2023 Q1 Form 10-K Financial Statement

#000149315223012449 Filed on April 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q3
Revenue $3.186M $2.726M $2.664M
YoY Change 33.59% 3.76% -15.41%
Cost Of Revenue $1.850M $1.790M $1.575M
YoY Change 43.65% 14.47% -10.52%
Gross Profit $1.335M $936.2K $1.088M
YoY Change 21.78% -11.98% -21.6%
Gross Profit Margin 41.92% 34.34% 40.85%
Selling, General & Admin $2.737M $2.188M $2.758M
YoY Change -25.75% -41.27% -32.32%
% of Gross Profit 204.94% 233.75% 253.46%
Research & Development $62.73K $31.38K $60.20K
YoY Change 837.73% 191.64% 270.94%
% of Gross Profit 4.7% 3.35% 5.53%
Depreciation & Amortization $4.790K $302.4K $14.72K
YoY Change -98.49% -7.0% -95.36%
% of Gross Profit 0.36% 32.3% 1.35%
Operating Expenses $2.799M $2.220M $2.828M
YoY Change -24.18% -40.6% -30.89%
Operating Profit -$1.464M -$1.284M -$1.739M
YoY Change -43.6% -51.99% -35.66%
Interest Expense $1.997M $2.444M $43.28K
YoY Change 127919.23% 284075.58%
% of Operating Profit
Other Income/Expense, Net $1.997M $2.346M $916.5K
YoY Change -174.49%
Pretax Income $533.1K -$8.906M -$1.696M
YoY Change -120.36% -38.67% -43.74%
Income Tax
% Of Pretax Income
Net Earnings $533.1K -$9.847M -$1.696M
YoY Change -120.36% -32.18% -43.74%
Net Earnings / Revenue 16.73% -361.18% -63.68%
Basic Earnings Per Share $0.42 -$0.03
Diluted Earnings Per Share $0.42 -$7.99 -$27.53K
COMMON SHARES
Basic Shares Outstanding 1.267M shares 61.60M shares 61.60M shares
Diluted Shares Outstanding 1.267M shares 1.232M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.775M $15.91M $12.95M
YoY Change -47.86% 74.99% 22.61%
Cash & Equivalents $8.775M $10.66M $12.95M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $590.7K $687.9K $1.038M
YoY Change -17.69% -42.69% -16.71%
Inventory $3.061M $3.119M $1.953M
Prepaid Expenses $1.038M
Receivables $1.947M $1.924M $1.874M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.37M $21.64M $17.81M
YoY Change -30.12% 79.28% 19.81%
LONG-TERM ASSETS
Property, Plant & Equipment $45.73K $48.87K $53.76K
YoY Change -51.47% -56.12% -82.01%
Goodwill
YoY Change
Intangibles $0.00 $10.36M
YoY Change -100.0%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $45.73K $48.87K $10.42M
YoY Change -99.59% -99.57% -56.13%
TOTAL ASSETS
Total Short-Term Assets $14.37M $21.64M $17.81M
Total Long-Term Assets $45.73K $48.87K $10.42M
Total Assets $14.42M $21.69M $28.23M
YoY Change -54.4% -7.56% -26.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $888.6K $1.518M $1.041M
YoY Change -22.49% 528.99% -12.03%
Accrued Expenses $508.7K $558.3K $683.2K
YoY Change -25.19% -37.65% -13.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.178M $4.012M $1.733M
YoY Change 19.25% 246.11% -12.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.759M $4.507M $0.00
YoY Change 118183.46%
Total Long-Term Liabilities $3.759M $4.507M $0.00
YoY Change 118183.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.178M $4.012M $1.733M
Total Long-Term Liabilities $3.759M $4.507M $0.00
Total Liabilities $5.937M $8.518M $1.733M
YoY Change 225.07% 632.52% -12.02%
SHAREHOLDERS EQUITY
Retained Earnings -$93.19M -$93.72M -$84.82M
YoY Change 10.81% 18.94%
Common Stock $1.267K $1.267K $61.60K
YoY Change -94.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.482M $7.918M $26.49M
YoY Change
Total Liabilities & Shareholders Equity $14.42M $21.69M $28.23M
YoY Change -54.4% -7.56% -26.89%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $533.1K -$9.847M -$1.696M
YoY Change -120.36% -32.18% -43.74%
Depreciation, Depletion And Amortization $4.790K $302.4K $14.72K
YoY Change -98.49% -7.0% -95.36%
Cash From Operating Activities -$1.879M -$1.364M -$1.282M
YoY Change -15.6% -12.92% -28.48%
INVESTING ACTIVITIES
Capital Expenditures $1.654K $0.00 -$3.170K
YoY Change -168.92% -100.0% -95.81%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $10.01M
YoY Change -100.0% -100.0% -14381.09%
Cash From Investing Activities -$1.654K $0.00 $10.00M
YoY Change -99.98% -100.0% -6964.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.250M 4.323M 0.000
YoY Change -152.66%
NET CHANGE
Cash From Operating Activities -$1.879M -1.364M -1.282M
Cash From Investing Activities -$1.654K 0.000 10.00M
Cash From Financing Activities -$5.250M 4.323M 0.000
Net Change In Cash -$7.131M 2.959M 8.721M
YoY Change -1065.52% 458.32% -549.89%
FREE CASH FLOW
Cash From Operating Activities -$1.879M -$1.364M -$1.282M
Capital Expenditures $1.654K $0.00 -$3.170K
Free Cash Flow -$1.881M -$1.364M -$1.279M
YoY Change -15.43% -13.04% -25.52%

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CY2021 us-gaap Stock Issued During Period Value Other
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CY2021 GHSI Stock Issued During Period Value Warrants Exercised
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CY2021 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
600887 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Other
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CY2021 us-gaap Net Income Loss
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022 us-gaap Stock Issued During Period Value Other
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CY2022 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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CY2022 GHSI Stock Issued During Period Value Warrants Exercised
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CY2022 us-gaap Dividends Preferred Stock
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CY2022 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
225564 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2022 us-gaap Stock Repurchased During Period Value
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CY2022 us-gaap Net Income Loss
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CY2022Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
10065833 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2022 GHSI Gain Loss On Termination Of Leases
GainLossOnTerminationOfLeases
-24257 usd
CY2021 GHSI Gain Loss On Termination Of Leases
GainLossOnTerminationOfLeases
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CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
20695 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
55609 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
179222 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
124628 usd
CY2022 GHSI Fair Value Of Vested Stock Options
FairValueOfVestedStockOptions
225564 usd
CY2021 GHSI Fair Value Of Vested Stock Options
FairValueOfVestedStockOptions
600887 usd
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
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CY2021 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-2345800 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Inventories
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2807339 usd
CY2021 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-91946 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1276545 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-337190 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-233741 usd
CY2021 us-gaap Increase Decrease In Due To Officers And Stockholders
IncreaseDecreaseInDueToOfficersAndStockholders
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2022 GHSI Payments To Acquire Treasury Bills
PaymentsToAcquireTreasuryBills
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CY2021 GHSI Payments To Acquire Treasury Bills
PaymentsToAcquireTreasuryBills
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CY2022 GHSI Proceeds From Sale Of Treasury Bills
ProceedsFromSaleOfTreasuryBills
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CY2021 GHSI Proceeds From Sale Of Treasury Bills
ProceedsFromSaleOfTreasuryBills
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
4308415 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1134040 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
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CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11811563 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4424805 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4093927 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15905490 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4093927 usd
CY2021 GHSI Adjust Warrant Liability
AdjustWarrantLiability
26265 usd
CY2022 GHSI Issuance Of Warrant Liability
IssuanceOfWarrantLiability
8783800 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-14922228 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7446812 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10655490 usd
CY2022Q1 GHSI Minimum Closing Bid Price Value
MinimumClosingBidPriceValue
1.00
CY2022Q3 GHSI Minimum Closing Bid Price Value
MinimumClosingBidPriceValue
1.00
CY2022Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-30
CY2022Q3 GHSI Minimum Closing Bid Price Value
MinimumClosingBidPriceValue
1.00
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-100
CY2022 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
Reverse Stock Split became effective, every 50 shares of the Company’s issued and outstanding common stock were automatically combined, converted and changed into 1 share of the Company’s common stock
CY2022 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
On January 24, 2023, Guardion Health Sciences, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company’s common stock had a closing bid price at or above $1.00 per share for a minimum of 10 consecutive trading days, the Company had regained compliance with the minimum bid price requirement of $1.00 per share for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2).
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 segment
CY2021Q4 GHSI Winding Description
WindingDescription
During the fourth quarter of 2021, the Company announced it would be winding down the Medical Devices Segment, which accounted for approximately 4% of revenue in 2021
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 segment
CY2021Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-6 reverse split
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_846_eus-gaap--UseOfEstimates_zT5oki4gEwRe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span><span id="xdx_86D_zFv8GBRA8kQ">Use of Estimates</span></span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of our financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates. On an ongoing basis, management reviews its estimates and if deemed appropriate, those estimates are adjusted. Significant estimates include those related to assumptions used in valuing inventories at net realizable value, assumptions used in valuing assets acquired in business acquisitions, impairment testing of goodwill and other long-term assets, assumptions used in valuing stock-based compensation, the valuation allowance for deferred tax assets, accruals for potential liabilities, and assumptions used in the determination of the Company’s liquidity. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11049772 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7233118 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11049772 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7233118 usd
CY2022 GHSI Third Party Outsourcing
ThirdPartyOutsourcing
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CY2021 GHSI Third Party Outsourcing
ThirdPartyOutsourcing
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10655490 usd
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2022Q4 GHSI Cash Sipc Insured Amount
CashSIPCInsuredAmount
500000 usd
CY2021Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
67681 usd
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
5250000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
20695 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
55609 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
179222 usd
CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
10065833 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
11893134 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
42990000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
1618199 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
161833 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
193800 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
64358 usd
CY2022Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
61246 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1540662 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24592 shares
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
6438000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
4995623 usd
CY2022 GHSI Fair Value Of Warrant Derivative Liability Recognized Upon Issuance Of Warrants
FairValueOfWarrantDerivativeLiabilityRecognizedUponIssuanceOfWarrants
8783800 usd
CY2022 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
2345800 usd
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
6438000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
24257 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
25308 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
24257 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22221 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3807 usd
CY2021 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-106477 usd
CY2021 GHSI Percentage Of Writtendown Revenue
PercentageOfWrittendownRevenue
0.04 pure
CY2020Q4 GHSI Derivative Liability
DerivativeLiability
25978 usd
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
12765911 usd
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-22171583 usd
CY2021 GHSI Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-47.00
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
48911 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
148826 usd
CY2022Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P0Y2M1D
CY2022Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.039 pure
CY2022 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
begin to expire in 2035
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
49637 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
53320 usd
CY2022Q4 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
3069784 usd
CY2021Q4 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
314371 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
3119421 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
367691 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
55609 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
179222 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
176131 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
247705 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
127260 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
136327 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
48871 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
111378 usd
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1267340 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1267340 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
488539 shares
CY2022 us-gaap Depreciation
Depreciation
58789 usd
CY2021 us-gaap Depreciation
Depreciation
91575 usd
CY2021Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
9200000 usd
CY2021Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
2700000 usd
CY2021Q4 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
50000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11950000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
694167 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11255833 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1190000 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
10065833 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
10065833 usd
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
11893134 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
11893134 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
11893134 usd
CY2021 GHSI Goodwill Impairment Percentage
GoodwillImpairmentPercentage
0.16 pure
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
11893134 usd
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
2200 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3826 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3826 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
19 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3807 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3807 usd
CY2022 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
2345800 usd
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
6438000 usd
CY2022Q4 us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
The holders of the Preferred Stock have the right to require the Company to redeem their shares of preferred stock for cash at 105% of the stated value of such shares through February 27, 2023 which is 90 days from the issue date of the Preferred Stock. The Company has the option to redeem the Preferred Stock for cash at 105% of the stated value commencing after receipt of stockholder approval of the Reverse Split, subject to the rights of the holders of Series C Preferred Stock to convert their shares of Series C Preferred Stock into common stock prior to such redemption. The Company classifies the Preferred Stock outside of permanent equity (as temporary equity within the mezzanine section between liabilities and equity on the consolidated balance sheets) since the redemption of such shares is not solely within the Company’s contro
CY2022 us-gaap Dividends Preferred Stock
DividendsPreferredStock
941585 usd
CY2022Q4 us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
The Certificates of Designation for the Preferred Stock provides that the Preferred Stock have no voting rights other than the right to vote on the Amendment and as a class on certain other specified matters, and, with respect to the Series D Certificate of Designation, the right to cast 1,000,000 votes per share of Series D Preferred Stock on the Reverse Stock Split proposal. The Amendment required the approval of the majority of the votes associated with the Company’s outstanding stock entitled to vote on the proposal. On January 5, 2023, the Amendment to authorize a reverse split of the Common Stock was approved at a special meeting of shareholders. Following the meeting, the board of directors approved a one-for-fifty (1-for-50) reverse split of the Company’s issued and outstanding shares of common stock
CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
4750000 usd
CY2022 GHSI Proceeds From Issuance Of Private Placement Additional
ProceedsFromIssuanceOfPrivatePlacementAdditional
500000 usd
CY2022 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1.05 pure
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1526701 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15564 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
474.00
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M17D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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