2024 Q1 Form 10-K Financial Statement

#000149315224011537 Filed on March 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $15.89M $15.85M $55.69M
YoY Change 17.22% 28.77% 90.28%
Cost Of Revenue $9.840M $10.14M $35.34M
YoY Change 13.82% 22.84% 85.59%
Gross Profit $6.054M $5.709M $20.35M
YoY Change 23.2% 40.84% 99.02%
Gross Profit Margin 38.09% 36.02% 36.54%
Selling, General & Admin $8.859M $9.027M $32.22M
YoY Change 28.44% 14.77% 70.68%
% of Gross Profit 146.32% 158.11% 158.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $139.0K $376.9K $1.492M
YoY Change -2.5% -7.96% 397.42%
% of Gross Profit 2.3% 6.6% 7.33%
Operating Expenses $8.859M $9.027M $32.22M
YoY Change 28.44% 14.77% 70.68%
Operating Profit -$2.805M -$3.318M -$11.87M
YoY Change 41.43% -12.95% 37.2%
Interest Expense -$59.85K -$23.56K $203.5K
YoY Change -164.22% -120.74% 0.42%
% of Operating Profit
Other Income/Expense, Net -$56.49K -$1.486M -$710.7K
YoY Change -174.58% -221.96% -149.51%
Pretax Income -$2.861M -$10.93M -$18.48M
YoY Change 50.01% 340.94% 156.08%
Income Tax
% Of Pretax Income
Net Earnings -$2.861M -$10.93M -$18.64M
YoY Change 50.01% 340.94% 158.19%
Net Earnings / Revenue -18.0% -68.97% -33.46%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 478.3B shares 475.3B shares 429.9B shares
Diluted Shares Outstanding 478.3B shares 429.9B shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.905M $5.081M $5.081M
YoY Change -80.25% -77.83% -77.83%
Cash & Equivalents $3.905M $5.081M $5.081M
Short-Term Investments
Other Short-Term Assets $86.26K $2.287M $2.287M
YoY Change -90.87% 86.83% -31.21%
Inventory $4.177M $4.229M $4.229M
Prepaid Expenses
Receivables $166.3K $128.2K $128.2K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.42M $11.73M $11.73M
YoY Change -58.1% -61.31% -61.31%
LONG-TERM ASSETS
Property, Plant & Equipment $2.174M $14.25M $14.25M
YoY Change -29.81% 357.65% 3.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $632.0K $621.4K $621.4K
YoY Change 32.94% 30.49% 30.49%
Total Long-Term Assets $17.71M $19.24M $19.24M
YoY Change -29.43% -22.86% -22.86%
TOTAL ASSETS
Total Short-Term Assets $11.42M $11.73M $11.73M
Total Long-Term Assets $17.71M $19.24M $19.24M
Total Assets $29.13M $30.97M $30.97M
YoY Change -44.36% -43.95% -43.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.108M $8.025M $8.025M
YoY Change 42.82% 40.41% 40.41%
Accrued Expenses $2.774M $2.843M $2.843M
YoY Change 36.24% 27.55% 27.55%
Deferred Revenue $179.9K $207.5K
YoY Change -10.21% 4.48%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.885M $1.156M $1.156M
YoY Change 430.45% 115.44% 16.79%
Total Short-Term Liabilities $12.95M $12.23M $12.23M
YoY Change 43.74% 23.45% 23.45%
LONG-TERM LIABILITIES
Long-Term Debt $2.221M $2.404M $2.404M
YoY Change -0.79% 1.08% 1.08%
Other Long-Term Liabilities $7.827M $8.466M $8.466M
YoY Change -9.59% 5.27% 5.27%
Total Long-Term Liabilities $2.221M $10.87M $10.87M
YoY Change -0.79% 357.07% 4.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.95M $12.23M $12.23M
Total Long-Term Liabilities $2.221M $10.87M $10.87M
Total Liabilities $23.00M $23.10M $23.10M
YoY Change 15.54% 13.64% 13.64%
SHAREHOLDERS EQUITY
Retained Earnings -$64.96M -$62.10M
YoY Change 42.7% 42.38%
Common Stock $47.83M $47.83M
YoY Change 38.05% 40.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.024M $7.869M $7.869M
YoY Change
Total Liabilities & Shareholders Equity $29.13M $30.97M $30.97M
YoY Change -44.36% -43.95% -43.95%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$2.861M -$10.93M -$18.64M
YoY Change 50.01% 340.94% 158.19%
Depreciation, Depletion And Amortization $139.0K $376.9K $1.492M
YoY Change -2.5% -7.96% 397.42%
Cash From Operating Activities -$2.374M $200.2K -$4.739M
YoY Change 1.27% -116.82% 22.58%
INVESTING ACTIVITIES
Capital Expenditures $121.4K $20.72K $196.9K
YoY Change -3.84% -91.42% -59.07%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$750.0K -$571.7K
YoY Change -100.0% -85.37% -94.41%
Cash From Investing Activities -$121.4K -$770.7K -$768.6K
YoY Change 10.44% -85.64% -92.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$12.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.319M -1.561M -13.55M
YoY Change -277.75% 1697.0% -205.96%
NET CHANGE
Cash From Operating Activities -$2.374M 200.2K -4.739M
Cash From Investing Activities -$121.4K -770.7K -768.6K
Cash From Financing Activities $1.319M -1.561M -13.55M
Net Change In Cash -$1.176M -2.132M -19.06M
YoY Change -63.2% -67.91% 954.98%
FREE CASH FLOW
Cash From Operating Activities -$2.374M $200.2K -$4.739M
Capital Expenditures $121.4K $20.72K $196.9K
Free Cash Flow -$2.496M $179.5K -$4.936M
YoY Change 1.01% -112.54% 13.55%

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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 HCMC Issuance Of Promissory Note In Connection With Acquisition
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CY2023 HCMC Lease Acquired
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CY2023Q4 us-gaap Cash
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500000 usd
CY2023 us-gaap General And Administrative Expense
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<p id="xdx_84E_eus-gaap--UseOfEstimates_zdBkEDGPNMia" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_860_zSrdrXgyVB78">Use of Estimates in the Preparation of the Financial Statements</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of net revenue and expenses during the reporting periods. Actual results could differ from those estimates. These estimates and assumptions include inventory provisions, useful lives and impairment of long-lived assets, goodwill, deferred taxes and related valuation allowances, and the valuation of the assets and liabilities acquired in business combinations. Certain of management’s estimates could be affected by external conditions, including those unique to our industry, and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. The Company re-evaluates all of its accounting estimates at least quarterly based on these conditions and records adjustments when necessary.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Other Cost And Expense Operating
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CY2022 us-gaap Other Cost And Expense Operating
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98000 usd
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Cash
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CY2022Q4 us-gaap Cash
Cash
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CY2022Q4 us-gaap Restricted Cash Current
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5 pure
CY2023 HCMC Contract Liabilities Expected Recognition Period
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P24M
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Investment Owned At Fair Value
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CY2022Q4 HCMC Liability For Uncertainty In Income Taxes
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0 usd
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CY2023 us-gaap Prior Period Reclassification Adjustment Description
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<p id="xdx_84C_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zuLkbQpzCarj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_861_zMyvTNkXAFih">Reclassification</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain amounts in the consolidated financial statements and related notes have been reclassified to conform to the current year presentation. Such reclassifications do not impact the Company’s previously reported financial position or net loss. Below summarized reclassifications we made:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Change in contingent consideration of $<span id="xdx_905_eus-gaap--BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1_iN_di_c20220101__20221231_zgs3nZFvNkWg" title="Contingent consideration">333,100</span> was previously presented in the consolidated statement of operations in other (expense) income, net for the year ended December 31, 2022, and was reclassified out of other (expense) income, net, and presented under change in contingent consideration.</span></td></tr><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investment for the amount of $<span id="xdx_90B_eus-gaap--ShortTermInvestments_iI_c20221231_zNKKkVOJVIK9" title="Investments">9,771</span> was previously presented as Investment within total current assets in the December 31, 2022 consolidated balance sheet was reclassified to other current assets.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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29267003 usd
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150000 usd
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85714 shares
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2500000 usd
CY2022 us-gaap Inventory Write Down
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1500000 usd
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178000 usd
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59000 usd
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4105933 usd
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1552427 usd
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993025 usd
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2735252 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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3112908 usd
CY2023 us-gaap Depreciation
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600000 usd
CY2022 us-gaap Depreciation
Depreciation
300000 usd
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0.50 pure
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0.165 pure
CY2023 us-gaap Goodwill Impairment Loss
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6100000 usd
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357000 usd
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6104000 usd
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-3151483 usd
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-2219154 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
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5005511 usd
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900000 usd
CY2022 us-gaap Amortization Of Intangible Assets
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800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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959391 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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953891 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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875910 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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731489 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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412819 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
443182 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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4376682 usd
CY2022Q4 us-gaap Contract With Customer Liability
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CY2021Q4 us-gaap Contract With Customer Liability
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23178 usd
CY2023 HCMC Contract With Customer Liability Issued
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891060 usd
CY2022 HCMC Contract With Customer Liability Issued
ContractWithCustomerLiabilityIssued
859383 usd
CY2023 HCMC Contract With Customer Liability Redeemed
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-812694 usd
CY2022 HCMC Contract With Customer Liability Redeemed
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CY2023 HCMC Contract With Customer Liability Breakage Recognized
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CY2022 HCMC Contract With Customer Liability Breakage Recognized
ContractWithCustomerLiabilityBreakageRecognized
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CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
207513 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
198606 usd
CY2023Q4 us-gaap Long Term Debt
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3559740 usd
CY2022Q4 us-gaap Long Term Debt
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2914603 usd
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1155933 usd
CY2022Q4 us-gaap Long Term Debt Current
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536542 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2403807 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2378061 usd
CY2023 HCMC Extend Expiration Date Of Vesting Period For Restricted Stock Description
ExtendExpirationDateOfVestingPeriodForRestrictedStockDescription
On August 12, 2019, the Company agreed to extend the expiration date of the vesting period for the restricted stock by six months to February 13, 2020. On August 12, 2020, the Company agreed to extend for a second time the expiration date of the vesting period for the restricted stock by six months to February 13, 2021.
CY2023 HCMC Employment Agreement Term Description
EmploymentAgreementTermDescription
The term of the employment agreement shall be automatically renewed for successive one-year terms unless notice of non-renewal is given by either party at least 30 days before the end of the Term.
CY2023Q4 us-gaap Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
1500000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1500000 usd
CY2022Q4 HCMC Number Of Directors Stock Granted
NumberOfDirectorsStockGranted
P2Y
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3430000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
72000 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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191873222200 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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221557230680 shares
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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3212909 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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2521339 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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CY2023Q4 us-gaap Operating Lease Liability Current
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2842829 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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8041504 usd
CY2023Q4 us-gaap Operating Lease Liability
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CY2022Q4 us-gaap Operating Lease Liability
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CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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2590000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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1164000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0398 pure
CY2023 us-gaap Payments For Rent
PaymentsForRent
3500000 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
1500000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
2265820 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
944987 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
324507 usd
CY2023 us-gaap Lease Cost
LeaseCost
3535313 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
2458000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3881403 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-1515700 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1036963 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-359643 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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4999204 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2733655 usd
CY2023 HCMC Effective Income Tax Rate Reconciliation True Up And Deferred Adjustment Amount
EffectiveIncomeTaxRateReconciliationTrueUpAndDeferredAdjustmentAmount
-19998 usd
CY2022 HCMC Effective Income Tax Rate Reconciliation True Up And Deferred Adjustment Amount
EffectiveIncomeTaxRateReconciliationTrueUpAndDeferredAdjustmentAmount
144 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
2928 usd
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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-63768 usd
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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19684763 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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17030852 usd
CY2023Q4 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
39580 usd
CY2022Q4 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
36436 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
149402 usd
CY2023Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
8330 usd
CY2022Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
5737 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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3029964 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
2099241 usd
CY2023Q4 HCMC Deferred Tax Assets Intangible Assets
DeferredTaxAssetsIntangibleAssets
1801150 usd
CY2022Q4 HCMC Deferred Tax Assets Intangible Assets
DeferredTaxAssetsIntangibleAssets
314775 usd
CY2023Q4 HCMC Deferred Tax Assets Uniform Capitalization Adjustments
DeferredTaxAssetsUniformCapitalizationAdjustments
53284 usd
CY2023Q4 HCMC Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
65172 usd
CY2022Q4 HCMC Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
44484 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
24682243 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
19680927 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
29652 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
27540 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
29652 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
27540 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
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24652591 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
19653387 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
24652591 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
19653387 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4999204 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2733655 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55690410 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29267003 usd
CY2023 us-gaap Gross Profit
GrossProfit
20348054 usd
CY2022 us-gaap Gross Profit
GrossProfit
10224218 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
38323733 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
18877302 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-17975679 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-8653084 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-507201 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1435473 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-18482880 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-7217611 usd
CY2023Q4 HCMC Employee Retention Credit Eligible Amount
EmployeeRetentionCreditEligibleAmount
930000 usd

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