$GVP
GSE Systems Inc

2021 Q2 Form 10-Q Financial Statement

#000114036121028519 Filed on August 16, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $13.52M $14.34M
YoY Change -5.7% -38.87%
Cost Of Revenue $10.83M $10.78M
YoY Change 0.51% -38.73%
Gross Profit $2.689M $3.562M
YoY Change -24.51% -39.29%
Gross Profit Margin 19.89% 24.84%
Selling, General & Admin $3.522M $4.722M
YoY Change -25.41% 8.73%
% of Gross Profit 130.98% 132.57%
Research & Development $154.0K $179.0K
YoY Change -13.97% 14.74%
% of Gross Profit 5.73% 5.03%
Depreciation & Amortization $71.00K $70.00K
YoY Change 1.43% -31.37%
% of Gross Profit 2.64% 1.97%
Operating Expenses $4.050M $5.415M
YoY Change -25.21% 3.32%
Operating Profit -$1.361M -$1.853M
YoY Change -26.55% -396.01%
Interest Expense -$49.00K -$140.0K
YoY Change -65.0% -66.67%
% of Operating Profit
Other Income/Expense, Net $4.637M $24.00K
YoY Change 19220.83% -226.32%
Pretax Income $3.227M -$1.969M
YoY Change -263.89% -1136.32%
Income Tax -$4.000K $180.0K
% Of Pretax Income -0.12%
Net Earnings $3.231M -$2.149M
YoY Change -250.35% 894.91%
Net Earnings / Revenue 23.89% -14.99%
Basic Earnings Per Share $0.16
Diluted Earnings Per Share $0.16 -$105.3K
COMMON SHARES
Basic Shares Outstanding 20.65M 20.41M
Diluted Shares Outstanding 20.70M 20.41M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.829M $18.30M
YoY Change -79.08% 89.25%
Cash & Equivalents $3.829M $18.30M
Short-Term Investments
Other Short-Term Assets $5.287M $1.940M
YoY Change 172.53% -12.22%
Inventory
Prepaid Expenses
Receivables $11.37M $12.34M
Other Receivables $0.00 $0.00
Total Short-Term Assets $20.48M $32.57M
YoY Change -37.1% 5.24%
LONG-TERM ASSETS
Property, Plant & Equipment $791.0K $756.0K
YoY Change 4.63% -31.46%
Goodwill $13.34M $13.34M
YoY Change 0.0% 0.0%
Intangibles $3.589M $5.063M
YoY Change -29.11% -56.62%
Long-Term Investments
YoY Change
Other Assets $58.00K $61.00K
YoY Change -4.92% -4.69%
Total Long-Term Assets $19.63M $21.69M
YoY Change -9.5% -42.76%
TOTAL ASSETS
Total Short-Term Assets $20.48M $32.57M
Total Long-Term Assets $19.63M $21.69M
Total Assets $40.12M $54.26M
YoY Change -26.07% -21.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.005M $505.0K
YoY Change 99.01% -73.12%
Accrued Expenses $1.430M $1.109M
YoY Change 28.94% -3.14%
Deferred Revenue $4.693M $7.132M
YoY Change -34.2% 15.69%
Short-Term Debt $2.317M $3.500M
YoY Change -33.8%
Long-Term Debt Due $10.12M $9.815M
YoY Change 3.09% 105.77%
Total Short-Term Liabilities $25.52M $29.21M
YoY Change -12.64% 43.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $10.00M
YoY Change -100.0% -38.12%
Other Long-Term Liabilities $282.0K $636.0K
YoY Change -55.66% -53.75%
Total Long-Term Liabilities $282.0K $10.64M
YoY Change -97.35% -39.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.52M $29.21M
Total Long-Term Liabilities $282.0K $10.64M
Total Liabilities $27.11M $42.25M
YoY Change -35.83% 2.11%
SHAREHOLDERS EQUITY
Retained Earnings -$64.17M -$63.06M
YoY Change 1.75% 33.94%
Common Stock $225.0K $221.0K
YoY Change 1.81% 1.84%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.999M $2.999M
YoY Change 0.0% 0.0%
Treasury Stock Shares $1.599M $1.599M
Shareholders Equity $13.00M $12.01M
YoY Change
Total Liabilities & Shareholders Equity $40.12M $54.26M
YoY Change -26.07% -21.19%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $3.231M -$2.149M
YoY Change -250.35% 894.91%
Depreciation, Depletion And Amortization $71.00K $70.00K
YoY Change 1.43% -31.37%
Cash From Operating Activities $831.0K $380.0K
YoY Change 118.68% -218.75%
INVESTING ACTIVITIES
Capital Expenditures -$241.0K -$90.00K
YoY Change 167.78% -25.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $10.00K
YoY Change -100.0% 0.0%
Cash From Investing Activities -$241.0K -$80.00K
YoY Change 201.25% -27.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -526.0K 6.500M
YoY Change -108.09% -637.19%
NET CHANGE
Cash From Operating Activities 831.0K 380.0K
Cash From Investing Activities -241.0K -80.00K
Cash From Financing Activities -526.0K 6.500M
Net Change In Cash 64.00K 6.800M
YoY Change -99.06% -514.63%
FREE CASH FLOW
Cash From Operating Activities $831.0K $380.0K
Capital Expenditures -$241.0K -$90.00K
Free Cash Flow $1.072M $470.0K
YoY Change 128.09% -335.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0000944480
gvp Warranty Terms For Sdb Contracts
WarrantyTermsForSDBContracts
P1Y
CY2020Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OperatingLeaseRightOfUseAsset
CY2021Q2 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OperatingLeaseRightOfUseAsset
CY2020Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent
CY2021Q2 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent
CY2020Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OperatingLeaseLiabilityNoncurrent
CY2021Q2 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OperatingLeaseLiabilityNoncurrent
gvp Contract Term
ContractTerm
P2Y
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-14785
dei Entity Registrant Name
EntityRegistrantName
GSE Systems, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
52-1868008
dei Entity Address Address Line1
EntityAddressAddressLine1
1332 LONDONTOWN BLVD
dei Entity Address City Or Town
EntityAddressCityOrTown
SYKESVILLE
dei Entity Address State Or Province
EntityAddressStateOrProvince
MD
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
21784
dei City Area Code
CityAreaCode
410
dei Local Phone Number
LocalPhoneNumber
970-7874
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
dei Security12b Title
Security12bTitle
Common Stock, $0.01 Par Value
dei Trading Symbol
TradingSymbol
GVP
CY2021Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
20863518
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3829000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6702000
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11368000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
10494000
CY2021Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5287000
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1554000
CY2021Q2 us-gaap Assets Current
AssetsCurrent
20484000
CY2020Q4 us-gaap Assets Current
AssetsCurrent
18750000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
791000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
616000
CY2021Q2 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
575000
CY2020Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
630000
CY2021Q2 us-gaap Goodwill
Goodwill
13339000
CY2020Q4 us-gaap Goodwill
Goodwill
13339000
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3589000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4234000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1279000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1562000
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
58000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
59000
CY2021Q2 us-gaap Assets
Assets
40115000
CY2020Q4 us-gaap Assets
Assets
39190000
CY2021Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
2317000
CY2020Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
3006000
CY2021Q2 us-gaap Short Term Non Bank Loans And Notes Payable
ShortTermNonBankLoansAndNotesPayable
10118000
CY2020Q4 us-gaap Short Term Non Bank Loans And Notes Payable
ShortTermNonBankLoansAndNotesPayable
5034000
CY2021Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1005000
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
570000
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1430000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1297000
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2389000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1505000
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4693000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5285000
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
547000
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
665000
CY2021Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
1623000
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1621000
CY2021Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1393000
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2498000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5034000
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
25515000
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
21481000
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1315000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1831000
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
282000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
339000
CY2021Q2 us-gaap Liabilities
Liabilities
27112000
CY2020Q4 us-gaap Liabilities
Liabilities
28685000
CY2021Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22460679
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22192569
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
20861768
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
20593658
CY2021Q2 us-gaap Common Stock Value
CommonStockValue
225000
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
222000
CY2021Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
80024000
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
79687000
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-64165000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-65191000
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-82000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1214000
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1598911
CY2021Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1598911
CY2021Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2999000
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2999000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
13003000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
10505000
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
40115000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
39190000
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
0
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
5000
CY2021Q2 gvp Working Capital Deficit
WorkingCapitalDeficit
-5000000.0
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4701000
CY2020Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
5694000
CY2021Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
7577000
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
5160000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
213000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
360000
CY2021Q2 us-gaap Billed Contract Receivables
BilledContractReceivables
4004000
CY2021Q2 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
11368000
CY2020Q4 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
10494000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-133000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
93000
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4300000
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12442000
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-8853000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3589000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16744000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-8208000
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
4302000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4234000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
569000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
911000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
640000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
435000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
335000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
CY2021Q2 gvp Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
699000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3589000
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5734000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5432000
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4943000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4816000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
791000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
616000
us-gaap Depreciation
Depreciation
147000
us-gaap Depreciation
Depreciation
178000
CY2021Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
15000
CY2021Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
15000
CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
435000
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
435000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
18500000
CY2021Q2 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
547000
CY2021Q2 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
197000
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
922000
us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
124000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
54000
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
0
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
744000
gvp Number Of Distinct Revenue Streams
NumberOfDistinctRevenueStreams
3
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
13522000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14340000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26626000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32045000
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1115000
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
939000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3304000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3227000
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1969000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
987000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8357000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
180000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-39000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
50000
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.091
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.040
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.006
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.040
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.040
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.091
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.006
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
gvp Minimum Probability Of Uncertain Tax Position To Be Recognized
MinimumProbabilityOfUncertainTaxPositionToBeRecognized
0.50
gvp Probability Of Tax Position Realized Upon Ultimate Settlement Minimum
ProbabilityOfTaxPositionRealizedUponUltimateSettlementMinimum
0.50
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
800000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1279000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1562000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1099000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1138000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1315000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1831000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2414000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2969000
gvp Sublease Square Feet May2019
SubleaseSquareFeetMay2019
3650
gvp Sublease Date May2019
SubleaseDateMay2019
2019-05-01
gvp Sublease Square Feet April2017
SubleaseSquareFeetApril2017
3822
gvp Sublease Date April2017
SubleaseDateApril2017
2017-04-01
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
177000
CY2020Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
321000
us-gaap Operating Lease Expense
OperatingLeaseExpense
369000
us-gaap Operating Lease Expense
OperatingLeaseExpense
418000
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
14000
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
30000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1000
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
32000
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
32000
us-gaap Sublease Income
SubleaseIncome
64000
us-gaap Sublease Income
SubleaseIncome
64000
CY2021Q2 us-gaap Lease Cost
LeaseCost
159000
CY2020Q2 us-gaap Lease Cost
LeaseCost
290000
us-gaap Lease Cost
LeaseCost
335000
us-gaap Lease Cost
LeaseCost
355000
gvp Number Of Tenants
NumberOfTenants
2
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
613000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1171000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
638000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
122000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10000
CY2021Q2 gvp Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
3000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2557000
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
143000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2414000
CY2021Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P2Y2M26D
CY2020Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P2Y7M20D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0500
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0500
us-gaap Operating Lease Cost
OperatingLeaseCost
639000
us-gaap Operating Lease Cost
OperatingLeaseCost
675000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
13522000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14340000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26626000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32045000
CY2021Q2 gvp Provision For Legal Settlement
ProvisionForLegalSettlement
0
CY2020Q2 gvp Provision For Legal Settlement
ProvisionForLegalSettlement
-861000
gvp Provision For Legal Settlement
ProvisionForLegalSettlement
0
us-gaap Operating Income Loss
OperatingIncomeLoss
-7986000
CY2021Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-49000
CY2020Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-187000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-103000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-428000
CY2021Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0
gvp Provision For Legal Settlement
ProvisionForLegalSettlement
-861000
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Asset Impairment Charges
AssetImpairmentCharges
4302000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1361000
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1853000
us-gaap Operating Income Loss
OperatingIncomeLoss
-3548000
CY2020Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
47000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
4000
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4637000
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
24000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4638000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
53000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3227000
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1969000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
987000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8357000
CY2020Q3 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
625000
CY2020Q3 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
1400000
CY2020Q3 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
952000
CY2020 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
477000

Files In Submission

Name View Source Status
0001140361-21-028519-index-headers.html Edgar Link pending
0001140361-21-028519-index.html Edgar Link pending
0001140361-21-028519.txt Edgar Link pending
0001140361-21-028519-xbrl.zip Edgar Link pending
brhc10028075_10q.htm Edgar Link pending
brhc10028075_10q_htm.xml Edgar Link completed
brhc10028075_ex31-1.htm Edgar Link pending
brhc10028075_ex31-2.htm Edgar Link pending
brhc10028075_ex32-1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gvp-20210630.xsd Edgar Link pending
gvp-20210630_cal.xml Edgar Link unprocessable
gvp-20210630_def.xml Edgar Link unprocessable
gvp-20210630_lab.xml Edgar Link unprocessable
gvp-20210630_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending