2023 Q2 Form 10-Q Financial Statement

#000153702823000023 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $56.36M $63.76M $34.99M
YoY Change 33.19% 82.21% 125.14%
Cost Of Revenue $33.83M $37.46M $27.17M
YoY Change 17.03% 37.9% 86.83%
Gross Profit $22.53M $26.30M $7.826M
YoY Change 68.01% 236.01% 682.6%
Gross Profit Margin 39.98% 41.24% 22.37%
Selling, General & Admin $5.224M $6.727M $5.228M
YoY Change 7.49% 28.67% 41.83%
% of Gross Profit 23.19% 25.58% 66.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.41M $10.85M $9.751M
YoY Change 15.81% 11.31% -2.39%
% of Gross Profit 50.62% 41.28% 124.6%
Operating Expenses $16.63M $6.727M $5.228M
YoY Change 242.16% 28.67% 41.83%
Operating Profit $5.900M $8.729M -$6.637M
YoY Change -922.87% -231.52% -45.96%
Interest Expense -$8.251M -$8.719M -$4.675M
YoY Change 0.23% 86.5% 26.04%
% of Operating Profit -139.85% -99.89%
Other Income/Expense, Net
YoY Change
Pretax Income -$4.358M $10.00K -$59.52M
YoY Change 636.15% -100.02% 272.18%
Income Tax -$197.0K -$2.000K -$720.0K
% Of Pretax Income -20.0%
Net Earnings -$4.161M $12.00K -$58.80M
YoY Change 49.09% -100.02% 266.9%
Net Earnings / Revenue -7.38% 0.02% -168.03%
Basic Earnings Per Share -$0.30 $0.00 -$5.20
Diluted Earnings Per Share -$0.30 $0.00 -$5.20
COMMON SHARES
Basic Shares Outstanding 14.06M 13.64M 11.30M
Diluted Shares Outstanding 14.05M 13.88M 11.30M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.584M $6.715M $9.342M
YoY Change -23.44% -28.12% 73.0%
Cash & Equivalents $5.584M $6.715M $9.342M
Short-Term Investments
Other Short-Term Assets $2.732M $1.000K $9.000K
YoY Change 3448.05% -88.89% -99.8%
Inventory $1.663M $1.543M $1.301M
Prepaid Expenses
Receivables $34.51M $41.84M $24.23M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $44.49M $53.97M $39.42M
YoY Change 17.39% 36.89% 85.28%
LONG-TERM ASSETS
Property, Plant & Equipment $374.9M $380.1M $360.0M
YoY Change 4.78% 5.58% -4.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $832.0K $2.389M $2.201M
YoY Change -60.66% 8.54% -32.71%
Total Long-Term Assets $375.7M $381.1M $361.0M
YoY Change 4.77% 5.58% -4.26%
TOTAL ASSETS
Total Short-Term Assets $44.49M $53.97M $39.42M
Total Long-Term Assets $375.7M $381.1M $361.0M
Total Assets $420.2M $435.1M $400.4M
YoY Change 5.97% 8.66% 0.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.30M $26.95M $18.83M
YoY Change 7.24% 43.15% 289.27%
Accrued Expenses $7.137M $13.55M $10.55M
YoY Change -21.09% 28.49% 11.33%
Deferred Revenue $1.089M $1.368M $1.701M
YoY Change 335.6% -19.58% 717.79%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.947M $2.071M $3.902M
YoY Change -39.63% -46.92% -67.75%
Total Short-Term Liabilities $32.06M $42.57M $33.28M
YoY Change -11.61% 27.94% 26.04%
LONG-TERM LIABILITIES
Long-Term Debt $155.2M $163.9M $120.1M
YoY Change 27.14% 36.47% -9.7%
Other Long-Term Liabilities $8.276M $652.0K $1.894M
YoY Change 318.61% -65.58% -28.66%
Total Long-Term Liabilities $163.5M $652.0K $1.894M
YoY Change 8170.66% -65.58% -28.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.06M $42.57M $33.28M
Total Long-Term Liabilities $163.5M $652.0K $1.894M
Total Liabilities $207.5M $219.4M $251.2M
YoY Change 14.9% -12.66% 51.81%
SHAREHOLDERS EQUITY
Retained Earnings -$403.2M -$399.1M -$392.6M
YoY Change 1.99% 1.66% 38.67%
Common Stock $619.9M $618.7M $545.7M
YoY Change 0.76% 13.37% 4.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.923M
YoY Change 0.26%
Treasury Stock Shares $81.85K
Shareholders Equity $212.8M $215.7M $149.2M
YoY Change
Total Liabilities & Shareholders Equity $420.2M $435.1M $400.4M
YoY Change 5.97% 8.66% 0.52%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$4.161M $12.00K -$58.80M
YoY Change 49.09% -100.02% 266.9%
Depreciation, Depletion And Amortization $11.41M $10.85M $9.751M
YoY Change 15.81% 11.31% -2.39%
Cash From Operating Activities $21.50M $13.56M -$1.661M
YoY Change 421.24% -916.26% -73.59%
INVESTING ACTIVITIES
Capital Expenditures $12.33M $18.84M $6.279M
YoY Change -310.9% 199.97% 260.45%
Acquisitions
YoY Change
Other Investing Activities $798.0K $748.0K $589.0K
YoY Change -42.71% 26.99% -9.38%
Cash From Investing Activities -$11.53M -$18.09M -$5.690M
YoY Change 158.95% 217.87% 422.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.10M 5.918M 12.55M
YoY Change 545.49% -52.86% 2228.94%
NET CHANGE
Cash From Operating Activities 21.50M 13.56M -1.661M
Cash From Investing Activities -11.53M -18.09M -5.690M
Cash From Financing Activities -11.10M 5.918M 12.55M
Net Change In Cash -1.131M 1.389M 5.202M
YoY Change -44.78% -73.3% -176.06%
FREE CASH FLOW
Cash From Operating Activities $21.50M $13.56M -$1.661M
Capital Expenditures $12.33M $18.84M $6.279M
Free Cash Flow $9.167M -$5.277M -$7.940M
YoY Change -8.05% -33.54% -1.15%

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CY2023Q1 icd Amortization Of Convertible Notes Issuance Costs And Debt Discount
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CY2022Q1 icd Amortization Of Convertible Notes Issuance Costs And Debt Discount
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CY2022Q1 icd Change In Fair Value Of Embedded Derivative Liability
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CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2022Q1 us-gaap Increase Decrease In Receivables
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CY2023Q1 us-gaap Increase Decrease In Inventories
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35000
CY2022Q1 us-gaap Increase Decrease In Inventories
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130000
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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748000
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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589000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 icd Payments Of Merger Consideration
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2902000
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
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3360000
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1194000
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4140000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6715000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9342000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
419000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
4262000
CY2023Q1 icd Purchases Of Property Plant And Equipment In Accounts Payable
PurchasesOfPropertyPlantAndEquipmentInAccountsPayable
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CY2022Q1 icd Purchases Of Property Plant And Equipment In Accounts Payable
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CY2023Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
51000
CY2022Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
604000
CY2022Q1 icd Finance Lease Extinguishment Of Lease Obligations From Sale Of Assets
FinanceLeaseExtinguishmentOfLeaseObligationsFromSaleOfAssets
7000
CY2022Q1 icd Initial Embedded Derivative Liability Upon Issuance Of Convertible Notes
InitialEmbeddedDerivativeLiabilityUponIssuanceOfConvertibleNotes
75733000
CY2022Q1 icd Non Cash Or Part Non Cash Expenses Restructuring Fees
NonCashOrPartNonCashExpensesRestructuringFees
9163000
CY2022Q1 icd Market Price Of Oil
MarketPriceOfOil
123.64
CY2023Q2 icd Market Price Of Oil
MarketPriceOfOil
75.65
CY2022Q3 icd Natural Gas Price
NaturalGasPrice
9.85
CY2022Q4 icd Natural Gas Price
NaturalGasPrice
3.52
CY2023Q2 icd Natural Gas Price
NaturalGasPrice
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CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1158000
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
540000
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
505000
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
31000.0
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
63756000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
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CY2023Q1 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
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CY2022Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
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CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1369000
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
967000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
751000
CY2023Q1 icd Contract With Customer Liability Increase Decrease From Cash Receipts
ContractWithCustomerLiabilityIncreaseDecreaseFromCashReceipts
751000
CY2022Q1 icd Contract With Customer Liability Increase Decrease From Cash Receipts
ContractWithCustomerLiabilityIncreaseDecreaseFromCashReceipts
1664000
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1365000
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4000
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0
CY2023Q1 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
700000
CY2022Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
300000
CY2023Q1 icd Capitalized Contract Cost Increase
CapitalizedContractCostIncrease
900000
CY2023Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
500000
CY2022Q1 icd Capitalized Contract Cost Increase
CapitalizedContractCostIncrease
2000000.0
CY2022Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1200000
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
191000
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
194000
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1730000
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1397000
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
162000
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
123000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
555000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
315000
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
73000
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
114000
CY2023Q1 icd Finance Lease Cost
FinanceLeaseCost
628000
CY2022Q1 icd Finance Lease Cost
FinanceLeaseCost
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CY2023Q1 us-gaap Lease Cost
LeaseCost
2711000
CY2022Q1 us-gaap Lease Cost
LeaseCost
2143000
CY2023Q1 us-gaap Operating Lease Payments
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196000
CY2022Q1 us-gaap Operating Lease Payments
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CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
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CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
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CY2023Q1 us-gaap Finance Lease Principal Payments
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CY2022Q1 us-gaap Finance Lease Principal Payments
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1194000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
51000
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1435000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
976000
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
580000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
373000
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
134000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1547000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1124000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
7358000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
7307000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
2596000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
1994000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4762000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5313000
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2071000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2485000
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1293000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1599000
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
3364000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
4084000
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y4M24D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0999
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1086
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0811
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0812
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
837000
CY2023Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1924000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
673000
CY2023Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1121000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
161000
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
560000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10000
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
9000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1681000
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3614000
CY2023Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
250000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1547000
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
3364000
CY2022Q1 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
1900000
CY2022Q2 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
2400000
CY2022Q2 us-gaap Embedded Derivative No Longer Bifurcated Amount Reclassified To Stockholders Equity
EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity
69200000
CY2022Q2 icd Realized Gain On Extinguishment Of Derivative
RealizedGainOnExtinguishmentOfDerivative
10800000
CY2022Q1 us-gaap Debt Instrument Term
DebtInstrumentTerm
P4Y
CY2023Q1 icd Fair Value Assets Level Transfers Amount
FairValueAssetsLevelTransfersAmount
0
CY2023Q1 us-gaap Prepaid Insurance
PrepaidInsurance
2406000
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
3796000
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
785000
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
656000
CY2023Q1 us-gaap Deferred Costs Current
DeferredCostsCurrent
679000
CY2022Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
283000
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
1000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1000
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3871000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4736000
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4692000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6908000
CY2023Q1 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
1600000
CY2022Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
3002000
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1368000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1003000
CY2023Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
2511000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
3621000
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
145000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
101000
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
967000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
751000
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2266000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2222000
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13549000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
17608000
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
3364000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
4084000
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
203947000
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
186061000
CY2023Q1 icd Convertible Notes Issuance Costs And Debt Discount
ConvertibleNotesIssuanceCostsAndDebtDiscount
37975000
CY2022Q4 icd Convertible Notes Issuance Costs And Debt Discount
ConvertibleNotesIssuanceCostsAndDebtDiscount
40353000
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2071000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2485000
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
163901000
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
143223000
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
39230000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1672000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
731000
CY2023Q1 icd Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Remaining Term To Maturity
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRemainingTermToMaturity
P4Y10M24D
CY2022 icd Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Remaining Term To Maturity
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRemainingTermToMaturity
P5Y1M6D
CY2023Q1 us-gaap Shares Outstanding
SharesOutstanding
14062394
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
85092
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
12000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.20
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.20
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13865000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11303000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13881000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11303000
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4888000
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.200
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.012
CY2023Q1 us-gaap Purchase Obligation
PurchaseObligation
5100000
CY2022Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
78900000
CY2022Q1 icd Investor S Rights Agreement Number Of Directors Who Can Be Nominated
InvestorSRightsAgreementNumberOfDirectorsWhoCanBeNominated
1
CY2022Q1 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
25000000.0
CY2022Q1 icd Investor S Rights Agreement Number Of Directors Who Can Be Nominated
InvestorSRightsAgreementNumberOfDirectorsWhoCanBeNominated
1
CY2022Q1 icd Number Of Holder Representatives That Have Right To Nominate Additional Representative As Director
NumberOfHolderRepresentativesThatHaveRightToNominateAdditionalRepresentativeAsDirector
2
CY2022Q1 icd Number Of Additional Representative To Be Appointed As Individual Director
NumberOfAdditionalRepresentativeToBeAppointedAsIndividualDirector
1
CY2022Q1 icd Number Of Holder Representatives That Have Right To Nominate Additional Representative As Director
NumberOfHolderRepresentativesThatHaveRightToNominateAdditionalRepresentativeAsDirector
2
CY2022Q1 icd Number Of Directors
NumberOfDirectors
6
CY2022Q3 icd Number Of Directors
NumberOfDirectors
7

Files In Submission

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icd-20230331_def.xml Edgar Link unprocessable
icd-20230331_pre.xml Edgar Link unprocessable
icd-20230331_cal.xml Edgar Link unprocessable
icd-20230331_lab.xml Edgar Link unprocessable
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0001537028-23-000023-index.html Edgar Link pending
0001537028-23-000023.txt Edgar Link pending
0001537028-23-000023-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
icd-20230331.xsd Edgar Link pending
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icd-20230331xex10d1.htm Edgar Link pending
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