2021 Q4 Form 10-K Financial Statement

#000153097922000024 Filed on March 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $80.38M $318.6M $77.87M
YoY Change 3.22% 6.03% 21.98%
Cost Of Revenue $56.29M $209.5M $51.67M
YoY Change 8.94% 8.74% 22.41%
Gross Profit $24.09M $109.2M $26.20M
YoY Change -8.05% 1.18% 21.13%
Gross Profit Margin 29.97% 34.26% 33.65%
Selling, General & Admin $31.10M $84.06M $36.55M
YoY Change -14.92% 17.97% 56.46%
% of Gross Profit 129.07% 77.0% 139.5%
Research & Development $1.597M $7.679M $2.010M
YoY Change -20.55% 34.6% 51.13%
% of Gross Profit 6.63% 7.03% 7.67%
Depreciation & Amortization $1.011M $4.146M
YoY Change -14.59%
% of Gross Profit 4.2% 3.8%
Operating Expenses $32.69M $146.0M $38.57M
YoY Change -15.24% 20.23% 56.22%
Operating Profit -$8.601M -$36.83M -$12.37M
YoY Change -30.47% 171.98% 304.25%
Interest Expense -$414.0K -$1.776M -$270.0K
YoY Change 53.33% 122.0% -1450.0%
% of Operating Profit
Other Income/Expense, Net -$1.776M
YoY Change 112.19%
Pretax Income -$9.015M -$38.60M -$12.64M
YoY Change -28.68% 168.5% 315.79%
Income Tax $10.00K $77.00K $20.00K
% Of Pretax Income
Net Earnings -$9.025M -$38.68M -$12.66M
YoY Change -28.71% 167.38% 313.73%
Net Earnings / Revenue -11.23% -12.14% -16.26%
Basic Earnings Per Share -$0.43
Diluted Earnings Per Share -$98.84K -$0.43 -$140.4K
COMMON SHARES
Basic Shares Outstanding 91.03M shares 71.13M shares
Diluted Shares Outstanding 71.13M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $93.18M $93.18M $63.68M
YoY Change 46.31% 46.28%
Cash & Equivalents $50.79M $50.79M $29.26M
Short-Term Investments $42.39M $42.39M $34.43M
Other Short-Term Assets $13.17M $13.17M
YoY Change 25.38%
Inventory $75.67M $75.67M $76.67M
Prepaid Expenses
Receivables $31.78M $31.78M
Other Receivables $0.00 $0.00
Total Short-Term Assets $213.8M $213.8M $173.6M
YoY Change 23.18% 23.15%
LONG-TERM ASSETS
Property, Plant & Equipment $52.95M $52.95M $56.70M
YoY Change -6.62% -6.61%
Goodwill $2.230M $2.230M
YoY Change 0.0%
Intangibles $440.0K $511.0K
YoY Change -13.89%
Long-Term Investments
YoY Change
Other Assets $3.179M $3.179M $1.542M
YoY Change 106.16% -58.71%
Total Long-Term Assets $58.80M $58.80M $67.18M
YoY Change -12.47% -12.37%
TOTAL ASSETS
Total Short-Term Assets $213.8M $213.8M $173.6M
Total Long-Term Assets $58.80M $58.80M $67.18M
Total Assets $272.6M $272.6M $240.7M
YoY Change 13.24% 13.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.74M $28.74M $31.13M
YoY Change -7.67% -7.58%
Accrued Expenses $19.00M $19.00M $22.22M
YoY Change -14.49% -14.4%
Deferred Revenue $731.0K $716.0K
YoY Change 2.09%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $48.48M $48.48M $54.07M
YoY Change -10.34% -10.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.487M $45.01M $8.657M
YoY Change -13.52% -4.43%
Total Long-Term Liabilities $7.487M $45.01M $8.657M
YoY Change -13.52% -4.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.48M $48.48M $54.07M
Total Long-Term Liabilities $7.487M $45.01M $8.657M
Total Liabilities $93.49M $93.49M $101.2M
YoY Change -7.57% -7.62%
SHAREHOLDERS EQUITY
Retained Earnings -$391.7M -$353.0M
YoY Change 10.96%
Common Stock $9.000K $3.000K
YoY Change 200.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $179.1M $179.1M -$236.8M
YoY Change
Total Liabilities & Shareholders Equity $272.6M $272.6M $240.7M
YoY Change 13.24% 13.25%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$9.025M -$38.68M -$12.66M
YoY Change -28.71% 167.38% 313.73%
Depreciation, Depletion And Amortization $1.011M $4.146M
YoY Change -14.59%
Cash From Operating Activities -$1.795M -$38.15M
YoY Change 216.21%
INVESTING ACTIVITIES
Capital Expenditures -$33.00K $220.0K
YoY Change 10.0%
Acquisitions
YoY Change
Other Investing Activities $20.14M -$8.403M
YoY Change -122.77%
Cash From Investing Activities $20.11M -$8.623M
YoY Change -123.5%
FINANCING ACTIVITIES
Cash Dividend Paid $35.00M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.809M $60.37M
YoY Change -6304.32%
NET CHANGE
Cash From Operating Activities -1.795M -$38.15M
Cash From Investing Activities 20.11M -$8.623M
Cash From Financing Activities 4.809M $60.37M
Net Change In Cash 23.13M $13.59M
YoY Change -42.55%
FREE CASH FLOW
Cash From Operating Activities -$1.795M -$38.15M
Capital Expenditures -$33.00K $220.0K
Free Cash Flow -$1.762M -$38.37M
YoY Change 212.85%

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Nature of Business<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Honest Company, Inc. (the “Company”) was incorporated in the State of California on July 19, 2011 and on May 23, 2012 was re-incorporated in the State of Delaware under the same name. The Company is a mission-driven lifestyle brand that formulates, designs and sells clean products with a focus on sustainability and thoughtful design. The Company sells its products through digital and retail sales channels in the following product categories: Diapers and Wipes, Skin and Personal Care, and Household and Wellness. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Initial Public Offering</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s registration statement on Form S-1 (“IPO Registration Statement”) related to its initial public offering (“IPO”) was declared effective on May 4, 2021, and the Company’s common stock began trading on the Nasdaq Global Select Market on May 5, 2021. On May 7, 2021, the Company completed its IPO of 25,807,000 shares of the Company's common stock, $0.0001 par value per share at an offering price of $16.00 per share. The Company sold 6,451,613 shares and certain existing stockholders sold an aggregate of 19,355,387 shares. The Company received aggregate net proceeds of approximately $91.0 million after deducting underwriting discounts and commissions of $6.7 million and other offering expenses of $5.5 million. The Company granted the underwriters an option for a period of 30 days to purchase up to an additional 3,871,050 shares of common stock from the selling stockholders at $16.00 per share less the underwriting discounts and commissions. In May 2021, the underwriters fully exercised the option to purchase these additional shares from the selling stockholders. The Company did not receive any proceeds from the sale of shares of its common stock by the selling stockholders.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Upon completion of the IPO, the Company paid $9.5 million in cash bonuses to certain employees including members of management, as well as $0.2 million in related payroll taxes and expenses. Cash bonuses of $9.1 million were recorded in sales, general and administrative expenses and $0.4 million were recorded in research and development expenses in the accompanying consolidated statement of comprehensive loss for the year ended December 31, 2021. </span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In April 2021, the Company's board of directors declared a cash dividend of $35.0 million to the holders of record of its common stock and its redeemable convertible preferred stock as of May 3, 2021, which the Company paid on June 29, 2021</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Immediately prior to the completion of the IPO, the Company filed an Amended and Restated Certificate of Incorporation, which authorized a total of 1,000,000,000 shares of common stock and 20,000,000 shares of preferred stock. Upon the filing of the Amended and Restated Certificate of Incorporation, 49,100,928 shares of the Company’s redeemable convertible preferred stock then outstanding with a carrying value of $376.4 million were automatically converted into 49,649,023 shares of the Company’s common stock. Upon completion of the IPO, the Company recognized a gain on extinguishment of the redeemable convertible preferred stock for earnings per share purposes of $29.0 million from the conversion of redeemable convertible preferred stock to common stock. Following the completion of the IPO, the Company has one class of authorized and outstanding common stock. See Note 10 "</span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redeemable Convertible Preferred Stock and Stockholders’ Deficit" for more information on </span>the Company’s redeemable convertible preferred stock as of December 31, 2020.
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">    </span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s estimates, which are subject to varying degrees of judgment, include the valuation of inventories, sales returns and allowances, allowances for doubtful accounts, valuation of short-term investments, valuation of build-to-suit lease, capitalized software, useful lives associated with long-lived assets, valuation allowances with respect to deferred tax assets, accruals and contingencies, recoverability of non-cash marketing credits, recoverability of goodwill and long-lived assets, and the valuation and assumptions underlying stock-based compensation and for the periods prior to the Company's IPO, the fair value of common stock. On an ongoing basis, the Company evaluates its estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets and liabilities.</span></div><div><span><br/></span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2020, the World Health Organization declared the outbreak of the novel coronavirus disease (“COVID-19”) a pandemic. The full extent to which the outbreak of the COVID-19 pandemic will impact the Company’s business, results of operations and financial condition is still unknown and will depend on future developments, which are uncertain and cannot be predicted, including, but not limited to, the duration and spread of the outbreak, its severity, the actions to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume.</span></div>In light of the unknown ultimate duration and severity of COVID-19, the Company faces a greater degree of uncertainty than normal in making certain judgments and estimates needed to apply significant accounting policies. The Company assessed certain accounting matters and estimates that generally require consideration of forecasted information in context with the information reasonably available to the Company as of December 31, 2021 and through the date these consolidated financial statements were issued. Management is not aware of any specific event or circumstance that would require an update to estimates or judgments or a revision to the carrying value of assets or liabilities. However, these estimates and judgments may change as new events occur and additional information is obtained, which may result in changes being recognized in the Company’s consolidated financial statements in future periods. For example, based on macro Household &amp; Wellness trends, consumer demand for sanitizing and disinfecting products has decelerated at a more rapid than expected rate as more consumers have become vaccinated and retailers continue to manage heavy inventories of sanitization and disinfecting products in stores. The Company recorded an inventory write-off of $5.6 million throughout the year relating to certain sanitization and disinfecting products as the amount of inventory was significantly in excess of existing demand. In addition, the Company donated $0.7 million of face masks to its charitable partner Baby2Baby to assist in getting these products into the hands of families in need. The Company will continue to monitor and evaluate the uncertainty and volatility of these conditions and, in particular, the impact on the amount and valuation of the Company’s inventory in the future.
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49200000 USD
CY2020 us-gaap Advertising Expense
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41100000 USD
CY2019 us-gaap Advertising Expense
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28900000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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318639000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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300522000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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235587000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
318639000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
300522000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
235587000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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1057000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
617000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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440000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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1057000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
546000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
511000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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100000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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100000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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70000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
70000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
70000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
70000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
70000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
90000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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440000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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80720000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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80494000 USD
CY2021Q4 hnst Accrued Inventory Purchases
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8838000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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27768000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
23791000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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52952000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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56703000 USD
CY2021 us-gaap Capital Leases Income Statement Amortization Expense
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400000 USD
CY2019 us-gaap Capital Leases Income Statement Amortization Expense
CapitalLeasesIncomeStatementAmortizationExpense
300000 USD
CY2020 us-gaap Capital Leases Income Statement Amortization Expense
CapitalLeasesIncomeStatementAmortizationExpense
300000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
36400000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
27500000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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6000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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6900000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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42429000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
42000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
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42388000 USD
CY2021Q4 us-gaap Accrued Salaries Current
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2497000 USD
CY2020Q4 us-gaap Accrued Salaries Current
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6115000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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34331000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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97000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
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7700000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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3000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
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34425000 USD
CY2020Q4 us-gaap Restricted Cash
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7900000 USD
CY2020Q4 hnst Accrued Return Liabilities
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2585000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
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6213000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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8934000 USD
CY2020Q4 hnst Accrued Inventory Purchases
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4588000 USD
CY2021Q4 hnst Accrued Return Liabilities
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1455000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
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19003000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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22222000 USD
CY2021Q2 us-gaap Common Stock Shares Authorized
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1000000000 shares
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2021Q2 us-gaap Temporary Equity Shares Outstanding
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49100928 shares
CY2021Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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376400000 USD
CY2021Q2 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
49649023 shares
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
29000000 USD
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
49192248 shares
CY2020Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
49100928 shares
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
49100928 shares
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
376404000 USD
CY2020Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
396726000 USD
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
6176766 shares
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
0 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
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0 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
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2115000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
369000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
1936000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
280000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
1994000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
57000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
2054000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
21000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
0 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
2179000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable
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10647000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
358000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
8000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
350000 USD
CY2021 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5000000 USD
CY2020 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5200000 USD
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5200000 USD
CY2021 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
2500000 USD
CY2019 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
2700000 USD
CY2020 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
2700000 USD
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
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6300000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
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7700000 USD
CY2021Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
1999000 USD
CY2021Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
1080000 USD
CY2021Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
199000 USD
CY2021Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
0 USD
CY2021Q4 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
0 USD
CY2021Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
0 USD
CY2021Q4 us-gaap Purchase Obligation
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3278000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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18038042 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.23
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M18D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8635000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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1170803 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.89
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
426700 shares
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y1M6D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
42792000 USD
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.20
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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16440539 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.26
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y4M24D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
46589000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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14959779 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.23
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6000000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
300000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
700000 USD
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
7900000 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
7600000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
8300000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
3900000 USD
CY2021 us-gaap Earnings Per Share Diluted
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-0.43
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43
CY2021 us-gaap Allocated Share Based Compensation Expense
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16847000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7905000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
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8380000 USD
CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
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0 USD
CY2020 hnst Gain Loss On Conversion Of Preferred Stock
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0 USD
CY2019 hnst Gain Loss On Conversion Of Preferred Stock
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0 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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-30322000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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-30322000 USD
CY2019 us-gaap Net Income Loss
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CY2021 hnst Gain Loss On Conversion Of Preferred Stock
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28994000 USD
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
20637000 USD
CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2019 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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-14466000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-14466000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
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-31083000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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-31083000 USD
CY2021 hnst Undistributed Earnings Loss Reallocated To Common Stockholders Diluted
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0 USD
CY2020 hnst Undistributed Earnings Loss Reallocated To Common Stockholders Diluted
UndistributedEarningsLossReallocatedToCommonStockholdersDiluted
0 USD
CY2019 hnst Undistributed Earnings Loss Reallocated To Common Stockholders Diluted
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0 USD
CY2020 us-gaap Earnings Per Share Basic
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-0.43
CY2019 us-gaap Earnings Per Share Diluted
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-0.92
CY2019 us-gaap Earnings Per Share Basic
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-0.92
CY2021 hnst Gain Loss On Conversion Of Preferred Stock
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29000000 USD
CY2021Q2 us-gaap Dividends Cash
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35000000 USD
CY2021Q2 us-gaap Dividends Preferred Stock Cash
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20600000 USD
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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19450563 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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67138970 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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65775398 shares
CY2021Q2 us-gaap Temporary Equity Shares Outstanding
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49100928 shares
CY2021Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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376400000 USD
CY2021Q2 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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49649023 shares
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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-30322000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
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-14466000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
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-31083000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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71126218 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34075572 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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33916324 shares
CY2021 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2020 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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71126218 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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34075572 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33916324 shares
CY2021 us-gaap Earnings Per Share Basic
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-0.43
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
77000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
89000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
77000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
55000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
89000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
55000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2015000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
77000 USD
CY2020 us-gaap Income Tax Expense Benefit
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89000 USD
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