000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
14000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-51000 usd
CY2021 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1783000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>Use of Estimates</b></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company uses estimates in accounting for, among other items, revenue recognition, allowance for doubtful accounts, income tax provisions, excess and obsolete inventory reserve, impairment of long-lived assets, and warranty expenses. Actual results could differ from those estimates.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p>
CY2022Q4 us-gaap Cash
Cash
12560000 usd
CY2021Q4 us-gaap Cash
Cash
35893000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
10768000 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
891000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
270000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23328000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37054000 usd
CY2022Q2 ftek Investment Plan Maximum Amount Approved
InvestmentPlanMaximumAmountApproved
10000000 usd
CY2022Q4 ftek Investment Plan Maximum Additional Amount Approved
InvestmentPlanMaximumAdditionalAmountApproved
10000000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
9341000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
0 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
168000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
9173000 usd
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
2981000 usd
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
2957000 usd
CY2022Q4 ftek Debt Securities Heldtomaturity Amortized Cost After Allowance For Credit Loss Maturity Allocated And Single Maturity Date After Year One Through Two
DebtSecuritiesHeldtomaturityAmortizedCostAfterAllowanceForCreditLossMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughTwo
4919000 usd
CY2022Q4 ftek Debt Securities Heldtomaturity Fair Value Maturity Allocated And Single Maturity Date After Year One Through Two
DebtSecuritiesHeldtomaturityFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughTwo
4807000 usd
CY2022Q4 ftek Debt Securities Heldtomaturity Amortized Cost After Allowance For Credit Loss Maturity Allocated And Single Maturity Date After Year Two Through Three
DebtSecuritiesHeldtomaturityAmortizedCostAfterAllowanceForCreditLossMaturityAllocatedAndSingleMaturityDateAfterYearTwoThroughThree
1441000 usd
CY2022Q4 ftek Debt Securities Heldtomaturity Fair Value Maturity Allocated And Single Maturity Date After Year Two Through Three
DebtSecuritiesHeldtomaturityFairValueMaturityAllocatedAndSingleMaturityDateAfterYearTwoThroughThree
1409000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
9341000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
9173000 usd
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
109000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30289000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29694000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26941000 usd
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
3082000 usd
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
1277000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
835000 usd
CY2021 ftek Provision For Doubtful Accounts Including Foreign Impact Of Foreign Exchange
ProvisionForDoubtfulAccountsIncludingForeignImpactOfForeignExchange
227000 usd
CY2021 ftek Allowance For Doubtful Accounts Receivable Chargeoffs Recoveries
AllowanceForDoubtfulAccountsReceivableChargeoffsRecoveries
839000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
223000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
223000 usd
CY2022 ftek Provision For Doubtful Accounts Including Foreign Impact Of Foreign Exchange
ProvisionForDoubtfulAccountsIncludingForeignImpactOfForeignExchange
-19000 usd
CY2022 ftek Allowance For Doubtful Accounts Receivable Chargeoffs Recoveries
AllowanceForDoubtfulAccountsReceivableChargeoffsRecoveries
94000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
110000 usd
CY2022Q4 us-gaap Due From Customer Acceptances
DueFromCustomerAcceptances
0 usd
CY2021Q4 us-gaap Due From Customer Acceptances
DueFromCustomerAcceptances
55000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24261000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
372000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
390000 usd
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
850000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
384000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
776000 usd
CY2022Q4 ftek Contract With Customer Contracts In Progress Number Of Contracts Identified As Loss Contracts
ContractWithCustomerContractsInProgressNumberOfContractsIdentifiedAsLossContracts
0 pure
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8245000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7926000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
907000 usd
CY2021 ftek Inventory Valuation Reserve Provision
InventoryValuationReserveProvision
0 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
20000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
927000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
927000 usd
CY2022 ftek Inventory Valuation Reserve Provision
InventoryValuationReserveProvision
0 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
927000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
1277000 usd
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
152000 usd
CY2021Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
83000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
110000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
223000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
88000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
157000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
803000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
406000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
397000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
789000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
341000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
448000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
60000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
52000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
31000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
31000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
31000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
192000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
397000 usd
CY2022 us-gaap Depreciation
Depreciation
352000 usd
CY2021 us-gaap Depreciation
Depreciation
584000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7729000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.039 pure
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3259000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22992000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22852000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18557000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18243000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4435000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4609000 usd
CY2022Q4 ftek Number Of Units With Apc Technology
NumberOfUnitsWithApcTechnology
1200 pure
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
206000 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
42600
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30289000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>Risk Concentrations</b></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. However, management believes the Company is <em style="font: inherit;">not</em> exposed to significant credit risk due to the financial position of its primary depository institution where a significant portion of its deposits are held.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">For the year ended <em style="font: inherit;"> December 31, 2022</em>, <span style="background-color:#ffffff;">we had three customers which individually represented greater than <em style="font: inherit;">10%</em> of revenues. Two customers primarily contributed revenues to the FUEL CHEM technology segment and one contributed revenue to the APC technology segment. In total these <em style="font: inherit;">three</em> customers represented 48% of consolidated revenues. We had <em style="font: inherit;">no</em> customer that accounted for greater than <em style="font: inherit;">10%</em> of our current assets as of </span><em style="font: inherit;"> December 31, 2022</em><span style="background-color:#ffffff;">.</span></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">For the year ended <em style="font: inherit;"> December 31, 2021</em>, we had four customers which individually represented greater than <em style="font: inherit;">10%</em> of revenues. Three customers primarily contributed revenues to the FUEL CHEM technology segment and one contributed revenue to the APC technology segment. In total these <em style="font: inherit;">four</em> customers represented 60% of consolidated revenues. We had <em style="font: inherit;">no</em> customer that accounted for greater than <em style="font: inherit;">10%</em> of our current assets as of <em style="font: inherit;"> December 31, 2021</em>.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">We control credit risk through requiring milestone payments on long-term contracts, performing ongoing credit evaluations of its customers, and in some cases obtaining security for payment through bank guarantees and letters of credit.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p>
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
12497
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
15162
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
17000 usd
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
52000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26941000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24261000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26941000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24261000 usd
CY2022 ftek Effective Income Tax Rate Reconciliation Outside Basis Differential Percent
EffectiveIncomeTaxRateReconciliationOutsideBasisDifferentialPercent
0.004 pure
CY2021 ftek Effective Income Tax Rate Reconciliation Outside Basis Differential Percent
EffectiveIncomeTaxRateReconciliationOutsideBasisDifferentialPercent
0.344 pure
CY2022 ftek Effective Income Tax Rate Reconciliation Debt Forgiveness Percent
EffectiveIncomeTaxRateReconciliationDebtForgivenessPercent
0 pure
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
4605000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
2122000 usd
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
3082000 usd
CY2021 ftek Effective Income Tax Rate Reconciliation Debt Forgiveness Percent
EffectiveIncomeTaxRateReconciliationDebtForgivenessPercent
-4.846 pure
CY2022 ftek Effective Income Tax Rate Reconciliation Accrual To Return Percent
EffectiveIncomeTaxRateReconciliationAccrualToReturnPercent
0.031 pure
CY2021 ftek Effective Income Tax Rate Reconciliation Accrual To Return Percent
EffectiveIncomeTaxRateReconciliationAccrualToReturnPercent
-3.293 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.059 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
1.449 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.095 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
1.240 pure
CY2022 ftek Effective Income Tax Rate Reconciliation Foreign Deferred Adjustment Percent
EffectiveIncomeTaxRateReconciliationForeignDeferredAdjustmentPercent
0 pure
CY2021 ftek Effective Income Tax Rate Reconciliation Foreign Deferred Adjustment Percent
EffectiveIncomeTaxRateReconciliationForeignDeferredAdjustmentPercent
10.060 pure
CY2022 ftek Effective Income Tax Rate Reconciliation China Enterprise Tax Percent
EffectiveIncomeTaxRateReconciliationChinaEnterpriseTaxPercent
0 pure
CY2021 ftek Effective Income Tax Rate Reconciliation China Enterprise Tax Percent
EffectiveIncomeTaxRateReconciliationChinaEnterpriseTaxPercent
0 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.033 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
15.903 pure
CY2022 ftek Effective Income Tax Rate Reconciliation Other True Up Percent
EffectiveIncomeTaxRateReconciliationOtherTrueUpPercent
-0 pure
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CY2022 dei Auditor Firm
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