2024 Q2 Form 10-Q Financial Statement
#000121390024045251 Filed on May 20, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
Revenue | $2.984M | $4.109M | $7.060M |
YoY Change | -65.0% | -58.23% | -37.48% |
Cost Of Revenue | $2.086M | $3.095M | $5.530M |
YoY Change | -68.29% | -62.46% | -41.65% |
Gross Profit | $898.0K | $1.070B | $1.530M |
YoY Change | -53.88% | 67068.86% | -15.66% |
Gross Profit Margin | 30.09% | 26040.4% | 21.67% |
Selling, General & Admin | $1.535M | $2.059M | $1.602M |
YoY Change | -41.81% | -39.24% | -44.66% |
% of Gross Profit | 170.94% | 0.19% | 104.71% |
Research & Development | $207.0K | $127.0K | $104.0K |
YoY Change | 102.94% | -76.44% | -96.25% |
% of Gross Profit | 23.05% | 0.01% | 6.8% |
Depreciation & Amortization | $9.000K | $11.00K | $4.844M |
YoY Change | -98.88% | -98.74% | 432.31% |
% of Gross Profit | 1.0% | 0.0% | 316.6% |
Operating Expenses | $2.276M | $2.722M | $6.550M |
YoY Change | -35.74% | -43.32% | -0.38% |
Operating Profit | -$1.378M | -$1.708M | -$5.020M |
YoY Change | -13.61% | -46.77% | 5.44% |
Interest Expense | -$131.0K | -$149.0K | -$305.0K |
YoY Change | -29.57% | -340.32% | 267.47% |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Pretax Income | -$1.509M | -$1.857M | -$5.325M |
YoY Change | -15.27% | -43.02% | 9.79% |
Income Tax | $1.000K | $5.000K | $7.000K |
% Of Pretax Income | |||
Net Earnings | -$1.510M | -$1.862M | -$5.332M |
YoY Change | -15.45% | -43.2% | 9.64% |
Net Earnings / Revenue | -50.6% | -45.32% | -75.52% |
Basic Earnings Per Share | -$0.28 | -$0.42 | |
Diluted Earnings Per Share | -$0.28 | -$0.42 | -$1.26 |
COMMON SHARES | |||
Basic Shares Outstanding | 5.617M shares | 4.650M shares | 4.278M shares |
Diluted Shares Outstanding | 5.316M shares | 4.455M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $29.00K | $301.0K | $1.234M |
YoY Change | -78.03% | 12.73% | -7.98% |
Cash & Equivalents | $29.00K | $301.0K | $1.234M |
Short-Term Investments | |||
Other Short-Term Assets | $299.0K | $773.0K | $1.259M |
YoY Change | -63.36% | 16.94% | 54.29% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $2.005M | $2.095M | $3.236M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.333M | $3.169M | $5.729M |
YoY Change | -56.99% | -50.79% | -26.07% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $24.00K | $33.00K | $44.00K |
YoY Change | -57.89% | -50.75% | -45.0% |
Goodwill | |||
YoY Change | |||
Intangibles | $3.301M | $3.637M | $3.611M |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $3.688M | $3.703M | $4.320M |
YoY Change | -65.35% | -70.19% | -66.8% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.333M | $3.169M | $5.729M |
Total Long-Term Assets | $3.688M | $3.703M | $4.320M |
Total Assets | $6.021M | $6.872M | $10.05M |
YoY Change | -62.53% | -63.56% | -51.6% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.937M | $2.013M | $1.953M |
YoY Change | 109.18% | 54.02% | 31.87% |
Accrued Expenses | $0.00 | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $1.726M | $1.795M | $3.429M |
YoY Change | -51.12% | -39.05% | 42.16% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $6.167M | $5.995M | $8.123M |
YoY Change | 6.51% | -18.21% | 32.12% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $888.0K | $888.0K |
YoY Change | |||
Other Long-Term Liabilities | $500.0K | $500.0K | $500.0K |
YoY Change | -77.55% | -77.55% | -77.54% |
Total Long-Term Liabilities | $500.0K | $1.388M | $1.388M |
YoY Change | -77.55% | -37.67% | -37.66% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $6.167M | $5.995M | $8.123M |
Total Long-Term Liabilities | $500.0K | $1.388M | $1.388M |
Total Liabilities | $6.667M | $7.383M | $9.511M |
YoY Change | -16.84% | -22.75% | 13.56% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$28.28M | -$26.77M | -$24.91M |
YoY Change | 60.37% | 68.95% | 98.16% |
Common Stock | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$646.0K | -$511.0K | $538.0K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.021M | $6.872M | $10.05M |
YoY Change | -62.53% | -63.56% | -51.6% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.510M | -$1.862M | -$5.332M |
YoY Change | -15.45% | -43.2% | 9.64% |
Depreciation, Depletion And Amortization | $9.000K | $11.00K | $4.844M |
YoY Change | -98.88% | -98.74% | 432.31% |
Cash From Operating Activities | -$935.0K | -$50.00K | $1.214M |
YoY Change | -23.42% | -96.88% | -154.49% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $6.000K | ||
YoY Change | -57.14% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | |
YoY Change | |||
Cash From Investing Activities | -$6.000K | ||
YoY Change | -57.14% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 663.0K | -$883.0K | -49.00K |
YoY Change | -38.95% | -265.67% | -91.27% |
NET CHANGE | |||
Cash From Operating Activities | -935.0K | -$50.00K | 1.214M |
Cash From Investing Activities | -6.000K | ||
Cash From Financing Activities | 663.0K | -$883.0K | -49.00K |
Net Change In Cash | -272.0K | -$933.0K | 1.159M |
YoY Change | 101.48% | -13.13% | -141.35% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$935.0K | -$50.00K | $1.214M |
Capital Expenditures | $6.000K | ||
Free Cash Flow | -$50.00K | $1.208M | |
YoY Change | -96.89% | -153.88% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2024Q1 | dei |
Document Quarterly Report
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|
true | |
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Document Period End Date
DocumentPeriodEndDate
|
2024-03-31 | |
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Document Fiscal Year Focus
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|
2024 | |
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Document Transition Report
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|
false | |
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Entity File Number
EntityFileNumber
|
001-40903 | |
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Entity Registrant Name
EntityRegistrantName
|
HEALTHCARE TRIANGLE, INC. | |
CY2024Q1 | dei |
Entity Incorporation State Country Code
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DE | |
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Entity Tax Identification Number
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84-3559776 | |
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7901 Stoneridge Drive | |
CY2024Q1 | dei |
Entity Address Address Line2
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Suite 220 | |
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Pleasanton | |
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CA | |
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94588 | |
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(925) | |
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270-4812 | |
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Common Stock, $0.00001 par value | |
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NASDAQ | |
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|
-1141000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-80000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-486000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-155000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-271000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
276000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
60000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-174000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-744000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
823000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-50000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1603000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-883000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
533000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-883000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
533000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-933000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1074000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1234000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1341000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
301000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
267000 | usd |
CY2024Q1 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
787000 | usd |
CY2024Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
149000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
62000 | usd |
CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
5000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
19000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
|
956000 | usd |
CY2023Q4 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.15 | pure |
CY2023Q4 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
5200000 | usd |
CY2023Q4 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4420000 | usd |
CY2023Q4 | hcti |
Repaid Amount
RepaidAmount
|
1181250 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
1181250 | usd |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements is in conformity with GAAP which requires us to make estimates, judgments and assumptions that affect the financial statements and the notes thereto. These estimates are based on information available as of the date of the financial statements. On a regular basis, management evaluates these estimates and assumptions. Items subject to such estimates and assumptions include, but are not limited to:</p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">the standalone selling price for each distinct performance obligation</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify"><span style="font-size: 10pt">the determination of the period of benefit for amortization of deferred costs.</span></td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the fair value of assets acquired, and liabilities assumed for business combinations.</span></td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Share based compensation including warrants</span></td> </tr></table> | |
CY2024Q1 | us-gaap |
Gross Profit
GrossProfit
|
1070000000.00 | usd |
CY2024Q1 | us-gaap |
Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
|
1000000000 | usd |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
4109000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
9838000 | usd |
CY2024Q1 | hcti |
Changes In Revenue
ChangesInRevenue
|
-5729000 | usd |
CY2024Q1 | hcti |
Percentage Of Changes In Revenue
PercentageOfChangesInRevenue
|
-0.58 | pure |
CY2024Q1 | hcti |
Segment Operatingloss Profit
SegmentOperatinglossProfit
|
-115000 | usd |
CY2023Q1 | hcti |
Segment Operatingloss Profit
SegmentOperatinglossProfit
|
-1046000 | usd |
CY2024Q1 | hcti |
Changes In Segment Operatingloss Profit
ChangesInSegmentOperatinglossProfit
|
931000 | usd |
CY2024Q1 | hcti |
Percentage Of Changes In Segment Operating Loss Profit
PercentageOfChangesInSegmentOperatingLossProfit
|
-0.89 | pure |
CY2024Q1 | hcti |
Unallocated Costsvalue
UnallocatedCostsvalue
|
1593000 | usd |
CY2023Q1 | hcti |
Unallocated Costsvalue
UnallocatedCostsvalue
|
2163000 | usd |
CY2024Q1 | hcti |
Changes In Unallocated Costs
ChangesInUnallocatedCosts
|
-570000 | usd |
CY2024Q1 | hcti |
Percentage Of Incomeloss From Operations
PercentageOfIncomelossFromOperations
|
-0.47 | pure |
CY2023Q1 | us-gaap |
Other Income
OtherIncome
|
12000 | usd |
CY2024Q1 | hcti |
Changes In Other Income
ChangesInOtherIncome
|
-12000 | usd |
CY2024Q1 | hcti |
Percentage Of Other Income
PercentageOfOtherIncome
|
-1 | pure |
CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
-149000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
-62000 | usd |
CY2024Q1 | hcti |
Changes In Interest Expense
ChangesInInterestExpense
|
-87000 | usd |
CY2024Q1 | hcti |
Percentage Of Interest Expense
PercentageOfInterestExpense
|
1.40 | pure |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1857000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-3259000 | usd |
CY2024Q1 | hcti |
Changes In Net Incomeloss Before Income Tax Expenses
ChangesInNetIncomelossBeforeIncomeTaxExpenses
|
1402000 | usd |
CY2024Q1 | hcti |
Percentage Of Net Incomeloss Before Income Tax Expenses
PercentageOfNetIncomelossBeforeIncomeTaxExpenses
|
-0.43 | pure |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
1008000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
1344000 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
2095000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
3236000 | usd |
CY2023 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
222 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
1285000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
3637000 | usd |
CY2024Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
1144000 | usd |
CY2024Q1 | us-gaap |
Asset Acquisition Contingent Consideration Liability Noncurrent
AssetAcquisitionContingentConsiderationLiabilityNoncurrent
|
500000 | usd |
CY2024Q1 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
268 | usd |
CY2023 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
214 | usd |
CY2024Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Concentrations</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and trade receivables. Credit risks associated with trade receivables is minimal due to the Company’s customer base which consist of large customer base and ongoing procedures, which monitor the credit worthiness of its customers. For the quarter ended March 31, 2024 and 2023 revenue from the top five customers accounted for approximately 70% and 80% of total revenue respectively. For the quarter ended March 31, 2024 and year ended December 31, 2023 accounts receivable from five major customers accounted for approximately 63% and 78% of the total accounts receivables.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company maintains cash balances in various financial institutions. The balances are generally insured by the Federal Deposit Insurance Corporation up to $250,000 (valid through March 31, 2024) per institution.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of March 31, 2024 and December 31, 2023, the Company had $5 and $667 respectively, of uninsured cash balances. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash.</p> | |
CY2024Q1 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000000 | usd |
CY2024Q1 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
5 | usd |
CY2023Q4 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
667000 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
132000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
132000 | usd |
CY2024Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
99000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
88000 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
33000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
44000 | usd |
CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
11000 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
17000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
15887000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
12250000 | usd |
CY2024Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3637000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
15887000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
11915000 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3972000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
335000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
857000 | usd |
CY2024Q1 | hcti |
Due From Other Related Parties Noncurrents
DueFromOtherRelatedPartiesNoncurrents
|
52000 | usd |
CY2023Q1 | hcti |
Due From Other Related Parties Noncurrents
DueFromOtherRelatedPartiesNoncurrents
|
146000 | usd |
CY2024Q1 | hcti |
Operating Leases Rent Expenses Net
OperatingLeasesRentExpensesNet
|
33000 | usd |
CY2023Q1 | hcti |
Operating Leases Rent Expenses Net
OperatingLeasesRentExpensesNet
|
67000 | usd |
CY2024Q1 | hcti |
Unvested Common Stock
UnvestedCommonStock
|
8372 | shares |
CY2024Q1 | hcti |
Earnout Payment
EarnoutPayment
|
2500000 | usd |
CY2024Q1 | us-gaap |
Goodwill Gross
GoodwillGross
|
1289000 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
|
6018000 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
1289000 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
970000 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
|
3142000 | usd |
CY2024Q1 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
11419000 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
|
758000 | usd |
CY2024Q1 | hcti |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Short Term Borrowing
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesShortTermBorrowing
|
2209000 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
|
679000 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
|
3646000 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
7773000 | usd |
CY2024Q1 | hcti |
Business Combinations Total Purchase Price
BusinessCombinationsTotalPurchasePrice
|
7773000 | usd |
CY2024Q1 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
362000 | usd |
CY2023Q4 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
1112000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
888000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
888000 | usd |
CY2024Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
1250000 | usd |
CY2023Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
2000000 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
3577000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
3132000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
750000000 | usd |
CY2024Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
37500000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
787500000 | usd |
CY2024Q1 | us-gaap |
Shares Issued
SharesIssued
|
417395000 | shares |
CY2024Q1 | us-gaap |
Debt Instrument Convertible Liquidation Preference Per Share
DebtInstrumentConvertibleLiquidationPreferencePerShare
|
7.99 | |
CY2024Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
1144000 | usd |
CY2024Q1 | hcti |
Prime Rate Plus
PrimeRatePlus
|
0.01 | pure |
CY2024Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
1795000 | usd |
CY2023Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
3429000 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
0.50 | pure |
CY2024Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
3635000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
3322000 | usd |
CY2024Q1 | hcti |
Deferred Tax Assets Tax Stockbased Compensation Stockbased Compensation
DeferredTaxAssetsTaxStockbasedCompensationStockbasedCompensation
|
7000 | usd |
CY2023Q4 | hcti |
Deferred Tax Assets Tax Stockbased Compensation Stockbased Compensation
DeferredTaxAssetsTaxStockbasedCompensationStockbasedCompensation
|
18000 | usd |
CY2024Q1 | hcti |
Deferred Tax Assets Warrants
DeferredTaxAssetsWarrants
|
-51000 | usd |
CY2023Q4 | hcti |
Deferred Tax Assets Warrants
DeferredTaxAssetsWarrants
|
-172000 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3577000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3132000 | usd |
CY2024Q1 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
5000 | usd |
CY2023Q1 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
19000 | usd |
CY2024Q1 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
5000 | usd |
CY2023Q1 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
19000 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
19000 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
538265 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
20000 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
17110 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
535375 | shares |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
2.24 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
0.8 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
|
3.5 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
1.59 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
576000 | usd |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
454000 | usd |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
120000 | usd |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y | |
CY2024 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y | |
CY2024 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1862000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3278000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4455245 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4173286 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.42 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.79 | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.42 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.79 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4173286 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4455245 | shares |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
usd | |
CY2024Q1 | hcti |
Stock Issued During Period Value Adjustments
StockIssuedDuringPeriodValueAdjustments
|
usd | |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | |
CY2023Q1 | hcti |
Stock Issued During Period Value Adjustments
StockIssuedDuringPeriodValueAdjustments
|
usd | |
CY2024Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
usd | |
CY2023Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
usd | |
CY2024Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
usd | |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
usd | |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | |
CY2024Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
usd | |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
usd | |
CY2024Q1 | hcti |
Increase In Additional Paidup Capital
IncreaseInAdditionalPaidupCapital
|
usd | |
CY2023Q1 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
usd | |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
usd | |
CY2024Q1 | hcti |
Business Combination Recognized Working Capital
BusinessCombinationRecognizedWorkingCapital
|
usd | |
CY2024Q1 | hcti |
Warrants Recognized Cost
WarrantsRecognizedCost
|
usd | |
CY2023Q1 | hcti |
Warrants Recognized Cost
WarrantsRecognizedCost
|
usd | |
CY2024Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2024Q1 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
usd | |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
usd | |
CY2024Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2024Q1 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | |
CY2023Q1 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | |
CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2024Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | |
CY2024Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
||
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.42 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.79 | |
CY2024Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2024Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2024Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001839285 |