2023 Q2 Form 10-Q Financial Statement

#000156189423000084 Filed on May 05, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $74.33M $69.10M
YoY Change 18.36% 18.17%
Cost Of Revenue $39.90M $37.22M
YoY Change 38.42% 39.64%
Gross Profit $34.43M $31.89M
YoY Change 1.34% 0.19%
Gross Profit Margin 46.32% 46.14%
Selling, General & Admin $23.96M $26.39M
YoY Change -19.21% 19.59%
% of Gross Profit 69.58% 82.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $936.0K $926.0K
YoY Change -0.21% -6.18%
% of Gross Profit 2.72% 2.9%
Operating Expenses $24.76M $28.27M
YoY Change -34.35% 24.62%
Operating Profit $9.668M $3.611M
YoY Change -358.36% -60.48%
Interest Expense $39.90M $37.22M
YoY Change -303.74% 39.64%
% of Operating Profit 412.73% 1030.63%
Other Income/Expense, Net $1.000K
YoY Change
Pretax Income $11.92M $26.03M
YoY Change -151.1% -54.1%
Income Tax -$2.000M $1.000M
% Of Pretax Income -16.78% 3.84%
Net Earnings $13.50M $24.10M
YoY Change -173.17% -46.8%
Net Earnings / Revenue 18.16% 34.88%
Basic Earnings Per Share $0.14 $0.26
Diluted Earnings Per Share $0.14 $0.26
COMMON SHARES
Basic Shares Outstanding 91.86M shares 91.01M shares
Diluted Shares Outstanding 99.99M shares 94.13M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $126.9M $142.5M
YoY Change -54.59% 6.88%
Cash & Equivalents $127.0M $142.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $228.7M $257.1M
YoY Change -50.74% -18.46%
LONG-TERM ASSETS
Property, Plant & Equipment $351.5M $352.2M
YoY Change -2.13% -2.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.299B $2.250B
YoY Change 8.17% 20.26%
Other Assets $25.00K $22.00M
YoY Change -99.9% 0.0%
Total Long-Term Assets $5.147B $4.883B
YoY Change 26.93% 24.99%
TOTAL ASSETS
Total Short-Term Assets $228.7M $257.1M
Total Long-Term Assets $5.147B $4.883B
Total Assets $5.375B $5.140B
YoY Change 18.95% 21.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $114.4M $121.0M
YoY Change 8.79% 33.09%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $114.4M $121.0M
YoY Change 8.79% 33.09%
LONG-TERM LIABILITIES
Long-Term Debt $3.267B $3.360B
YoY Change 15.75% 33.5%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.267B $3.360B
YoY Change 15.75% 33.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $114.4M $121.0M
Total Long-Term Liabilities $3.267B $3.360B
Total Liabilities $3.381B $3.481B
YoY Change 14.2% 33.49%
SHAREHOLDERS EQUITY
Retained Earnings -$326.4M -$297.7M
YoY Change 64.22%
Common Stock $2.284B $1.948B
YoY Change 9.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.950B $1.617B
YoY Change
Total Liabilities & Shareholders Equity $5.375B $5.140B
YoY Change 18.95% 21.75%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $13.50M $24.10M
YoY Change -173.17% -46.8%
Depreciation, Depletion And Amortization $936.0K $926.0K
YoY Change -0.21% -6.18%
Cash From Operating Activities $16.92M $48.80M
YoY Change 234.89% -252.78%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$239.7M $548.0K
YoY Change 49.75% -81.58%
Cash From Investing Activities -$239.7M -$448.7M
YoY Change 49.75% 369.91%
FINANCING ACTIVITIES
Cash Dividend Paid $35.14M
YoY Change 10.47%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 210.3M $388.2M
YoY Change -30.82% 1131.02%
NET CHANGE
Cash From Operating Activities 16.92M $48.80M
Cash From Investing Activities -239.7M -$448.7M
Cash From Financing Activities 210.3M $388.2M
Net Change In Cash -12.42M -$11.77M
YoY Change -108.34% -87.73%
FREE CASH FLOW
Cash From Operating Activities $16.92M $48.80M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022Q1 us-gaap Increase Decrease In Assets Held For Sale
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Proceeds From Sale Of Finance Receivables
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CY2022Q1 us-gaap Payments To Acquire Real Estate
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CY2023Q1 us-gaap Payments For Hedge Investing Activities
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CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Proceeds From Lines Of Credit
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CY2023Q1 us-gaap Repayments Of Lines Of Credit
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CY2023Q1 us-gaap Proceeds From Issuance Of Commercial Paper
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CY2022Q1 us-gaap Proceeds From Issuance Of Commercial Paper
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CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2022Q1 us-gaap Payments Of Dividends
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CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2023Q1 us-gaap Payments Of Debt Issuance Costs
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CY2022Q1 us-gaap Payments Of Debt Issuance Costs
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CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Interest Paid Net
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ResidualAssetsRetainedFromSecuritizationTransactions
5330000 usd
CY2022Q1 hasi Residual Assets Retained From Securitization Transactions
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4532000 usd
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CY2022Q1 us-gaap Debt Conversion Converted Instrument Amount1
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CY2023Q1 hasi Deconsolidation Of Non Recourse Debt Liabilities
DeconsolidationOfNonRecourseDebtLiabilities
32923000 usd
CY2022Q1 hasi Deconsolidation Of Non Recourse Debt Liabilities
DeconsolidationOfNonRecourseDebtLiabilities
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CY2023Q1 hasi Deconsolidation Of Non Recourse Debt Assets Pledged
DeconsolidationOfNonRecourseDebtAssetsPledged
31371000 usd
CY2022Q1 hasi Deconsolidation Of Non Recourse Debt Assets Pledged
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CY2023Q1 hasi Threshold Period Past Due For Delinquent Or Nonaccrual Of Financing Receivable
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CY2023Q1 hasi Exchange Of Operating Partnership Units To Common Stock
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CY2023Q1 us-gaap Derivative Liabilities
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CY2023Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2022Q4 hasi Managed Assets
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CY2023Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
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CY2023Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
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CY2023Q1 hasi Financing Receivable Originated Five Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveYearsBeforeLatestFiscalYear
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CY2023Q1 hasi Financing Receivable Originated More Than Six Years Before Current Fiscal Year
FinancingReceivableOriginatedMoreThanSixYearsBeforeCurrentFiscalYear
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CY2022Q4 us-gaap Notes Receivable Gross
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FinanceReceivablesLoanFundingCommitments
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2023Q1 hasi Financing Receivables
FinancingReceivables
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CY2023Q1 hasi Financing Receivable Due Less Than One Year
FinancingReceivableDueLessThanOneYear
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CY2023Q1 hasi Financing Receivable Due One To Five Years
FinancingReceivableDueOneToFiveYears
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CY2023Q1 hasi Financing Receivable Due Five To Ten Years
FinancingReceivableDueFiveToTenYears
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CY2023Q1 hasi Financing Receivable Due More Than Ten Years
FinancingReceivableDueMoreThanTenYears
915000000 usd
CY2023Q1 hasi Financing Receivables Weighted Average Yield
FinancingReceivablesWeightedAverageYield
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CY2023Q1 hasi Financing Receivables Weighted Average Yield Due Less Than One Year
FinancingReceivablesWeightedAverageYieldDueLessThanOneYear
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CY2023Q1 hasi Financing Receivables Weighted Average Yield Due One To Five Years
FinancingReceivablesWeightedAverageYieldDueOneToFiveYears
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CY2023Q1 hasi Financing Receivables Weighted Average Yield Due Five To Ten Years
FinancingReceivablesWeightedAverageYieldDueFiveToTenYears
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CY2023Q1 hasi Financing Receivables Weighted Average Yield Due More Than Ten Years
FinancingReceivablesWeightedAverageYieldDueMoreThanTenYears
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CY2023Q1 us-gaap Investments
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CY2023Q1 hasi Investments Due One To Five Years
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CY2023Q1 hasi Investments Due Five To Ten Years
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CY2023Q1 hasi Investments Due More Than Ten Years
InvestmentsDueMoreThanTenYears
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CY2023Q1 hasi Investments Weighted Average Yield
InvestmentsWeightedAverageYield
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CY2023Q1 hasi Investments Weighted Average Yield Due Less Than One Year
InvestmentsWeightedAverageYieldDueLessThanOneYear
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CY2023Q1 hasi Investments Weighted Average Yield Due One To Five Years
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CY2023Q1 hasi Investments Weighted Average Yield Due Five To Ten Years
InvestmentsWeightedAverageYieldDueFiveToTenYears
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CY2023Q1 hasi Investments Weighted Average Yield Due More Than Ten Years
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CY2023Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received
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CY2023Q1 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt
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CY2023Q1 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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CY2023Q1 hasi Guarantor Obligations Proceeds Received
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CY2023Q1 us-gaap Income Tax Expense Benefit
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CY2022Q1 us-gaap Income Tax Expense Benefit
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CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Net Income Loss
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CY2023Q1 hasi Dividend Paid On Participating Securities
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CY2022Q1 hasi Dividend Paid On Participating Securities
DividendPaidOnParticipatingSecurities
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CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q1 us-gaap Interest On Convertible Debt Net Of Tax
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CY2022Q1 us-gaap Interest On Convertible Debt Net Of Tax
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CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
24100000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q1 us-gaap Earnings Per Share Basic
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CY2022Q1 us-gaap Earnings Per Share Basic
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CY2023Q1 us-gaap Earnings Per Share Diluted
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CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q1 hasi Weighted Average Number Of Operating Partnership Units
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CY2022Q1 hasi Weighted Average Number Of Operating Partnership Units
WeightedAverageNumberOfOperatingPartnershipUnits
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
680917 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
646754 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
6524112 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2974634 shares
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
22000000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
48000000 usd

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