$GVP
GSE Systems Inc

2023 Q4 Form 10-Q Financial Statement

#000114036123053281 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $10.22M $11.57M
YoY Change -5.56% -2.79%
Cost Of Revenue $7.611M $7.850M
YoY Change -1.93% -9.16%
Gross Profit $2.604M $3.716M
YoY Change -14.76% 14.13%
Gross Profit Margin 25.49% 32.13%
Selling, General & Admin $3.350M $4.301M
YoY Change -11.26% -0.81%
% of Gross Profit 128.65% 115.74%
Research & Development $98.00K $139.0K
YoY Change -2.97% -25.27%
% of Gross Profit 3.76% 3.74%
Depreciation & Amortization $225.0K $43.00K
YoY Change -13.13% -37.68%
% of Gross Profit 8.64% 1.16%
Operating Expenses $3.597M $5.528M
YoY Change -13.01% -55.08%
Operating Profit -$993.0K -$1.812M
YoY Change -8.06% -79.98%
Interest Expense -$19.00K -$250.0K
YoY Change -92.21% 57.23%
% of Operating Profit
Other Income/Expense, Net -$684.0K -$30.00K
YoY Change 1972.73% 1400.0%
Pretax Income -$2.150M -$2.092M
YoY Change 58.44% -77.29%
Income Tax $103.0K -$70.00K
% Of Pretax Income
Net Earnings -$2.253M -$2.022M
YoY Change 48.61% -77.51%
Net Earnings / Revenue -22.06% -17.48%
Basic Earnings Per Share -$0.82
Diluted Earnings Per Share -$0.82 -$0.82
COMMON SHARES
Basic Shares Outstanding 2.607M 24.80M
Diluted Shares Outstanding 2.481M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.250M $2.040M
YoY Change -19.33% -44.26%
Cash & Equivalents $2.250M $2.000M
Short-Term Investments
Other Short-Term Assets $1.257M $950.0K
YoY Change -60.93% -63.74%
Inventory
Prepaid Expenses $796.0K
Receivables $10.17M $10.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $13.67M $13.69M
YoY Change -14.92% -16.72%
LONG-TERM ASSETS
Property, Plant & Equipment $1.167M $648.0K
YoY Change -8.69% -18.59%
Goodwill $4.908M $5.362M
YoY Change -22.08% -14.88%
Intangibles $1.179M $1.287M
YoY Change -30.11% -30.58%
Long-Term Investments
YoY Change
Other Assets $1.128M $42.00K
YoY Change 91.84% -19.23%
Total Long-Term Assets $9.132M $9.636M
YoY Change -12.41% -14.45%
TOTAL ASSETS
Total Short-Term Assets $13.67M $13.69M
Total Long-Term Assets $9.132M $9.636M
Total Assets $22.81M $23.32M
YoY Change -13.93% -15.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.300M $2.346M
YoY Change 161.49% 229.03%
Accrued Expenses $3.559M $1.832M
YoY Change 0.96% -13.54%
Deferred Revenue $5.119M $4.215M
YoY Change 22.96% 1.52%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $810.0K $1.450M
YoY Change -73.34% -47.5%
Total Short-Term Liabilities $16.34M $16.05M
YoY Change 4.42% 5.89%
LONG-TERM LIABILITIES
Long-Term Debt $637.0K $942.0K
YoY Change 105.48% -20.24%
Other Long-Term Liabilities $483.0K $168.0K
YoY Change 58.88% -1.75%
Total Long-Term Liabilities $1.120M $1.110M
YoY Change 82.41% -17.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.34M $16.05M
Total Long-Term Liabilities $1.120M $1.110M
Total Liabilities $17.46M $17.47M
YoY Change 7.37% 4.52%
SHAREHOLDERS EQUITY
Retained Earnings -$78.71M -$76.46M
YoY Change 12.56% 11.76%
Common Stock $32.00K $26.00K
YoY Change -86.67% -88.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.342M $5.849M
YoY Change
Total Liabilities & Shareholders Equity $22.81M $23.32M
YoY Change -13.93% -15.8%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$2.253M -$2.022M
YoY Change 48.61% -77.51%
Depreciation, Depletion And Amortization $225.0K $43.00K
YoY Change -13.13% -37.68%
Cash From Operating Activities $1.249M $1.130M
YoY Change -10508.33% -227.11%
INVESTING ACTIVITIES
Capital Expenditures $276.0K $140.0K
YoY Change 61.4% -230.84%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$276.0K -$140.0K
YoY Change 61.4% 30.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -808.0K -810.0K
YoY Change 12.38% 23.85%
NET CHANGE
Cash From Operating Activities 1.249M 1.130M
Cash From Investing Activities -276.0K -140.0K
Cash From Financing Activities -808.0K -810.0K
Net Change In Cash 165.0K 180.0K
YoY Change -118.29% -110.91%
FREE CASH FLOW
Cash From Operating Activities $1.249M $1.130M
Capital Expenditures $276.0K $140.0K
Free Cash Flow $973.0K $990.0K
YoY Change -631.69% -226.6%

Facts In Submission

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2023
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000944480
gvp Number Of Consecutive Trading Days
NumberOfConsecutiveTradingDays
P10D
gvp Number Of Trading Days To Satisfy The Minimum Bid Price Requirement
NumberOfTradingDaysToSatisfyTheMinimumBidPriceRequirement
P10D
gvp Number Of Trading Days To Satisfy The Minimum Bid Price Requirement
NumberOfTradingDaysToSatisfyTheMinimumBidPriceRequirement
P10D
gvp Term To Pay A Demand For Payment
TermToPayADemandForPayment
P10D
gvp Number Of Trading Days Prior To Delivery
NumberOfTradingDaysPriorToDelivery
P20D
us-gaap Impairment Of Intangible Asset Finite Lived Statement Of Income Or Comprehensive Income Extensible Enumeration
ImpairmentOfIntangibleAssetFiniteLivedStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2023#IntangibleAssetsNetExcludingGoodwill
us-gaap Fair Value Recurring Basis Unobservable Input Reconciliation Liability Gain Loss Statement Of Income Extensible List
FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfIncomeExtensibleList
http://fasb.org/us-gaap/2023#DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
CY2022Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseRightOfUseAsset
CY2023Q3 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseRightOfUseAsset
CY2022Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityNoncurrent
CY2023Q3 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityNoncurrent
CY2023Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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
6940 Columbia Gateway Dr.
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 470
dei Entity Address City Or Town
EntityAddressCityOrTown
Columbia
dei Entity Address State Or Province
EntityAddressStateOrProvince
MD
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
21046
dei City Area Code
CityAreaCode
410
dei Local Phone Number
LocalPhoneNumber
970-7800
CY2023Q3 us-gaap Gross Profit
GrossProfit
3716000
CY2022Q3 us-gaap Gross Profit
GrossProfit
3256000
us-gaap Gross Profit
GrossProfit
9326000
us-gaap Gross Profit
GrossProfit
8855000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12742000
CY2023Q3 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
937000
CY2022Q3 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
7505000
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
937000
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
7505000
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
108000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
209000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
5528000
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
12305000
us-gaap Operating Expenses
OperatingExpenses
14697000
us-gaap Operating Expenses
OperatingExpenses
22181000
us-gaap Net Income Loss
NetIncomeLoss
-13827000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.55
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2480505
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2398468
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2110194
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2110194
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1504000
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
320000
CY2023Q3 gvp Adjustments To Additional Paid In Capital Income Tax Withheld From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalIncomeTaxWithheldFromShareBasedCompensation
10000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-2022000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
5849000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
19105000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
479000
CY2022Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
320000
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
937000
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
7505000
gvp Legal Settlement
LegalSettlement
750000
gvp Legal Settlement
LegalSettlement
0
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
88000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
226000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-730000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1514000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-876000
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1
gvp Number Of Business Days To Cure Deficiency
NumberOfBusinessDaysToCureDeficiency
P180D
CY2022Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
1
gvp Number Of Consecutive Trading Days
NumberOfConsecutiveTradingDays
P10D
gvp Number Of Business Days To Cure Deficiency
NumberOfBusinessDaysToCureDeficiency
P180D
gvp Additional Period To Increase Stock Price
AdditionalPeriodToIncreaseStockPrice
P180D
gvp Additional Period To Increase Stock Price
AdditionalPeriodToIncreaseStockPrice
P180D
gvp Number Of Extension Days
NumberOfExtensionDays
P180D
gvp Additional Period To Increase Stock Price
AdditionalPeriodToIncreaseStockPrice
P180D
gvp Percentage In Which Conversion Price Can Be Adjusted
PercentageInWhichConversionPriceCanBeAdjusted
0.80
gvp Number Of Lowest Daily Variable Average Weighted Prices
NumberOfLowestDailyVariableAverageWeightedPrices
3
us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1.20
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-14400000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
300000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2000000
CY2023Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
6755000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-2022000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-8992000
us-gaap Net Income Loss
NetIncomeLoss
-6471000
us-gaap Net Income Loss
NetIncomeLoss
-13827000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2480505
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2128888
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2398468
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2110194
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2480505
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2128888
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2398468
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2110194
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1103556
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
520376
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1176007
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
520376
gvp Contract Receivable Period Maximum
ContractReceivablePeriodMaximum
P12M
CY2023Q3 us-gaap Billed Contract Receivables
BilledContractReceivables
4385000
CY2022Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
6074000
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
5146000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
443000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1156000
CY2023Q3 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
10697000
CY2022Q4 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
10064000
CY2023Q1 gvp Number Of Geographic Portfolio Segments
NumberOfGeographicPortfolioSegments
3
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1156000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
729000
gvp Allowance For Doubtful Accounts Receivable Currency Adjustment
AllowanceForDoubtfulAccountsReceivableCurrencyAdjustment
-40000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
443000
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-6000
CY2022Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
24000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
97000
CY2023Q4 gvp Subsequent Billing Of Unbilled Receivables
SubsequentBillingOfUnbilledReceivables
3200000
CY2023Q3 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-32000
CY2022Q3 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
6000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-15000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-51000
CY2022Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
-500000
CY2023Q3 us-gaap Goodwill Gross
GoodwillGross
16709000
CY2023Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
11347000
CY2023Q3 us-gaap Goodwill
Goodwill
5362000
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
16709000
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
10410000
CY2022Q4 us-gaap Goodwill
Goodwill
6299000
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12442000
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10691000
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
464000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1287000
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
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
108000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
332000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
255000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
204000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
169000
CY2023Q3 gvp Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
219000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1287000
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6167000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6151000
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5519000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5379000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
648000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
772000
CY2023Q3 us-gaap Depreciation
Depreciation
43000
CY2022Q3 us-gaap Depreciation
Depreciation
69000
us-gaap Depreciation
Depreciation
144000
us-gaap Depreciation
Depreciation
213000
CY2023Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
1620000
CY2022Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
603000
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
gvp Maximum Number Of Monthly Repayments
MaximumNumberOfMonthlyRepayments
2
gvp Maximum Number Of Monthly Repayments
MaximumNumberOfMonthlyRepayments
2
CY2023Q3 gvp Minimum Market Capitalization Requirement Amount
MinimumMarketCapitalizationRequirementAmount
7000000
gvp Number Of Consecutive Trading Days
NumberOfConsecutiveTradingDays
P10D
gvp Debt Instrument Change Of Control Percentage Of Outstanding Principal
DebtInstrumentChangeOfControlPercentageOfOutstandingPrincipal
1.05
gvp Maximum Beneficial Ownership Percentage
MaximumBeneficialOwnershipPercentage
0.50
gvp Maximum Percentage Of Beneficial Ownership Of Outstanding Shares Of Common Stock
MaximumPercentageOfBeneficialOwnershipOfOutstandingSharesOfCommonStock
0.0499
gvp Warranty Terms For Sdb Contracts
WarrantyTermsForSDBContracts
P1Y
CY2023Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
265000
CY2023Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
137000
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
503000
us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
73000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
29000
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
1000
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
402000
gvp Number Of Distinct Revenue Streams
NumberOfDistinctRevenueStreams
3
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11566000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11898000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34826000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36918000
CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
466000
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
174000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3571000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2666000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2092000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9210000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6552000
gvp Number Of Tenants
NumberOfTenants
2
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
62000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
220000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
96000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
91000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13935000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-70000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-218000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-81000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-108000
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0335
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.024
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0124
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.008
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0335
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0124
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.024
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.008
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
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
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
311000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
467000
CY2023Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
81000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
159000
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
518000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
506000
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
226000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
418000
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
315000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
160000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
541000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
578000
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
90000
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
174000
us-gaap Operating Lease Cost
OperatingLeaseCost
333000
us-gaap Operating Lease Cost
OperatingLeaseCost
534000
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
15000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
27000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
45000
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
0
CY2022Q3 us-gaap Sublease Income
SubleaseIncome
18000
us-gaap Sublease Income
SubleaseIncome
0
us-gaap Sublease Income
SubleaseIncome
55000
CY2023Q3 us-gaap Lease Cost
LeaseCost
92000
CY2022Q3 us-gaap Lease Cost
LeaseCost
171000
us-gaap Lease Cost
LeaseCost
360000
us-gaap Lease Cost
LeaseCost
524000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
142000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
611000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
70000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
541000
CY2023Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P3Y7M2D
CY2022Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P1Y6M3D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0621
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
us-gaap Operating Lease Payments
OperatingLeasePayments
410000
us-gaap Operating Lease Payments
OperatingLeasePayments
934000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
gvp Contract Term
ContractTerm
P2Y
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11566000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11898000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34826000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36918000
CY2023Q3 us-gaap Gross Profit
GrossProfit
3716000
CY2022Q3 us-gaap Gross Profit
GrossProfit
3256000
us-gaap Gross Profit
GrossProfit
9326000
us-gaap Gross Profit
GrossProfit
8855000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1812000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-9049000
us-gaap Operating Income Loss
OperatingIncomeLoss
-5371000
us-gaap Operating Income Loss
OperatingIncomeLoss
-13326000
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-430000
CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-422000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1483000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-928000
CY2023Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
180000
CY2022Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
263000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
420000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
377000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-30000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-118000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-58000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2092000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9210000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6552000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13935000
gvp Number Of Former Employees In Subsidiaries That Filed Lawsuits
NumberOfFormerEmployeesInSubsidiariesThatFiledLawsuits
3
gvp Number Of Cases Filed
NumberOfCasesFiled
3

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