2021 Q2 Form 10-Q Financial Statement
#000121390021028342 Filed on May 21, 2021
Income Statement
| Concept | 2021 Q2 | 2021 Q1 | 2020 Q2 |
|---|---|---|---|
| Revenue | $4.907M | $4.014M | $3.004M |
| YoY Change | 63.36% | 30.73% | -17.03% |
| Cost Of Revenue | $1.914M | $1.454M | $1.819M |
| YoY Change | 5.27% | 4.15% | 68.39% |
| Gross Profit | $2.993M | $2.560M | $1.185M |
| YoY Change | 152.52% | 52.89% | -53.34% |
| Gross Profit Margin | 60.99% | 63.77% | 39.45% |
| Selling, General & Admin | $6.202M | $3.589M | $5.243M |
| YoY Change | 18.29% | -36.8% | -60.1% |
| % of Gross Profit | 207.26% | 140.2% | 442.43% |
| Research & Development | $1.527M | $1.424M | $1.089M |
| YoY Change | 40.25% | 62.79% | -59.52% |
| % of Gross Profit | 51.04% | 55.63% | 91.89% |
| Depreciation & Amortization | $1.317M | $1.053M | $1.320M |
| YoY Change | -0.23% | 37183.36% | |
| % of Gross Profit | 44.01% | 41.13% | 111.39% |
| Operating Expenses | $9.044M | $6.066M | $7.368M |
| YoY Change | 22.73% | -7.43% | -12.18% |
| Operating Profit | -$6.051M | -$3.506M | -$6.183M |
| YoY Change | -2.14% | -28.14% | 5.7% |
| Interest Expense | -$163.1K | $776.2K | -$2.084K |
| YoY Change | 7727.5% | -110.42% | |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$46.16K | -$2.942M | $157.0K |
| YoY Change | -129.41% | -1188.23% | |
| Pretax Income | -$6.097M | -$6.448M | -$6.026M |
| YoY Change | 1.17% | 39.91% | 3.55% |
| Income Tax | $4.300K | $6.270K | $30.99K |
| % Of Pretax Income | |||
| Net Earnings | -$6.105M | -$6.458M | -$5.313M |
| YoY Change | 14.92% | 43.27% | -8.72% |
| Net Earnings / Revenue | -124.42% | -160.88% | -176.87% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$0.25 | -$290.9K | -$221.6K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 24.14M shares | ||
| Diluted Shares Outstanding | 24.53M shares |
Balance Sheet
| Concept | 2021 Q2 | 2021 Q1 | 2020 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $11.78M | $15.43M | $24.16M |
| YoY Change | -51.25% | 7.83% | 10.47% |
| Cash & Equivalents | $11.80M | $15.43M | $24.16M |
| Short-Term Investments | |||
| Other Short-Term Assets | $2.673M | $2.040M | $1.710M |
| YoY Change | 56.29% | -9.73% | 58.33% |
| Inventory | |||
| Prepaid Expenses | $2.395M | $2.096M | $1.215M |
| Receivables | $1.798M | $1.887M | $1.862M |
| Other Receivables | $231.1K | $550.0K | $0.00 |
| Total Short-Term Assets | $16.48M | $19.91M | $27.73M |
| YoY Change | -40.58% | 11.23% | 14.59% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $53.35K | $1.140M | $131.1K |
| YoY Change | -59.3% | 1528.13% | |
| Goodwill | $46.79M | $41.87M | $20.25M |
| YoY Change | 131.01% | ||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $226.1K | $230.0K | $250.0K |
| YoY Change | -9.56% | -8.0% | |
| Other Assets | $41.93K | ||
| YoY Change | |||
| Total Long-Term Assets | $60.06M | $54.42M | $30.80M |
| YoY Change | 95.0% | 132.07% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $16.48M | $19.91M | $27.73M |
| Total Long-Term Assets | $60.06M | $54.42M | $30.80M |
| Total Assets | $76.53M | $74.33M | $58.53M |
| YoY Change | 30.76% | 79.76% | 141.84% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.126M | $495.8K | $1.444M |
| YoY Change | -21.98% | -87.7% | 9.59% |
| Accrued Expenses | $3.555M | $2.560M | $3.420M |
| YoY Change | 3.95% | 584.0% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $2.000M | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $7.156M | $8.780M | $6.140M |
| YoY Change | 16.55% | ||
| Total Short-Term Liabilities | $13.37M | $13.44M | $11.75M |
| YoY Change | 13.76% | 181.66% | 381.27% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.201M | $1.130M | $10.20M |
| YoY Change | -88.23% | ||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $1.201M | $1.130M | $10.20M |
| YoY Change | -88.23% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $13.37M | $13.44M | $11.75M |
| Total Long-Term Liabilities | $1.201M | $1.130M | $10.20M |
| Total Liabilities | $14.57M | $14.56M | $23.01M |
| YoY Change | -36.68% | 52.81% | 319.61% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$69.74M | -$63.64M | -$41.15M |
| YoY Change | 69.46% | 49.21% | |
| Common Stock | $123.9M | $110.9M | $71.90M |
| YoY Change | 72.26% | 55.3% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $61.96M | $59.77M | $35.52M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $76.53M | $74.33M | $58.53M |
| YoY Change | 30.76% | 79.76% | 141.84% |
Cashflow Statement
| Concept | 2021 Q2 | 2021 Q1 | 2020 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$6.105M | -$6.458M | -$5.313M |
| YoY Change | 14.92% | 43.27% | -8.72% |
| Depreciation, Depletion And Amortization | $1.317M | $1.053M | $1.320M |
| YoY Change | -0.23% | 37183.36% | |
| Cash From Operating Activities | -$2.345M | -$1.374M | -$2.750M |
| YoY Change | -14.72% | -69.61% | 2.23% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$1.305M | -$700.0K | -$3.260M |
| YoY Change | -59.98% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$140.0K | |
| YoY Change | -100.0% | -100.74% | |
| Cash From Investing Activities | -$1.305M | -$704.6K | -$3.400M |
| YoY Change | -61.63% | 26.48% | -118.05% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -3.850K | -$333.8K | 15.98M |
| YoY Change | -100.02% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -2.345M | -$1.374M | -2.750M |
| Cash From Investing Activities | -1.305M | -$704.6K | -3.400M |
| Cash From Financing Activities | -3.850K | -$333.8K | 15.98M |
| Net Change In Cash | -3.654M | -$2.414M | 9.830M |
| YoY Change | -137.17% | -46.01% | -39.13% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$2.345M | -$1.374M | -$2.750M |
| Capital Expenditures | -$1.305M | -$700.0K | -$3.260M |
| Free Cash Flow | -$1.041M | -$673.8K | $510.0K |
| YoY Change | -304.04% |
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<div> <div style="border-left: none; border-right: none;"> <p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 1 - Description of Business, Liquidity and Capital <font><font><font>Resources</font></font></font></font></p> <p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> </font></p> <p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Description of Business</font></p> <p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> </font></p> <p style="margin: 0pt; text-align: justify; text-indent: 33.3333pt; line-height: 1.3;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Akerna Corp., herein referred to as we, us our or Akerna, through our wholly owned subsidiaries MJ Freeway, LLC, or MJF, Trellis Solutions, Inc., or Trellis, Ample Organics, Inc, or Ample, and solo sciences, inc, or Solo, provides enterprise software solutions that enable regulatory compliance and inventory management. Our proprietary, broad and growing suite of solutions are adaptable for industries in which interfacing with government regulatory agencies for compliance purposes is required, or where the tracking of organic materials from seed or plant to end products is desired. We develop products intended to assist states in monitoring licensed businesses’ compliance with state regulations and to help state-licensed businesses operate in compliance with such law. We provide our commercial software platform, MJ Platform<font style="font-size: 8pt;"><sup>®</sup></font>and Trellis<font style="font-size: 8pt;"><sup>®</sup></font> to state-licensed businesses, and our regulatory software platform, Leaf Data Systems<font style="font-size: 8pt;"><sup>®</sup></font>, to state government regulatory agencies. Through Solo,</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">we provide an innovative, next-generation solution for state and national governments to securely track product and waste throughout the supply chain with solo*TAG</font><font style="font-family: 'Times New Roman'; font-size: 8pt; vertical-align: super; line-height: inherit;">™</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. The integration of MJ Platform<font style="font-size: 8pt;"><sup>®</sup></font> and solo*CODE</font><font style="font-family: 'Times New Roman'; font-size: 8pt; vertical-align: super; line-height: inherit;">™ </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">results in technology for consumers and brands that brings a consumer-facing mark designed to highlight the authenticity and signify transparency. </font></p> <p style="margin: 0pt; text-align: justify; text-indent: 33.3333pt; line-height: 1.3;"><font style="font-family: 'Times New Roman'; font-size: 10pt; text-indent: 0pt;"> </font><br/></p> <p style="margin: 0pt; text-align: justify; text-indent: 33.3333pt; line-height: 1.3;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We consult with clients on a wide range of areas to help them successfully maintain compliance with state laws and regulations. We provide project-focused consulting services to clients who are initiating or expanding their cannabis business operations or are interested in data consulting engagements with respect to the legal cannabis industry. Our advisory engagements include service offerings focused on compliance requirement assessments, readiness and best practices, compliance monitoring systems, application processes, inspection readiness and business plan and compliance reviews. We typically provide our consulting services to clients in emerging markets that are seeking consultation on newly introduced licensing regimes and assistance with the regulatory compliant build-out of operations. </font></p> <p style="margin: 0pt; text-align: justify; text-indent: 0pt; line-height: 1.4;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><br/></font></font></p> <p style="margin: 0pt; text-indent: 0pt; line-height: 1.4;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Liquidity and <font style="line-height: inherit;">Capital <font style="line-height: inherit;">Resources</font></font></font></p> <p style="margin: 0pt; text-indent: 0pt; line-height: 1.4;"><font style="line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></font></font></p> <p style="margin: 0pt; text-indent: 33.3333pt; line-height: 1.3;"><font style="line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Since our i<font style="line-height: inherit;">nception</font>, we have incurred recurring operating losses, used cash from operations, and relied on capital raising transactions to continue ongoing operations. During the three months ended March 31, 2021, we incurred a loss from operations of $<font>3.5</font> million and used cash in operations of $<font>1.4</font> million.<font style="line-height: inherit;"> </font>As of March 31, 2021, we had cash of $<font style="line-height: inherit;"><font>15.4</font> </font>million, excluding restricted cash, and working capital of $<font>6.5</font> million.</font></font></p> <p style="margin: 0in; text-align: justify; line-height: 1.4;"><font style="line-height: inherit;"> </font></p> <p style="margin: 0pt;text-align: justify;line-height: 1.3;text-indent: 33.3333pt;font-family: 'Times New Roman';font-size: 10pt;"><font style="font-size: 10pt; text-indent: 25pt; line-height: inherit;">During <font>2020</font>, we implemented a number of cost reduction initiatives reducing <font style="border-left: none; border-right: none;">costs and identifying cost savings that we expect to result in annual savings of an additional $<font>3.0</font> million to $<font>4.0</font> million</font>, primarily a result of a reduction in workforce. On December 23, 2020, we entered into waivers with all the holders of our outstanding senior secured convertible notes. We may now elect, to pay installment amounts under the Notes prior to April 1, 2021, by issuing shares of common stock pursuant to installment conversions or by paying cash. On February 2, 2021, we agreed, in connection with the Company’s installment notice for the February 1, 2021 installment amount, to increase the installment amount for February 1, 2021, in the aggregate, by $<font>4,400,000</font>. From February 11, 2021 through March 10, 2021, we issued shares of common stock of </font>Akerna<font style="font-size: 10pt; text-indent: 25pt; line-height: inherit;"> to the holders of </font>Akerna’s<font style="font-size: 10pt; text-indent: 25pt; line-height: inherit;"> convertible notes upon conversion of installment amounts. As of March 31, 2021, the principal balance of the senior secured convertible notes was $<font>7.5</font> million, which we can settle in cash or by issuing shares at the company's election.</font></p> </div> <div> <div style="border-left: none; border-right: none;"> <p style="margin: 0cm; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10.0pt;"> </font></p> <p style="margin: 0pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif; text-indent: 33.3333pt; line-height: 1.3;"><font lang="EN-US" style="font-size: 10pt; line-height: inherit;"></font><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times; line-height: inherit;">After considering all available evidence, we determined that, due to our current positive working capital, our ability to repay our senior secured convertible note with shares of our common stock, and our initiatives to reduce operating expenditures, that we have sufficient working capital to sustain operations for a period of at least <font>twelve</font> months from the date that our March 31, 2021 financial statements were issued. Management will continue to evaluate our liquidity and capital resources.</font><font lang="EN-US" style="font-size: 10pt; line-height: inherit;"></font></p> <p style="margin: 0pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif; text-indent: 33.3333pt;"><font lang="EN-US" style="font-size: 10.0pt;"> </font></p> <p style="margin: 0pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif; text-indent: 33.3333pt; line-height: 1.3;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times; line-height: inherit;">From time to time, we may pursue various strategic business opportunities. These opportunities may include investment in or ownership of additional technology companies through direct investments, acquisitions, joint ventures, and other arrangements. We can provide no assurance that we will successfully identify such opportunities or that, if we identify and pursue any of these opportunities, any of them will be consummated. Consequently, we may raise additional equity or debt capital or enter into arrangements to secure the necessary financing to fund the completion of such strategic business opportunities, although no assurance can be provided that we will be successful in completing a future capital raise. The sale of additional equity could result in additional dilution to our existing stockholders, and financing arrangements may not be available to us, or may not be available in sufficient amounts or on acceptable terms. Our future operating performance will be subject to future economic conditions and to financial, business, and other factors, many of which are beyond our control.</font></p> </div> </div> </div> | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
975312 | USD |
| CY2020Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021Q1 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
769773 | USD |
| CY2020Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2824 | USD |
| CY2021Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
USD | |
| CY2021Q1 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
8467292 | USD |
| CY2021Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2941648 | USD |
| CY2021Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1852962 | USD |
| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6270 | USD |
| CY2021Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-236339 | USD |
| CY2021Q1 | us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
377325 | USD |
| CY2020Q1 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
604851 | USD |
| CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
58925 | USD |
| CY2020Q1 | us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
USD | |
| CY2021Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-1579 | USD |
| CY2021Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
15426759 | USD |
| CY2021Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
500000 | USD |
| CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-230 | USD |
| CY2021Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-704637 | USD |
| CY2020Q1 | us-gaap |
Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
|
53621 | USD |
| CY2021Q1 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
7803475 | USD |
| CY2021Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | |
| CY2021Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Akerna Corp. | |
| CY2021Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2021Q1 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
8781302 | USD |
| CY2020Q4 | kern |
Exchangable Preferred Stock
ExchangablePreferredStock
|
20405219 | USD |
| CY2020Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
19901248 | shares |
| CY2020Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
USD | |
| CY2020Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-101237 | USD |
| CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-4608387 | USD |
| CY2020Q2 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
15068000 | USD |
| CY2021Q1 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
4773000 | USD |
| CY2021Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2021-03-31 | |
| CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
8771020 | shares |
| CY2020Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6214579 | shares |
| CY2021Q1 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
16584000 | USD |
| CY2021Q1 | kern |
Cost Reduction Initiatives Description
CostReductionInitiativesDescription
|
cost reduction initiatives reducing costs and identifying costs savings that we expect to result in annual savings of an additional $3.0 million to $4.0 million. | |
| CY2021Q1 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
4201065 | USD |
| CY2020Q1 | kern |
Amortization Of Deferred Contract Costs
AmortizationOfDeferredContractCosts
|
USD | |
| CY2021Q1 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
704637 | USD |
| CY2021Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
333847 | USD |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
USD | |
| CY2021Q1 | us-gaap |
Loss On Sale Of Investments
LossOnSaleOfInvestments
|
3782 | USD |
| CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19280897 | USD |
| CY2021Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-10516 | USD |
| CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15926759 | USD |
| CY2020Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
-101340 | USD |
| CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18340640 | USD |
| CY2021Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
152455 | USD |
| CY2020Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
301948 | USD |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-333847 | USD |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-557132 | USD |
| CY2020Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
208729 | USD |
| CY2021Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
503379 | USD |
| CY2021Q1 | kern |
Amortization Of Deferred Contract Costs
AmortizationOfDeferredContractCosts
|
118519 | USD |
| CY2020Q1 | us-gaap |
Loss On Sale Of Investments
LossOnSaleOfInvestments
|
USD | |
| CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6457703 | USD |
| CY2020Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
12469737 | shares |
| CY2020Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-124 | USD |
| CY2020Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
| CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
| CY2021Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
23067517 | shares |
| CY2021Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-104727 | USD |
| CY2021Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-6470933 | USD |
| CY2021Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-13000 | USD |
| CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
59766044 | USD |
| CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
301948 | USD |
| CY2020Q1 | kern |
Common Shares Issued In Exchange For Interest Inconsolidated Subsidiary
CommonSharesIssuedInExchangeForInterestInconsolidatedSubsidiary
|
17550000 | USD |
| CY2020Q1 | kern |
Noncontrolling Interests In Acquired Subsidiary
NoncontrollingInterestsInAcquiredSubsidiary
|
4863433 | USD |
| CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
503379 | USD |
| CY2020Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
USD | |
| CY2021Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
333847 | USD |
| CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
57222620 | USD |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
USD | |
| CY2021Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div> <p style="margin: 0cm; font-size: 10pt; font-family: 'Times New Roman', serif; line-height: 1.3;"><font style="font-family: 'times new roman', times; line-height: inherit;"><b><i><font lang="EN-US" style="font-size: 10pt; line-height: inherit;">Concentrations of Credit Risk</font></i></b></font></p> <p style="margin: 0cm; font-size: 10pt; font-family: 'Times New Roman', serif; line-height: 1.3;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times; line-height: inherit;"><br/></font></p> <p style="margin: 0pt; font-size: 10pt; font-family: 'Times New Roman', serif; text-indent: 33.3333pt; line-height: 1.3; text-align: justify;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times; line-height: inherit;">We grant credit in the normal course of business to customers in the United States. We periodically perform credit analysis and monitor the financial condition of our customers to reduce credit risk. </font></p> <p style="margin: 0pt; font-size: 10pt; font-family: 'Times New Roman', serif; text-indent: 33.3333pt; line-height: 1.3;"><font lang="EN-US" style="font-size: 10pt; color: #000000; line-height: inherit;"><font style="font-family: 'times new roman', times; background-color: #ffff00; line-height: inherit;"><br/></font></font></p> <p style="margin: 0pt; font-size: 10pt; font-family: 'Times New Roman', serif; text-indent: 33.3333pt; line-height: 1.3; text-align: justify;"><font lang="EN-US" style="font-size: 10pt; color: #000000; line-height: inherit;"><font style="font-family: 'times new roman', times; line-height: inherit;">During the three months ended March 31, 2021 and <font>2020</font>, <font>one</font> government client accounted for <font style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; line-height: inherit;"><font>12</font><font style="line-height: inherit;">%</font></font><font style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; line-height: inherit;"> and <font>25</font>% of total revenues, respectively. As of March 31, 2021 and December 31, 2020, </font><font>two</font> government clients accounted for a total of <font style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; line-height: inherit;"><font>34</font></font>% and <font>36</font>% of net accounts receivable, respectively. </font></font></p> </div> | |
| CY2021Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1991272 | USD |
| CY2020Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
6553029 | USD |
| CY2020Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
874787 | USD |
| CY2021Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
1454167 | USD |
| CY2020Q1 | us-gaap |
Interest Expense
InterestExpense
|
USD | |
| CY2020Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-4608387 | USD |
| CY2020Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
USD | |
| CY2021Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
18801 | USD |
| CY2021Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1052882 | USD |
| CY2021Q1 | kern |
Preferred Stock Liquidation Description
PreferredStockLiquidationDescription
|
special voting preferred stock has a par value of $0.0001 per share and a preference in liquidation of $1.00. | |
| CY2020Q4 | us-gaap |
Assets Current
AssetsCurrent
|
22552914 | USD |
| CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
19901248 | shares |
| CY2021Q1 | kern |
Deferred Revenue Revenue Recognized
DeferredRevenueRevenueRecognized
|
800000 | USD |
| CY2021Q1 | kern |
Unsatisfiedperformanceobligations
Unsatisfiedperformanceobligations
|
1100000 | USD |
| CY2021Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
214000 | USD |
| CY2021Q1 | kern |
Amortized Costs
AmortizedCosts
|
-119000 | USD |
| CY2021Q1 | us-gaap |
Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
|
105000 | USD |
| CY2020Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
228000 | USD |
| CY2020Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
844000 | USD |
| CY2021Q1 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
4014000 | USD |
| CY2021Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
582000 | USD |
| CY2021Q1 | us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
3752000 | USD |
| CY2020Q1 | kern |
Adjustedforadoption
Adjustedforadoption
|
3071000 | USD |
| CY2021Q1 | kern |
Adjustedforadoption
Adjustedforadoption
|
4014000 | USD |
| CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodIntrinsicValue
|
0.0001 | |
| CY2021Q1 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-6717000 | USD |
| CY2021Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
319989 | USD |
| CY2021Q1 | kern |
Accrued Contractors
AccruedContractors
|
1172404 | USD |
| CY2021Q1 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
266086 | USD |
| CY2021Q1 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
294029 | USD |
| CY2021Q1 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
512419 | USD |
| CY2021Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
495819 | USD |
| CY2020Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
531654 | USD |
| CY2020Q4 | kern |
Accrued Contractors
AccruedContractors
|
1281857 | USD |
| CY2020Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
311379 | USD |
| CY2020Q4 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
216367 | USD |
| CY2020Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
333709 | USD |
| CY2020Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
513610 | USD |
| CY2020Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
2458727 | USD |
| CY2020Q4 | us-gaap |
Other Assets
OtherAssets
|
68495 | USD |
| CY2020Q4 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
612446 | USD |
| CY2020Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
243222 | USD |
| CY2020Q4 | kern |
Prepaid Professional Fees
PrepaidProfessionalFees
|
826195 | USD |
| CY2020Q4 | kern |
Prepaid Expenses Software And Technology
PrepaidExpensesSoftwareAndTechnology
|
480651 | USD |
| CY2021Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
2095614 | USD |
| CY2021Q1 | us-gaap |
Other Assets
OtherAssets
|
54303 | USD |
| CY2021Q1 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
549730 | USD |
| CY2021Q1 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
118762 | USD |
| CY2021Q1 | kern |
Prepaid Professional Fees
PrepaidProfessionalFees
|
653104 | USD |
| CY2021Q1 | kern |
Prepaid Expenses Software And Technology
PrepaidExpensesSoftwareAndTechnology
|
505679 | USD |
| CY2021Q1 | kern |
Stock Issued During Period Change In Fair Value Of Debt
StockIssuedDuringPeriodChangeInFairValueOfDebt
|
-13000 | USD |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
8467500 | USD |
| CY2021Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | Segment |
| CY2021Q1 | us-gaap |
Secured Debt
SecuredDebt
|
7500000 | USD |
| CY2021Q1 | kern |
Installment Amount
InstallmentAmount
|
4400000 | USD |
| CY2020Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
| CY2020Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
3071000 | USD |
| CY2021Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
4014000 | USD |
| CY2021Q1 | us-gaap |
Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
|
0 | USD |
| CY2021Q1 | kern |
Stock Issued During Period Value Settlement Of Liabilities
StockIssuedDuringPeriodValueSettlementOfLiabilities
|
377325 | USD |
| CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
19773131 | USD |
| CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
37880125 | USD |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
USD | |
| CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
59766044 | USD |
| CY2021Q1 | us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
-230 | USD |
| CY2020Q1 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
USD | |
| CY2020Q4 | kern |
Litigation Of Business Description
LitigationOfBusinessDescription
|
TechMagic USA LLC filed suit against our wholly-owned subsidiary, Solo, in Massachusetts Superior Court, Department Business Litigation, seeking recovery of up to approximately $1.07 million for unpaid invoices pursuant to a Master Services Agreement dated February 5, 2018 by and between TechMagic and Solo. The invoices set forth services that TechMagic USA LLC purports to have provided to Solo regarding development of mobile software applications for MJF and Solo between March and November 2020 totaling approximately $787,000. During our fiscal year ended June 30, 2020, we received invoices totaling an aggregate amount of approximately $392,000. After our year ended June 30, 2020, through December 31, 2020, we have received invoices totaling an aggregate amount of approximately $395,000. The suit seeks continued fees under the Master Services Agreement through the end of January 2021. Akerna provided a notice of termination of the Master Services Agreement on November 23, 2020 and the parties dispute the effective date of the termination. Solo disputes the validity of the invoices, in whole or in part, and intends to defend the suit vigorously. Mr. Ashesh Shah, formerly the president of Solo and currently the holder of 5.1% of our issued and outstanding shares of common stock is, to our knowledge, the founder and one of the principal managers of TechMagic USA LLC. As of March 31, 2021 and December 31, 2020, we recognized a loss contingency of $0.6 million. | |
| CY2020Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
631319 | USD |
| CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2413881 | USD |
| CY2020Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
USD | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-234203 | USD |
| CY2020Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
USD | |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
USD | |
| CY2021Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2020Q4 | us-gaap |
Assets
Assets
|
77169072 | USD |
| CY2021Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
USD | |
| CY2020Q1 | us-gaap |
Interest Income Other
InterestIncomeOther
|
33522 | USD |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.01 | ||
| CY2020 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
1962034 | USD |
| CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14419027 | USD |
| CY2019Q2 | us-gaap |
Liabilities
Liabilities
|
5484503 | USD |
| CY2020Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
1058228 | USD |
| CY2019 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-2015812 | USD |
| CY2020Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
71902474 | USD |
| CY2020 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.14 | |
| CY2019Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
46299233 | USD |
| CY2019Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
3042000 | USD |
| CY2021Q1 | kern |
Changes In Fair Value Reported In Statements Of Operations
ChangesInFairValueReportedInStatementsOfOperations
|
1991272 | USD |
| CY2021Q1 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
7697727 | USD |
| CY2020Q2 | kern |
Debt Purchase Price
DebtPurchasePrice
|
15000000 | USD |
| CY2021Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div> <p style="margin: 0cm; font-size: 10pt; font-family: 'Times New Roman', serif; line-height: 1.3;"><font style="font-family: 'times new roman', times; line-height: inherit;"><b><i><font lang="EN-US" style="font-size: 10pt; line-height: inherit;">Reclassifications and Revisions</font></i></b><font lang="EN-US" style="font-size: 10pt; line-height: inherit;"></font></font></p> <p style="margin: 0pt; text-align: justify; line-height: 1.3; font-size: 7pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; line-height: inherit;"> </font></p> <p style="margin: 0pt; font-size: 10pt; font-family: 'Times New Roman', serif; line-height: 1.3; text-indent: 33.3333pt; text-align: justify;"><font lang="EN-US" style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Certain prior year financial statement amounts have been reclassified for consistency with the current year presentation.</font></p> </div> | |
| CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13572311 | USD |
| CY2020Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.28 | |
| CY2020Q2 | us-gaap |
Liabilities
Liabilities
|
23013441 | USD |
| CY2019Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-27582558 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-16210482 | USD | |
| CY2020Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-41154869 | USD |
| CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3979230 | USD |
| us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
746852 | USD | |
| CY2020Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
762646 | USD |
| CY2020Q4 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
13398000 | USD |
| CY2021Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="margin: 0cm; text-align: justify; font-size: 10pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b><i><font lang="EN-US" style="font-size: 10.0pt;">Use of Estimates</font></i></b></font></p> <p style="margin: 0cm; text-align: justify; font-size: 10pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; line-height: inherit;"><b><i><font lang="EN-US" style="font-size: 10pt; line-height: inherit;"><br/></font></i></b></font></p> <p style="margin: 0pt; text-align: justify; font-size: 10pt; font-family: 'Times New Roman', serif; text-indent: 33.3333pt;"><font style="font-family: 'times new roman', times; line-height: inherit;"><b><i><font lang="EN-US" style="font-size: 10pt; line-height: inherit;"></font></i></b></font><font lang="EN-US" style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'times new roman', times; line-height: inherit;">The preparation of our condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts included in the financial statements and accompanying notes thereto. <font style="color: #000000; line-height: inherit;">We base our estimates on assumptions that we believe to be reasonable under the circumstances, the results of which form a basis for making judgments about the carrying value of assets and liabilities that are not readily available from other sources.</font> Actual results could differ materially from those estimates <font style="color: #000000; line-height: inherit;">under different assumptions or conditions; however, we believe that our estimates are reasonable</font>. </font></font></p> </div> |
