$GVP
GSE Systems Inc

2023 Q2 Form 10-Q Financial Statement

#000114036123024740 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $12.39M $10.87M $12.28M
YoY Change -2.81% -11.42% -6.33%
Cost Of Revenue $9.172M $8.478M $9.848M
YoY Change -4.19% -13.91% -3.22%
Gross Profit $3.215M $2.395M $2.427M
YoY Change 1.36% -1.32% -17.11%
Gross Profit Margin 25.95% 22.03% 19.77%
Selling, General & Admin $3.653M $4.788M $4.507M
YoY Change -17.17% 6.23% 20.7%
% of Gross Profit 113.62% 199.92% 185.7%
Research & Development $154.0K $181.0K $142.0K
YoY Change -15.38% 27.46% -9.55%
% of Gross Profit 4.79% 7.56% 5.85%
Depreciation & Amortization $53.00K $48.00K $72.00K
YoY Change -26.39% -33.33% -5.26%
% of Gross Profit 1.65% 2.0% 2.97%
Operating Expenses $3.991M $5.178M $4.981M
YoY Change -18.47% 3.96% -2.62%
Operating Profit -$776.0K -$2.783M -$2.554M
YoY Change -54.96% 8.97% 16.78%
Interest Expense -$596.0K -$217.0K -$729.0K
YoY Change -276.85% -70.23% 1358.0%
% of Operating Profit
Other Income/Expense, Net -$98.00K $10.00K $16.00K
YoY Change 36.11% -37.5% 1500.0%
Pretax Income -$1.470M -$2.990M -$3.267M
YoY Change 0.82% -8.48% 45.85%
Income Tax $28.00K -$39.00K $167.0K
% Of Pretax Income
Net Earnings -$1.498M -$2.951M -$3.434M
YoY Change 6.92% -14.07% 55.74%
Net Earnings / Revenue -12.09% -27.14% -27.98%
Basic Earnings Per Share -$0.06 -$0.13 -$0.16
Diluted Earnings Per Share -$0.06 -$0.13 -$0.16
COMMON SHARES
Basic Shares Outstanding 23.56M 23.56M 20.98M
Diluted Shares Outstanding 24.19M 22.93M 20.98M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.775M $1.265M $5.448M
YoY Change -66.91% -76.78% 45.28%
Cash & Equivalents $1.775M $1.265M $5.448M
Short-Term Investments
Other Short-Term Assets $1.330M $1.782M $4.299M
YoY Change -57.7% -58.55% 190.47%
Inventory
Prepaid Expenses
Receivables $10.19M $10.46M $10.42M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.30M $13.51M $20.17M
YoY Change -26.31% -33.01% 18.8%
LONG-TERM ASSETS
Property, Plant & Equipment $682.0K $724.0K $850.0K
YoY Change -17.73% -14.82% 22.48%
Goodwill $6.299M $6.299M
YoY Change -52.78%
Intangibles $1.395M $1.526M
YoY Change -44.84%
Long-Term Investments
YoY Change
Other Assets $42.00K $52.00K $1.635M
YoY Change -17.65% -96.82% 2671.19%
Total Long-Term Assets $10.75M $10.63M $20.19M
YoY Change -43.85% -47.33% 0.91%
TOTAL ASSETS
Total Short-Term Assets $13.30M $13.51M $20.17M
Total Long-Term Assets $10.75M $10.63M $20.19M
Total Assets $24.05M $24.14M $40.35M
YoY Change -35.34% -40.17% 9.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.719M $1.560M $1.133M
YoY Change 48.7% 37.69% 53.32%
Accrued Expenses $2.490M $2.045M $5.618M
YoY Change 69.27% -63.6% 284.27%
Deferred Revenue $3.157M $4.104M
YoY Change -28.41%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $851.0K $2.693M $830.0K
YoY Change -55.09% 224.46% -90.6%
Total Short-Term Liabilities $14.27M $15.67M $16.55M
YoY Change -6.65% -5.34% -32.38%
LONG-TERM LIABILITIES
Long-Term Debt $1.670M $0.00 $2.955M
YoY Change -25.55% -100.0% 134.52%
Other Long-Term Liabilities $214.0K $192.0K $785.0K
YoY Change -38.51% -75.54% 198.48%
Total Long-Term Liabilities $1.884M $192.0K $3.740M
YoY Change -27.29% -94.87% 145.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.27M $15.67M $16.55M
Total Long-Term Liabilities $1.884M $192.0K $3.740M
Total Liabilities $16.51M $15.97M $20.29M
YoY Change -8.73% -21.3% -26.38%
SHAREHOLDERS EQUITY
Retained Earnings -$74.43M -$72.94M
YoY Change 25.27%
Common Stock $264.0K $252.0K
YoY Change 15.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.539M $8.174M $20.06M
YoY Change
Total Liabilities & Shareholders Equity $24.05M $24.14M $40.35M
YoY Change -35.34% -40.17% 9.13%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$1.498M -$2.951M -$3.434M
YoY Change 6.92% -14.07% 55.74%
Depreciation, Depletion And Amortization $53.00K $48.00K $72.00K
YoY Change -26.39% -33.33% -5.26%
Cash From Operating Activities $18.00K -$841.0K $1.083M
YoY Change -96.76% -177.65% -155.31%
INVESTING ACTIVITIES
Capital Expenditures $175.0K $0.00 -$187.0K
YoY Change -214.38% -100.0% -222.22%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$175.0K -$77.00K -$187.0K
YoY Change 14.38% -58.82% -16.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 703.0K -620.0K 2.597M
YoY Change -263.87% -123.87% -455.27%
NET CHANGE
Cash From Operating Activities 18.00K -841.0K 1.083M
Cash From Investing Activities -175.0K -77.00K -187.0K
Cash From Financing Activities 703.0K -620.0K 2.597M
Net Change In Cash 546.0K -1.533M 3.493M
YoY Change -2200.0% -143.89% -218.29%
FREE CASH FLOW
Cash From Operating Activities $18.00K -$841.0K $1.083M
Capital Expenditures $175.0K $0.00 -$187.0K
Free Cash Flow -$157.0K -$841.0K $1.270M
YoY Change -122.14% -166.22% -160.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000944480
CY2023Q1 gvp Term To Pay A Demand For Payment
TermToPayADemandForPayment
P10D
CY2023Q1 gvp Number Of Trading Days Prior To Delivery
NumberOfTradingDaysPriorToDelivery
P20D
CY2023Q1 us-gaap Impairment Of Intangible Asset Finite Lived Statement Of Income Or Comprehensive Income Extensible Enumeration
ImpairmentOfIntangibleAssetFiniteLivedStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2022#IntangibleAssetsNetExcludingGoodwill
CY2023Q1 us-gaap Fair Value Recurring Basis Unobservable Input Reconciliation Liability Gain Loss Statement Of Income Extensible List
FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfIncomeExtensibleList
http://fasb.org/us-gaap/2022#DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
CY2022Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OperatingLeaseRightOfUseAsset
CY2023Q1 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OperatingLeaseRightOfUseAsset
CY2022Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherLiabilitiesCurrent
CY2023Q1 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherLiabilitiesCurrent
CY2022Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OperatingLeaseLiabilityNoncurrent
CY2023Q1 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OperatingLeaseLiabilityNoncurrent
CY2023Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-2951000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-3434000
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-10000
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
181000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2961000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3253000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
10231000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
274000
CY2023Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
0
CY2023Q1 gvp Adjustments To Additional Paid In Capital Income Tax Withheld From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalIncomeTaxWithheldFromShareBasedCompensation
58000
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-10000
CY2023Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
745000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-2951000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
8174000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
23043000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
359000
CY2022Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
0
CY2022Q1 gvp Adjustments To Additional Paid In Capital Income Tax Withheld From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalIncomeTaxWithheldFromShareBasedCompensation
86000
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
181000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-3434000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
20063000
CY2023Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2022Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1
CY2023Q1 gvp Number Of Business Days To Cure Deficiency
NumberOfBusinessDaysToCureDeficiency
P180D
CY2022Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
1
CY2023Q1 gvp Number Of Consecutive Trading Days
NumberOfConsecutiveTradingDays
P10D
CY2023Q1 gvp Number Of Business Days To Cure Deficiency
NumberOfBusinessDaysToCureDeficiency
P180D
CY2023Q1 gvp Additional Period To Increase Stock Price
AdditionalPeriodToIncreaseStockPrice
P180D
CY2023Q1 gvp Additional Period To Increase Stock Price
AdditionalPeriodToIncreaseStockPrice
P180D
CY2023Q1 gvp Number Of Extension Days
NumberOfExtensionDays
P180D
CY2023Q1 gvp Additional Period To Increase Stock Price
AdditionalPeriodToIncreaseStockPrice
P180D
CY2023Q1 gvp Additional Period To Increase Stock Price
AdditionalPeriodToIncreaseStockPrice
P180D
CY2023Q1 gvp Percentage In Which Conversion Price Can Be Adjusted
PercentageInWhichConversionPriceCanBeAdjusted
0.80
CY2023Q1 gvp Number Of Lowest Daily Variable Average Weighted Prices
NumberOfLowestDailyVariableAverageWeightedPrices
3
CY2023Q1 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1.20
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-14400000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-2800000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-2951000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-3434000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22933894
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20980046
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22933894
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20980046
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2856032
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
149271
CY2023Q1 gvp Contract Receivable Period Maximum
ContractReceivablePeriodMaximum
P12M
CY2023Q1 us-gaap Billed Contract Receivables
BilledContractReceivables
5831000
CY2022Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
6074000
CY2023Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
5859000
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
5146000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1226000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1156000
CY2023Q1 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
10464000
CY2022Q4 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
10064000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
9000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
CY2023Q1 gvp Allowance For Doubtful Accounts Receivable Currency Adjustment
AllowanceForDoubtfulAccountsReceivableCurrencyAdjustment
4000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1226000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
32000
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2023Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
72000
CY2022Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
3000
CY2023Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
500000
CY2023Q1 us-gaap Goodwill Gross
GoodwillGross
16709000
CY2023Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
10410000
CY2023Q1 us-gaap Goodwill
Goodwill
6299000
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
16709000
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
10410000
CY2022Q4 us-gaap Goodwill
Goodwill
6299000
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12442000
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10452000
CY2023Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
464000
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1526000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12442000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10291000
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
464000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1687000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
348000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
332000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
255000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
204000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
169000
CY2023Q1 gvp Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
218000
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1526000
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6152000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6151000
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5428000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5379000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
724000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
772000
CY2023Q1 us-gaap Depreciation
Depreciation
48000
CY2022Q1 us-gaap Depreciation
Depreciation
72000
CY2023Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
292000
CY2023Q1 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
117000
CY2023Q1 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
546000
CY2022Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
603000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023Q1 gvp Warranty Terms For Sdb Contracts
WarrantyTermsForSDBContracts
P1Y
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.051
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
503000
CY2023Q1 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
75000
CY2023Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
18000
CY2023Q1 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1000
CY2023Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
409000
CY2023Q1 gvp Number Of Distinct Revenue Streams
NumberOfDistinctRevenueStreams
3
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10873000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12275000
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1850000
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1456000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2990000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3267000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-39000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
167000
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.013
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.051
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.013
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.051
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.013
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q1 gvp Minimum Probability Of Uncertain Tax Position To Be Recognized
MinimumProbabilityOfUncertainTaxPositionToBeRecognized
0.50
CY2023Q1 gvp Probability Of Tax Position Realized Upon Ultimate Settlement Minimum
ProbabilityOfTaxPositionRealizedUponUltimateSettlementMinimum
0.50
CY2023Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
120000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
153000
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
386000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
506000
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
306000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
418000
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
110000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
160000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
416000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
578000
CY2023Q1 gvp Area Of Office Space Leased
AreaOfOfficeSpaceLeased
2200
CY2023Q1 gvp Lease Agreement Date
LeaseAgreementDate
2022-09-26
CY2023Q1 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2024-11-30
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
128000
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
186000
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
15000
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
15000
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
0
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
18000
CY2023Q1 us-gaap Lease Cost
LeaseCost
143000
CY2022Q1 us-gaap Lease Cost
LeaseCost
183000
CY2023Q1 gvp Number Of Tenants
NumberOfTenants
2
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
266000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
151000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
0
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
430000
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
416000
CY2023Q1 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P1Y8M23D
CY2022Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P1Y6M3D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
169000
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
299000
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023Q1 gvp Contract Term
ContractTerm
P2Y
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10873000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12275000
CY2023Q1 us-gaap Gross Profit
GrossProfit
2395000
CY2022Q1 us-gaap Gross Profit
GrossProfit
2427000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-2783000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-2554000
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-286000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-148000
CY2023Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
69000
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-581000
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2990000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3267000

Files In Submission

Name View Source Status
gvp-20230331_def.xml Edgar Link unprocessable
gvp-20230331_pre.xml Edgar Link unprocessable
0001140361-23-024740-index-headers.html Edgar Link pending
0001140361-23-024740-index.html Edgar Link pending
0001140361-23-024740.txt Edgar Link pending
0001140361-23-024740-xbrl.zip Edgar Link pending
brhc20052747_10q.htm Edgar Link pending
brhc20052747_ex31-1.htm Edgar Link pending
brhc20052747_ex31-2.htm Edgar Link pending
brhc20052747_ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gvp-20230331.xsd Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
gvp-20230331_cal.xml Edgar Link unprocessable
brhc20052747_10q_htm.xml Edgar Link completed
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
gvp-20230331_lab.xml Edgar Link unprocessable