2024 Q2 Form 10-Q Financial Statement

#000149315224019980 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $0.00
YoY Change
Cost Of Revenue $170.0K $122.8K $334.8K
YoY Change 130.87% 57.92%
Gross Profit $164.9K $163.3K $495.7K
YoY Change 35.64% 32.99%
Gross Profit Margin
Selling, General & Admin $654.7K $1.129M $458.7K
YoY Change 176.26% 637.55% 32.0%
% of Gross Profit 397.02% 691.49% 92.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.57K $14.64K $58.01K
YoY Change 12.11% 0.36%
% of Gross Profit 9.44% 8.97% 11.7%
Operating Expenses $654.7K $1.495M $458.7K
YoY Change 176.29% 876.77% 32.0%
Operating Profit -$489.8K -$1.332M $36.99K
YoY Change 324.47% 4296.03%
Interest Expense -$4.200K $18.13K $274.9K
YoY Change -100.53% -97.96% -56.59%
% of Operating Profit 743.17%
Other Income/Expense, Net $86.19K -$4.433K $187.3K
YoY Change -89.04% -100.5%
Pretax Income -$403.6K -$1.337M -$183.8K
YoY Change -173.43% -281.58% -164.31%
Income Tax $47.20K
% Of Pretax Income
Net Earnings -$387.9K -$1.337M -$231.0K
YoY Change -198.2% -338.34% -333.59%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.02 -$0.08 -$0.05
COMMON SHARES
Basic Shares Outstanding 16.22M shares 16.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $821.4K $974.6K $586.0K
YoY Change -32.68% 14.64% -50.02%
Cash & Equivalents $821.4K $974.6K $585.7K
Short-Term Investments
Other Short-Term Assets $152.4K $157.4K $117.5K
YoY Change 190.32% 124.93% 1199.35%
Inventory $1.460K $3.598K $1.977K
Prepaid Expenses $14.92K $15.78K $106.9K
Receivables $25.72K $29.16K $28.61K
Other Receivables $107.0K $59.21K $41.20K
Total Short-Term Assets $1.977M $1.549M $703.2K
YoY Change 55.35% 68.29% -41.14%
LONG-TERM ASSETS
Property, Plant & Equipment $117.4K $113.5K $129.2K
YoY Change
Goodwill $323.9K
YoY Change
Intangibles
YoY Change
Long-Term Investments $14.01K $21.25M
YoY Change -99.93% -75.88%
Other Assets $389.9K $436.7K $298.3K
YoY Change
Total Long-Term Assets $1.092M $1.010M $21.25M
YoY Change -94.72% -98.87% -75.88%
TOTAL ASSETS
Total Short-Term Assets $1.977M $1.549M $703.2K
Total Long-Term Assets $1.092M $1.010M $21.25M
Total Assets $3.068M $2.558M $21.96M
YoY Change -86.02% -97.15% -75.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $525.6K $602.6K $632.0K
YoY Change 61.71% 40.03% 67.84%
Accrued Expenses $462.7K $444.0K $514.9K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $241.3K $279.8K $205.0K
YoY Change 260.15%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.422M $4.468M $837.6K
YoY Change 1174.37% 938.27% 122.44%
LONG-TERM LIABILITIES
Long-Term Debt $947.5K $947.5K $0.00
YoY Change
Other Long-Term Liabilities $198.3K $110.3K $3.019M
YoY Change -93.43% -96.34% 0.01%
Total Long-Term Liabilities $1.146M $1.058M $182.4K
YoY Change -62.05% -64.96% -93.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.422M $4.468M $837.6K
Total Long-Term Liabilities $1.146M $1.058M $182.4K
Total Liabilities $6.568M $5.526M $3.856M
YoY Change 90.69% 60.22% 13.58%
SHAREHOLDERS EQUITY
Retained Earnings -$4.490M -$4.102M -$2.358M
YoY Change 186.2% 92.54% 16.0%
Common Stock $1.623K $1.623K $1.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.612M -$3.132M -$2.358M
YoY Change
Total Liabilities & Shareholders Equity $3.068M $2.558M $21.96M
YoY Change -86.02% -97.15% -75.41%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$387.9K -$1.337M -$231.0K
YoY Change -198.2% -338.34% -333.59%
Depreciation, Depletion And Amortization $15.57K $14.64K $58.01K
YoY Change 12.11% 0.36%
Cash From Operating Activities -$490.8K -$638.2K -$230.5K
YoY Change 2.3% 90.28% -29.77%
INVESTING ACTIVITIES
Capital Expenditures $25.95K $2.072K $14.57K
YoY Change -74.81%
Acquisitions
YoY Change
Other Investing Activities $20.83M -$250.0K $13.00K
YoY Change -69.85% -300.0%
Cash From Investing Activities $20.81M -$252.1K $13.00K
YoY Change -69.89% -300.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.49M $749.9K -9.100K
YoY Change -69.98% 5668.83%
NET CHANGE
Cash From Operating Activities -490.8K -$638.2K -230.5K
Cash From Investing Activities 20.81M -$252.1K 13.00K
Cash From Financing Activities -20.49M $749.9K -9.100K
Net Change In Cash -175.9K -$140.3K -226.6K
YoY Change -147.59% -56.47% -32.3%
FREE CASH FLOW
Cash From Operating Activities -$490.8K -$638.2K -$230.5K
Capital Expenditures $25.95K $2.072K $14.57K
Free Cash Flow -$516.8K -$640.3K -$245.1K
YoY Change 86.33%

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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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6558 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
999506 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
91621825 usd
CY2024Q1 ACAX Issuance Of Common Stock To For Deferred Underwriting Compensation
IssuanceOfCommonStockToForDeferredUnderwritingCompensation
1509375 usd
CY2024Q1 us-gaap Stock Issued1
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1359 usd
CY2024Q1 ACAX Valuation Gain From Notes Receivable And Warrant Shrg
ValuationGainFromNotesReceivableAndWarrantShrg
-216188 usd
CY2023Q1 ACAX Initial Recognition Of Operating Lease Right Of Use Asset And Liability
InitialRecognitionOfOperatingLeaseRightOfUseAssetAndLiability
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CY2024Q1 us-gaap Nature Of Operations
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<p id="xdx_805_eus-gaap--NatureOfOperations_zuijDFL8oSJk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 — <span id="xdx_827_zSiFb77JBOtk">DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><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 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">HWH International Inc. (“HWH”) and its consolidated subsidiaries (collectively, the “Company”) operate a food and beverage (“F&amp;B”) business in Singapore and South Korea. The Company operates a membership model in which individuals pay an upfront membership fee to become members. As members, these individuals receive discounted access to products and services offered by the Company’s affiliates. Previously, the Company had approximately 9,000 members, primarily in South Korea. Currently, this membership business has been temporarily suspended.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><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 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">HWH International Inc. was originally incorporated in Delaware on October 20, 2021 under the name Alset Capital Acquisition Corp. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company consummated the Business Combination on January 9, 2024 and changed its name from “Alset Capital Acquisition Corp.” to “HWH International Inc.” The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><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 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On September 9, 2022, the Company entered into an agreement and plan of merger (the “Merger Agreement”) by and among the Company, HWH International Inc., a Nevada corporation (the “HWH Nevada” or “Target”) and HWH Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of the Company (“Merger Sub”). The Company and Merger Sub are sometimes referred to collectively as the “ACAX Parties.” Pursuant to the Merger Agreement, a business combination between the Company and the Target was effected through the merger of Merger Sub with and into HWH Nevada, with the Target surviving the merger as a wholly owned subsidiary of the Company (the “Merger”). Upon the closing of the Merger (the “Closing”) on January 9, 2024, the Company changed its name to “HWH International Inc.” The board of directors of the Company (i) approved and declared advisable the Merger Agreement, the Ancillary Agreements (as defined in the Merger Agreement) and the transactions contemplated thereby and (ii) resolved to recommend approval of the Merger Agreement and related transactions by the stockholders of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><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 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Target was owned and controlled by certain member officers and directors of the Company and its sponsor. The Merger was consummated following the receipt of the required approval by the stockholders of the Company and the shareholders of the Target and the satisfaction of certain other customary closing conditions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><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 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The total consideration paid at Closing (the “Merger Consideration”) by the Company to the Target’s shareholders was $<span id="xdx_904_eus-gaap--StockIssuedDuringPeriodValueAcquisitions_c20220909__20220909__us-gaap--TypeOfArrangementAxis__custom--MergerAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--HWHInternationalIncMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_ztItWItPYVr3" title="Consideration paid value">125,000,000</span>, and was payable in shares of the common stock, par value $<span id="xdx_90C_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20220909__us-gaap--TypeOfArrangementAxis__custom--MergerAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--HWHInternationalIncMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zJ9CEQLUHKKf" title="Common stock, par value">0.0001</span> per share, of the Company (“Company Common Stock”). The number of shares of the Company Common Stock paid to the shareholders of the Target as Merger Consideration was<span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20220909__20220909__us-gaap--TypeOfArrangementAxis__custom--MergerAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--HWHInternationalIncMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_z3ShhMrMQj8c" title="Consideration paid shares"> 12,500,000</span>, with each share being valued at $<span id="xdx_908_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20220909__us-gaap--TypeOfArrangementAxis__custom--MergerAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--HWHInternationalIncMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zJdEv6X0KXod" title="Shares issued price per share">10.00</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2024Q1 us-gaap Common Stock Voting Rights
CommonStockVotingRights
more than 50% of the voting common stock
CY2023Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
21000000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_849_eus-gaap--UseOfEstimates_zuYLBFyeqS08" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_868_zNtcFPwOrWDc">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><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 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the financial statements in conformity with US GAAP requires the Company’s 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 balance sheet.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><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 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the balance sheet, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Cash
Cash
999506 usd
CY2023Q4 us-gaap Cash
Cash
22505969 usd
CY2024Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2024Q1 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
24874 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1162 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1162 usd
CY2022Q4 ACAX Prepaid Sales Commision
PrepaidSalesCommision
6839 usd
CY2023 ACAX Increase Decrease In Prepaid Sales Commision
IncreaseDecreaseInPrepaidSalesCommision
-6839 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
21198 usd
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-21198 usd
CY2024Q1 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
37311 usd
CY2023Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
37179 usd
CY2024Q1 us-gaap Cost Of Revenue
CostOfRevenue
122813 usd
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
77769 usd
CY2024Q1 ACAX Commission Fee Percentage
CommissionFeePercentage
0.25 pure
CY2024Q1 us-gaap Advertising Expense
AdvertisingExpense
2242 usd
CY2023Q1 us-gaap Advertising Expense
AdvertisingExpense
4095 usd
CY2023Q1 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
30000 usd
CY2024Q1 us-gaap Share Price
SharePrice
10.00
CY2023Q2 us-gaap Loans Payable
LoansPayable
68928 usd
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
909875 shares
CY2024Q1 us-gaap Minority Interest
MinorityInterest
164499 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
8666 usd
CY2022Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
8591072 shares
CY2022Q3 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
1972896 shares
CY2022Q3 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
2156250 shares
CY2022Q3 us-gaap Capital Units Outstanding
CapitalUnitsOutstanding
476890 shares
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
909875 shares
CY2024Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
29156 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
28611 usd
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
14302 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
9070 usd
CY2023Q3 us-gaap Loans Payable
LoansPayable
69158 usd
CY2024Q1 us-gaap Loans Payable
LoansPayable
205305 usd
CY2023Q4 us-gaap Loans Payable
LoansPayable
205305 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3598 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1977 usd
CY2024Q1 us-gaap Inventory Adjustments
InventoryAdjustments
0 usd
CY2023Q1 us-gaap Inventory Adjustments
InventoryAdjustments
0 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
113520 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
129230 usd
CY2024Q1 us-gaap Depreciation
Depreciation
14643 usd
CY2023Q1 us-gaap Depreciation
Depreciation
14591 usd
CY2024Q1 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
0 usd
CY2022Q1 us-gaap Cash
Cash
183311 usd
CY2022Q1 us-gaap Cash
Cash
243567 sgd
CY2024Q1 us-gaap Investments Fair Value Disclosure
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466188 usd
CY2024Q1 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
56000000 shares
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.01
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y2M23D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04 pure
CY2024Q1 us-gaap Lease Cost
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125143 usd
CY2023Q1 us-gaap Lease Cost
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130044 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
170801 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
144209 usd
CY2024Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3441 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
12107 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
459339 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
598508 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
362343 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
429687 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
110344 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
182380 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
472687 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
612067 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
200562 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
374451 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
111616 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
486067 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13380 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
472687 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
362343 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
110344 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
286110 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
200562 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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CY2024Q1 us-gaap Cash Uninsured Amount
CashUninsuredAmount
621561 usd
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
21989947 usd
CY2024Q1 us-gaap Goodwill
Goodwill
323864 usd
CY2023Q1 us-gaap Goodwill
Goodwill
0 usd
CY2024Q1 ACAX Impairment Of Convertible Note Receivable And Investment In Associate Related Party
ImpairmentOfConvertibleNoteReceivableAndInvestmentInAssociateRelatedParty
366192 usd

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