2022 Q4 Form 10-K Financial Statement

#000149315222036487 Filed on December 23, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022
Revenue $1.136M $600.8K $3.109M
YoY Change 11.49% 23.99% 61.38%
Cost Of Revenue $1.061M $643.9K $3.220M
YoY Change 5.67% -1.53% 60.44%
Gross Profit $75.53K -$43.11K -$110.4K
YoY Change 391.42% -74.54% 37.86%
Gross Profit Margin 6.65% -7.18% -3.55%
Selling, General & Admin $91.12K $10.62M
YoY Change 465.59%
% of Gross Profit 120.64%
Research & Development $633.00
YoY Change -65.6%
% of Gross Profit
Depreciation & Amortization $73.81K $84.29K $379.5K
YoY Change 101.05% -6.07% 10.1%
% of Gross Profit 97.71%
Operating Expenses $2.277M $2.063M $11.29M
YoY Change -19.0% -38.19% -36.27%
Operating Profit -$2.202M -$2.106M -$11.40M
YoY Change -21.25% -39.95% -35.94%
Interest Expense $3.520K -$900.00 $6.324K
YoY Change -194.62% -86.99% -128.38%
% of Operating Profit
Other Income/Expense, Net $14.95K -$354.1K $574.7K
YoY Change -420.13% -3609.22% 424.27%
Pretax Income -$2.183M -$3.136M -$11.80M
YoY Change -22.14% -10.49% -36.41%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.183M -$3.136M -$11.80M
YoY Change -22.15% -10.49% -36.41%
Net Earnings / Revenue -192.12% -521.94% -379.45%
Basic Earnings Per Share -$3.23 -$0.61
Diluted Earnings Per Share -$3.23 -$4.980M -$21.32M
COMMON SHARES
Basic Shares Outstanding 23.67M shares 23.67M shares 19.37M shares
Diluted Shares Outstanding 676.4K shares 553.3K shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.492M $8.315M $8.315M
YoY Change -40.81% -23.12% -23.12%
Cash & Equivalents $6.492M $8.315M
Short-Term Investments
Other Short-Term Assets $376.3K $547.8K $547.8K
YoY Change -44.09% 17.98% 17.98%
Inventory $1.090M $948.0K $948.0K
Prepaid Expenses
Receivables $653.9K $345.3K $345.3K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.612M $10.16M $10.16M
YoY Change -32.82% -18.27% -18.16%
LONG-TERM ASSETS
Property, Plant & Equipment $475.3K $525.1K $1.168M
YoY Change -59.81% -22.1% 8.26%
Goodwill
YoY Change
Intangibles $132.5K $140.0K
YoY Change
Long-Term Investments $167.8K $169.6K $169.6K
YoY Change -3.71% -3.31% -3.31%
Other Assets $91.98K $77.96K $77.96K
YoY Change 15.57% -2.33% -2.33%
Total Long-Term Assets $1.437M $1.555M $1.555M
YoY Change 0.05% 18.2% 16.6%
TOTAL ASSETS
Total Short-Term Assets $8.612M $10.16M $10.16M
Total Long-Term Assets $1.437M $1.555M $1.555M
Total Assets $10.05M $11.71M $11.71M
YoY Change -29.51% -14.78% -14.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $462.7K $113.7K $113.7K
YoY Change -32.12% -66.83% -66.83%
Accrued Expenses $624.3K $706.5K $1.095M
YoY Change 86.57% 157.84% 157.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $36.73K $32.47K $32.47K
YoY Change -39.13% -54.56% -54.56%
Total Short-Term Liabilities $1.830M $1.600M $1.600M
YoY Change 22.1% 38.69% 38.69%
LONG-TERM LIABILITIES
Long-Term Debt $21.24K $34.37K $34.37K
YoY Change -61.07% -45.67% -45.67%
Other Long-Term Liabilities $77.34K $66.48K $334.3K
YoY Change -81.43% 1.04% 6.64%
Total Long-Term Liabilities $283.9K $368.6K $368.6K
YoY Change -39.73% -2.15% -2.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.830M $1.600M $1.600M
Total Long-Term Liabilities $283.9K $368.6K $368.6K
Total Liabilities $2.114M $1.969M $1.969M
YoY Change 7.31% 28.64% 28.64%
SHAREHOLDERS EQUITY
Retained Earnings -$66.81M -$64.62M
YoY Change 22.33%
Common Stock $74.54M $74.28M
YoY Change 14.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.935M $9.743M $9.743M
YoY Change
Total Liabilities & Shareholders Equity $10.05M $11.71M $11.71M
YoY Change -29.51% -14.78% -14.78%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022
OPERATING ACTIVITIES
Net Income -$2.183M -$3.136M -$11.80M
YoY Change -22.15% -10.49% -36.41%
Depreciation, Depletion And Amortization $73.81K $84.29K $379.5K
YoY Change 101.05% -6.07% 10.1%
Cash From Operating Activities -$1.913M -$1.785M -$7.462M
YoY Change 21.12% -6.19% 4.99%
INVESTING ACTIVITIES
Capital Expenditures $16.51K $22.75K $191.8K
YoY Change -648.64% -12.8% -266.23%
Acquisitions $413.1K
YoY Change
Other Investing Activities $0.00 -$413.1K
YoY Change
Cash From Investing Activities -$16.51K $22.76K -$604.8K
YoY Change 448.64% -12.76% 424.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $95.26K
YoY Change -99.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$8.857K 2.648M $5.680M
YoY Change -100.52% -12215.0% -58.33%
NET CHANGE
Cash From Operating Activities -$1.913M -1.785M -$7.462M
Cash From Investing Activities -$16.51K 22.76K -$604.8K
Cash From Financing Activities -$8.857K 2.648M $5.680M
Net Change In Cash -$1.823M 886.3K -$2.501M
YoY Change -1639.11% -146.69% -139.02%
FREE CASH FLOW
Cash From Operating Activities -$1.913M -$1.785M -$7.462M
Capital Expenditures $16.51K $22.75K $191.8K
Free Cash Flow -$1.930M -$1.808M -$7.654M
YoY Change 22.4% -6.28% 9.47%

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CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.61
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.13
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19366276 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
-11797712 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-18552030 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-113929 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
7662 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-113929 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7662 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11911641 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-18544368 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
12212447 usd
CY2022 NUZE Stock Issued During Period Value Stock Warrants Exercised
StockIssuedDuringPeriodValueStockWarrantsExercised
1702596 usd
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
95256 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1649736 usd
CY2022 NUZE Stock Issued During Period Value Cash Registered Offering Net Of Issuance Costs
StockIssuedDuringPeriodValueCashRegisteredOfferingNetOfIssuanceCosts
2520868 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
426844 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2899338 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
12600 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
134755 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-113929 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-11797712 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
9742799 usd
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
6389758 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
13701284 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1251402 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
9405191 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
9180 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7662 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7662 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-18552030 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
12212447 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-11797712 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-18552030 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
379474 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
344669 usd
CY2022 us-gaap Other Noncash Expense
OtherNoncashExpense
302334 usd
CY2021 us-gaap Other Noncash Expense
OtherNoncashExpense
278060 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-12618 usd
CY2022 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2899338 usd
CY2021 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
9405191 usd
CY2022 us-gaap Restricted Stock Expense
RestrictedStockExpense
134755 usd
CY2021 NUZE Common Stock Issued For Compensation
CommonStockIssuedForCompensation
1251402 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
34351 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
-5791 usd
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
-7889 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
675134 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
840391 usd
CY2022 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
368783 usd
CY2021 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
477605 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-175629 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
359628 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
364867 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
328094 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
65485 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
283655 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1860 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-737 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-229845 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
293012 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
143885 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
141822 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-300847 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-260804 usd
CY2022 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
162001 usd
CY2021 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-407817 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
682 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
44095 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7462121 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7107155 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
191765 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
115361 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
413069 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-604834 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-115361 usd
CY2021 NUZE Proceeds From Issuance Of Equity Securities Net Of Issuance Costs
ProceedsFromIssuanceOfEquitySecuritiesNetOfIssuanceCosts
13701284 usd
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
43622 usd
CY2021 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
56603 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
95256 usd
CY2022 NUZE Proceeds From Issuance Of Common Stock Exercise Of Warrants Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockExerciseOfWarrantsNetOfIssuanceCosts
1702596 usd
CY2022 NUZE Proceeds From Issuance Of Equity Securities Exempt Offering Net Of Issuance Costs
ProceedsFromIssuanceOfEquitySecuritiesExemptOfferingNetOfIssuanceCosts
1649736 usd
CY2022 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
2656460 usd
CY2022 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
24260 usd
CY2021 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
21598 usd
CY2022 NUZE Proceeds From Cash Paid For Offering Costs
ProceedsFromCashPaidForOfferingCosts
-368783 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12600 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9180 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5679983 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13632263 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-113929 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7662 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2500901 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6417409 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10815954 usd
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4398545 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8315053 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10815954 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
9811 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
2871 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
800 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
800 usd
CY2022 us-gaap Stock Issued1
StockIssued1
426844 usd
CY2022 NUZE Stock Issuance Cost Accrued
StockIssuanceCostAccrued
135592 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
558371 usd
CY2022 NUZE Recalssification From Operating Expenses To Other Expenses
RecalssificationFromOperatingExpensesToOtherExpenses
477605 usd
CY2021 NUZE Recalssification From Operating Expenses To Other Expenses
RecalssificationFromOperatingExpensesToOtherExpenses
160489 usd
CY2021Q3 NUZE Recalssification From Capitalized Software Costs To Other Assets
RecalssificationFromCapitalizedSoftwareCostsToOtherAssets
18000 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9307921 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9343606 shares
CY2022Q3 us-gaap Cash
Cash
8315053 usd
CY2022Q3 NUZE Working Capital
WorkingCapital
8556141 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
349890 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
250523 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
67310 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_zIzT6jgT3eE" 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"><i><span id="xdx_868_zY4XXn0v2Koi">Use of Estimates</span></i></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"> </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">In preparing these consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</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"> </span></p>
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
7662 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1702596 usd
CY2022Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2021Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_zRRIEbw39uwi" 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"><i><span id="xdx_86C_zIuiG6FnqlLe">Concentration of Credit Risk</span></i></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"> </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">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company places its cash with high quality banking institutions. From time to time, the Company may or may not maintain cash balances at certain institutions in excess of the Federal Deposit Insurance Corporation limit.</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"><i> </i></span></p>
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
667723 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11612 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
656111 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
388325 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
267786 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6862 usd
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M12D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050 pure
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
386587 usd
CY2022 NUZE Addition For Right Of Use Of Assets
AdditionForRightOfUseOfAssets
558371 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
302334 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
642624 usd
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
398587 usd
CY2022 NUZE Addition For Lease Liability
AdditionForLeaseLiability
558371 usd
CY2022 NUZE Operating Lease Lease Liability Amortization Expense
OperatingLeaseLeaseLiabilityAmortizationExpense
300847 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
656111 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
388325 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
267786 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
656111 usd
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2022Q3 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.1275 pure
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8853 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
33113 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
27594 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
60707 usd
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
6567 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
54140 usd
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
24518 usd
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
29622 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
320813 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
162096 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
373968 usd
CY2022 NUZE Finance Leases Payment
FinanceLeasesPayment
7594 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
24260 usd
CY2022 us-gaap Lease Income
LeaseIncome
185139 usd
CY2022Q3 NUZE Sub Lease Liability Payments Due Next Twelve Months
SubLeaseLiabilityPaymentsDueNextTwelveMonths
126971 usd
CY2022Q3 NUZE Sublease Liability Payments Due Year Two
SubleaseLiabilityPaymentsDueYearTwo
97377 usd
CY2022Q3 NUZE Minimum Lease Payments To Be Received Sublease
MinimumLeasePaymentsToBeReceivedSublease
224348 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-113929 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
192316 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
227845 usd
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
482288 usd
CY2021Q3 us-gaap Public Utilities Property Plant And Equipment Vehicles
PublicUtilitiesPropertyPlantAndEquipmentVehicles
76267 usd
CY2022Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
62122 usd
CY2021Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
122698 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1540953 usd
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1319909 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
525075 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
633 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1840 usd
CY2022 NUZE Share Based Compensation Arrangement By Share Based Payment Award Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardTerms
P10Y
CY2021 NUZE Share Based Compensation Arrangement By Share Based Payment Award Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardTerms
P10Y
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
14000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
563016 shares
CY2022 us-gaap Other Expenses
OtherExpenses
574710 usd
CY2021 us-gaap Other Expenses
OtherExpenses
672929 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
547773 usd
CY2021Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
482288 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
547773 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
947995 usd
CY2021Q3 us-gaap Inventory Net
InventoryNet
573464 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4511691 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.73
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
887632 usd
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
552621 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
60363 usd
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
20843 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
947995 usd
CY2021Q3 us-gaap Inventory Net
InventoryNet
573464 usd
CY2022 us-gaap Depreciation
Depreciation
333196 usd
CY2021 us-gaap Depreciation
Depreciation
344699 usd
CY2022 NUZE Property And Equipment Description
PropertyAndEquipmentDescription
Expenditures associated with upgrades and enhancements that improve, add functionality, or otherwise extend the life of property and equipment that exceed $1,000 are capitalized
CY2022Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1930898 usd
CY2021Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1794968 usd
CY2022Q3 us-gaap Public Utilities Property Plant And Equipment Vehicles
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
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CY2022 us-gaap Loss Contingency Disclosures
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<p id="xdx_800_eus-gaap--LossContingencyDisclosures_za4UFImSXgKf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>11. <span id="xdx_827_zTXDdZP1qP54">CONTINGENCIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">From time to time, we may be subject to legal proceedings and claims in the ordinary course of business. The results of any future litigation cannot be predicted with certainty, and, regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources, and other factors. Matters that are probable of unfavorable outcomes to us and which can be reasonably estimated are accrued. Such accruals are based on information known about the matters, our estimates of the outcomes of such matters and our experience in contesting, litigating and settling similar matters.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>

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