2024 Q1 Form 10-K Financial Statement

#000095017024044855 Filed on April 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.253M $1.868M $2.800M
YoY Change -19.54% -62.79% 508.7%
% of Gross Profit
Research & Development $1.697M $1.075M $1.784M
YoY Change -4.88% -14.68% 402.54%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.950M $2.943M $4.581M
YoY Change -13.77% -61.88% 1995.03%
Operating Profit -$3.950M -$4.581M
YoY Change -13.77% 464.16%
Interest Expense $143.0K -$959.0K $433.0K
YoY Change -66.97% -27.89% -87.99%
% of Operating Profit
Other Income/Expense, Net -$8.747M -$5.978M -$681.0K
YoY Change 1184.43% -41.22% 254.69%
Pretax Income -$12.70M -$9.880M -$5.262M
YoY Change 141.3% -48.6% -255.4%
Income Tax $0.00 -$5.000K $0.00
% Of Pretax Income
Net Earnings -$12.70M -$9.875M -$5.262M
YoY Change 141.3% -48.62% -255.4%
Net Earnings / Revenue
Basic Earnings Per Share -$0.19 -$0.40
Diluted Earnings Per Share -$0.19 -$0.26 -$0.40
COMMON SHARES
Basic Shares Outstanding 75.42M 36.98M 13.30M
Diluted Shares Outstanding 67.11M 13.03M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.019M $176.0K $730.0K
YoY Change 587.53% 252.0% 728.98%
Cash & Equivalents $5.019M $176.0K $725.0K
Short-Term Investments
Other Short-Term Assets $1.518M $2.132M $2.660M
YoY Change -42.93% -28.46% -97.49%
Inventory
Prepaid Expenses $1.518M $2.132M $2.659M
Receivables $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.537M $2.308M $3.384M
YoY Change 93.17% -23.98% -96.81%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.203M $1.205M $0.00
YoY Change -30.35%
Total Long-Term Assets $1.203M $1.205M $2.000K
YoY Change 60050.0% -30.39%
TOTAL ASSETS
Total Short-Term Assets $6.537M $2.308M $3.384M
Total Long-Term Assets $1.203M $1.205M $2.000K
Total Assets $7.740M $3.513M $3.386M
YoY Change 128.59% -26.31% -96.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.879M $4.372M $3.022M
YoY Change 28.36% 126.88% 1411.0%
Accrued Expenses $1.544M $1.523M $1.531M
YoY Change 0.85% -32.16% 394.72%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $1.492M $4.744M $493.0K
YoY Change 202.64% 302.72% -79.96%
Total Short-Term Liabilities $9.648M $13.05M $8.036M
YoY Change 20.06% 143.85% 6.15%
LONG-TERM LIABILITIES
Long-Term Debt $2.565M $4.337M $5.750M
YoY Change -55.39% -43.31%
Other Long-Term Liabilities $490.0K
YoY Change 716.67%
Total Long-Term Liabilities $2.565M $4.337M $6.240M
YoY Change -58.89% -43.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.648M $13.05M $8.036M
Total Long-Term Liabilities $2.565M $4.337M $6.240M
Total Liabilities $12.21M $17.38M $14.27M
YoY Change -14.41% 33.69% 88.49%
SHAREHOLDERS EQUITY
Retained Earnings -$127.4M -$114.7M -$104.6M
YoY Change 21.81% 15.48%
Common Stock $8.000K $5.000K $1.000K
YoY Change 700.0% 400.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.473M -$13.87M -$10.88M
YoY Change
Total Liabilities & Shareholders Equity $7.740M $3.513M $3.386M
YoY Change 128.59% -26.31% -96.8%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q1
OPERATING ACTIVITIES
Net Income -$12.70M -$9.875M -$5.262M
YoY Change 141.3% -48.62% -255.4%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$3.488M -$4.485M -$2.294M
YoY Change 52.05% -15.38% 738.75%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.331M 4.588M 2.972M
YoY Change 180.32% -13.43% 858.71%
NET CHANGE
Cash From Operating Activities -3.488M -4.485M -2.294M
Cash From Investing Activities
Cash From Financing Activities 8.331M 4.588M 2.972M
Net Change In Cash 4.843M 103.0K 678.0K
YoY Change 614.31% 11059540787199900.0% 1757.69%
FREE CASH FLOW
Cash From Operating Activities -$3.488M -$4.485M -$2.294M
Capital Expenditures
Free Cash Flow
YoY Change

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0
CY2023 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
592000
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0
CY2023 icu Proceeds From Additional Warrants
ProceedsFromAdditionalWarrants
180000
CY2022 icu Proceeds From Additional Warrants
ProceedsFromAdditionalWarrants
0
CY2023 icu Payment Of Commitment Fee Equity Line Of Credit
PaymentOfCommitmentFeeEquityLineOfCredit
500000
CY2022 icu Payment Of Commitment Fee Equity Line Of Credit
PaymentOfCommitmentFeeEquityLineOfCredit
0
CY2023 icu Proceeds From Sale Of Recycled Shares
ProceedsFromSaleOfRecycledShares
1870000
CY2022 icu Proceeds From Sale Of Recycled Shares
ProceedsFromSaleOfRecycledShares
40000
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
800000
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1878000
CY2023 icu Payment Of Notes Payable
PaymentOfNotesPayable
4870000
CY2022 icu Payment Of Notes Payable
PaymentOfNotesPayable
15000
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
63000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10414000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7331000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
129000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-463000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
510000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
176000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47000
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
1000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
1126000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
6000
CY2023 icu Value Of Derivative Liability On Issuance Of Convertible Notes
ValueOfDerivativeLiabilityOnIssuanceOfConvertibleNotes
0
CY2022 icu Value Of Derivative Liability On Issuance Of Convertible Notes
ValueOfDerivativeLiabilityOnIssuanceOfConvertibleNotes
52000
CY2023 icu Noncashconversion Of Accrued Expenses Into Convertible Notes
NoncashconversionOfAccruedExpensesIntoConvertibleNotes
0
CY2022 icu Noncashconversion Of Accrued Expenses Into Convertible Notes
NoncashconversionOfAccruedExpensesIntoConvertibleNotes
96000
CY2023 icu Conversion Of Notes Payable To Common Stock
ConversionOfNotesPayableToCommonStock
0
CY2022 icu Conversion Of Notes Payable To Common Stock
ConversionOfNotesPayableToCommonStock
5989000
CY2023 icu Recapitalization Transaction Costs In Accounts Payable
RecapitalizationTransactionCostsInAccountsPayable
0
CY2022 icu Recapitalization Transaction Costs In Accounts Payable
RecapitalizationTransactionCostsInAccountsPayable
294000
CY2023 icu Recapitalization Transaction Cost In Notes Payable
RecapitalizationTransactionCostInNotesPayable
0
CY2022 icu Recapitalization Transaction Cost In Notes Payable
RecapitalizationTransactionCostInNotesPayable
2209000
CY2023 icu Shares Issued As Payment Of Convertible Notes
SharesIssuedAsPaymentOfConvertibleNotes
10411000
CY2022 icu Shares Issued As Payment Of Convertible Notes
SharesIssuedAsPaymentOfConvertibleNotes
0
CY2023 icu Shares Issued To Settle Forward Option Prepaid Forward Contracts
SharesIssuedToSettleForwardOptionPrepaidForwardContracts
1870000
CY2022 icu Shares Issued To Settle Forward Option Prepaid Forward Contracts
SharesIssuedToSettleForwardOptionPrepaidForwardContracts
0
CY2023 icu Issuance Of Convertible Note Warrant
IssuanceOfConvertibleNoteWarrant
2705000
CY2022 icu Issuance Of Convertible Note Warrant
IssuanceOfConvertibleNoteWarrant
0
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-114700000
CY2023Q4 us-gaap Cash
Cash
200000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of estimates. </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, assumptions and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the period. Significant estimates include the valuation of the liability classified warrants, prepaid forward purchase agreement derivative liability, provision for income taxes, convertible debt measured at fair value, and the amount of stock-based compensation expense. Although actual results could differ from those estimates, such estimates are developed based on the best information available to management and management's best judgments at the time.</span></p>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentrations of credit risk. </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash. Periodically, the Company may maintain deposits in financial institutions in excess of government insured limits. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company's financial condition, results of operations, and cash flows.</span></p>
CY2023 icu Minimum Threshold Percentage For Recognizing Benefit Of Uncertain Income Tax Position
MinimumThresholdPercentageForRecognizingBenefitOfUncertainIncomeTaxPosition
0.50
CY2023 icu Minimum Threshold Percentage Of Income Tax Benefit For Settlement With Tax Authority
MinimumThresholdPercentageOfIncomeTaxBenefitForSettlementWithTaxAuthority
0.50
CY2022Q4 us-gaap Cash
Cash
47000
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
12000
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1460000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
1519000
CY2022Q4 icu Prepaid Forward Contracts
PrepaidForwardContracts
0
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1311000
CY2022 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-4000
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1073000
CY2022Q4 us-gaap Other Assets
OtherAssets
1519000
CY2022Q4 us-gaap Assets
Assets
3038000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1927000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2245000
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
1178000
CY2022Q4 icu Forward Purchase Agreements Derivative Liability
ForwardPurchaseAgreementsDerivativeLiability
10211000
CY2022Q4 icu Liability Classified Warrants
LiabilityClassifiedWarrants
587000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
16148000
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
7652000
CY2022Q4 us-gaap Liabilities
Liabilities
23800000
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
1000
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
67739000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-88502000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-20762000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3038000
CY2022Q4 icu Forward Purchase Agreement To Purchase Remaining Unsold Shares Price Per Share
ForwardPurchaseAgreementToPurchaseRemainingUnsoldSharesPricePerShare
10.37
CY2022Q4 icu Forward Purchase Agreement To Unsold Shares Additional Cash Consideration In The Event Of Delisted
ForwardPurchaseAgreementToUnsoldSharesAdditionalCashConsiderationInTheEventOfDelisted
2.5
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2503000
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6916000
CY2022 icu Origination Cost Of Prepaid Forward Contracts
OriginationCostOfPrepaidForwardContracts
2190000
CY2022 us-gaap Operating Expenses
OperatingExpenses
11609000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-11609000
CY2022 us-gaap Other Income
OtherIncome
0
CY2022 us-gaap Interest Expense
InterestExpense
630000
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-10863000
CY2022 icu Change In Fair Value Of Notes Payable Derivative Liability
ChangeInFairValueOfNotesPayableDerivativeLiability
-602000
CY2022 icu Change In Fair Value Of Forward Purchase Agreement Derivative Liability
ChangeInFairValueOfForwardPurchaseAgreementDerivativeLiability
10211000
CY2022 icu Gain Loss On Sale Of Recycled Shares
GainLossOnSaleOfRecycledShares
0
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-580000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-12189000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000
CY2022 us-gaap Profit Loss
ProfitLoss
-12190000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.48
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.48
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8211256
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8211256
CY2022Q4 icu Forward Purchase Agreement To Purchase Remaining Unsold Shares Price Per Share
ForwardPurchaseAgreementToPurchaseRemainingUnsoldSharesPricePerShare
10.37
CY2022Q4 icu Forward Purchase Agreement To Unsold Shares Additional Cash Consideration In The Event Of Delisted
ForwardPurchaseAgreementToUnsoldSharesAdditionalCashConsiderationInTheEventOfDelisted
2.5
CY2022 us-gaap Profit Loss
ProfitLoss
-12190000
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
242000
CY2022 icu Non Cash Accrued Interest Added To Principal Of Convertible Notes
NonCashAccruedInterestAddedToPrincipalOfConvertibleNotes
-341000
CY2022 icu Increase Decrease In Notes Payable
IncreaseDecreaseInNotesPayable
602000
CY2022 icu Change In Fair Value Of Forward Purchase Agreement Settlement Derivative Liability
ChangeInFairValueOfForwardPurchaseAgreementSettlementDerivativeLiability
10211000
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-10863000
CY2022 icu Gain Loss On Sale Of Recycled Shares
GainLossOnSaleOfRecycledShares
0
CY2023Q4 icu Forward Purchase Agreement To Purchase Remaining Unsold Shares Price Per Share
ForwardPurchaseAgreementToPurchaseRemainingUnsoldSharesPricePerShare
10.37
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1548000
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2073000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7794000
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1681000
CY2022 icu Proceeds From Recapitalization
ProceedsFromRecapitalization
9961000
CY2022 icu Payment Of Recapitalization Transaction Costs
PaymentOfRecapitalizationTransactionCosts
1211000
CY2022 icu Proceeds From Private Investment In Public Equity Investors
ProceedsFromPrivateInvestmentInPublicEquityInvestors
7000000
CY2022 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
11940000
CY2022 icu Proceeds From Sale Of Recycled Shares
ProceedsFromSaleOfRecycledShares
40000
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1878000
CY2022 icu Payment Of Notes Payable
PaymentOfNotesPayable
15000
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
63000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7331000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-463000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
510000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47000
CY2022Q4 icu Forward Purchase Agreement To Purchase Remaining Unsold Shares Price Per Share
ForwardPurchaseAgreementToPurchaseRemainingUnsoldSharesPricePerShare
10.37
CY2022Q4 icu Forward Purchase Agreement To Unsold Shares Additional Cash Consideration In The Event Of Delisted
ForwardPurchaseAgreementToUnsoldSharesAdditionalCashConsiderationInTheEventOfDelisted
2.5
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-2816000
CY2022Q4 icu Stock Issued During Period Value Reverse Recapitalization
StockIssuedDuringPeriodValueReverseRecapitalization
3294000
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
5989000
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5744000
CY2022 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
10194000
CY2022 icu Adjustments To Additional Paid In Capital Prepaid Forward Purchase Agreement
AdjustmentsToAdditionalPaidInCapitalPrepaidForwardPurchaseAgreement
11900000
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1311000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-12190000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-20762000
CY2022Q4 icu Forward Purchase Agreements Derivative Liability
ForwardPurchaseAgreementsDerivativeLiability
5200000
CY2022Q4 icu Additional Forward Purchase Agreement Liabilities
AdditionalForwardPurchaseAgreementLiabilities
5000000
CY2023 icu Additional Loss In Forward Purchase Agreements Due To Change In Stock Price
AdditionalLossInForwardPurchaseAgreementsDueToChangeInStockPrice
2300000
CY2023Q1 icu Gain Loss On Settlement Of Forward Purchase Agreements
GainLossOnSettlementOfForwardPurchaseAgreements
1000000
CY2023Q1 icu Reclassified Equity Value As A Result Settlement Of Forward Purchase Agreements
ReclassifiedEquityValueAsAResultSettlementOfForwardPurchaseAgreements
11500000
CY2023Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
501000
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
450000
CY2023Q4 icu Accrued Director Compensation Current
AccruedDirectorCompensationCurrent
427000
CY2022Q4 icu Accrued Director Compensation Current
AccruedDirectorCompensationCurrent
61000
CY2023Q4 icu Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
507000
CY2022Q4 icu Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
0
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
43000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
0
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
19000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
112000
CY2023Q4 icu Accrued Commitment Fee Equity Line Of Credit
AccruedCommitmentFeeEquityLineOfCredit
0
CY2022Q4 icu Accrued Commitment Fee Equity Line Of Credit
AccruedCommitmentFeeEquityLineOfCredit
1500000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
122000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1523000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2245000
CY2023 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
500000
CY2023Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
95300000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
52000
CY2023Q4 us-gaap Notes Payable
NotesPayable
4708000
CY2022Q4 us-gaap Notes Payable
NotesPayable
8830000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
565000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1178000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4143000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
7652000
CY2023Q4 icu Future Maturities Of Principal Repayment Of Convertible Notes Next Twelve Months
FutureMaturitiesOfPrincipalRepaymentOfConvertibleNotesNextTwelveMonths
565000
CY2023Q4 icu Future Maturities Of Principal Repayment Of Convertible Notes Year Two
FutureMaturitiesOfPrincipalRepaymentOfConvertibleNotesYearTwo
4143000
CY2023Q4 icu Future Maturities Of Principal Repayment Of Convertible Notes Due
FutureMaturitiesOfPrincipalRepaymentOfConvertibleNotesDue
4708000
CY2020Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
100000
CY2020Q2 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
3000
CY2020Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0375
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
23205203
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
16857714
CY2023Q1 icu Issuance Of Convertible Notes
IssuanceOfConvertibleNotes
2900000
CY2022Q4 icu Shares Authorized
SharesAuthorized
110000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2023 us-gaap Common Stock Voting Rights
CommonStockVotingRights
Holders of common stock are entitled to one voter per share on matters to be voted on by stockholders.
CY2022Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0
CY2023Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
32000
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
32000
CY2023Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
200000
CY2022Q4 icu Trading Days
TradingDays
30
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0326
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0441
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.0065
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
-0.0002
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.0026
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.002
CY2023 icu Effective Income Tax Rate Reconciliation Interest On Convertible Notes
EffectiveIncomeTaxRateReconciliationInterestOnConvertibleNotes
-0.0087
CY2022 icu Effective Income Tax Rate Reconciliation Interest On Convertible Notes
EffectiveIncomeTaxRateReconciliationInterestOnConvertibleNotes
-0.0107
CY2023 icu Effective Income Tax Rate Reconciliation Unrealized Gains And Losses Net For Liability Classified Derivatives Percent
EffectiveIncomeTaxRateReconciliationUnrealizedGainsAndLossesNetForLiabilityClassifiedDerivativesPercent
-0.0611
CY2022 icu Effective Income Tax Rate Reconciliation Unrealized Gains And Losses Net For Liability Classified Derivatives Percent
EffectiveIncomeTaxRateReconciliationUnrealizedGainsAndLossesNetForLiabilityClassifiedDerivativesPercent
0.001
CY2023 icu Effective Income Tax Rate Reconciliation Fair Value Adjustment Of Convertible Notes And Related Warrants
EffectiveIncomeTaxRateReconciliationFairValueAdjustmentOfConvertibleNotesAndRelatedWarrants
-0.0393
CY2022 icu Effective Income Tax Rate Reconciliation Fair Value Adjustment Of Convertible Notes And Related Warrants
EffectiveIncomeTaxRateReconciliationFairValueAdjustmentOfConvertibleNotesAndRelatedWarrants
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0455
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.0002
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.0056
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.1827
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.2478
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
21911000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
18627000
CY2023Q4 icu Finance Charges And Origination Fees
FinanceChargesAndOriginationFees
602000
CY2022Q4 icu Finance Charges And Origination Fees
FinanceChargesAndOriginationFees
1028000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
232000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
130000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
83000
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icu Gain Loss On Sale Of Recycled Shares
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ShareBasedCompensation
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us-gaap Increase Decrease In Other Receivables
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2428000
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us-gaap Net Cash Provided By Used In Operating Activities
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icu Payment Of Commitment Fee Equity Line Of Credit
PaymentOfCommitmentFeeEquityLineOfCredit
500000
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ProceedsFromSaleOfRecycledShares
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ProceedsFromNotesPayable
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icu Payment Of Notes Payable
PaymentOfNotesPayable
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Profit Loss
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icu Amortization Of Deferred Financing Costs
AmortizationOfDeferredFinancingCosts
37000
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
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icu Increase Decrease In Fair Value Of Forward Purchase Agreement Derivative Liability
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icu Gain Loss On Sale Of Recycled Shares
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icu Payment Of Commitment Fee Equity Line Of Credit
PaymentOfCommitmentFeeEquityLineOfCredit
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icu Proceeds From Sale Of Recycled Shares
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 icu Stock Issued During Period Value Equity Line Of Credit
StockIssuedDuringPeriodValueEquityLineOfCredit
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CY2023Q1 icu Stock Issued During Period Value Commitment Fee For Equity Line
StockIssuedDuringPeriodValueCommitmentFeeForEquityLine
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CY2023Q1 icu Stock Issued During Period Value Prepaid Forward Contracts
StockIssuedDuringPeriodValuePrepaidForwardContracts
1870000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
505000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 icu Stock Issued During Period Value Equity Line Of Credit
StockIssuedDuringPeriodValueEquityLineOfCredit
55000
CY2023Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2023Q2 icu Stock Issued During Period Value Prepaid Forward Contracts
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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NetIncomeLoss
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StockholdersEquity
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NetIncomeLoss
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StockholdersEquity
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