2024 Q2 Form 10-Q Financial Statement

#000165495424005891 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $7.687M $6.962M $8.619M
YoY Change -20.35% -19.22% 62.99%
Cost Of Revenue $1.785M $1.721M $1.829M
YoY Change -23.59% -5.9% 48.46%
Gross Profit $5.902M $5.241M $6.790M
YoY Change -19.32% -22.81% 67.41%
Gross Profit Margin 76.78% 75.28% 78.78%
Selling, General & Admin $4.134M $3.915M $4.713M
YoY Change -4.15% -16.93% 59.93%
% of Gross Profit 70.04% 74.7% 69.41%
Research & Development $719.0K $654.0K $774.0K
YoY Change 35.15% -15.5% 181.45%
% of Gross Profit 12.18% 12.48% 11.4%
Depreciation & Amortization $770.0K $770.0K $736.0K
YoY Change 4.62% 4.62% 354.32%
% of Gross Profit 13.05% 14.69% 10.84%
Operating Expenses $5.568M $5.293M $6.209M
YoY Change 0.0% -14.75% 84.35%
Operating Profit $334.0K -$52.00K $581.0K
YoY Change -80.88% -108.95% -15.55%
Interest Expense -$294.0K $4.000K -$238.0K
YoY Change 4.63% -101.68% -12000.0%
% of Operating Profit -88.02% -40.96%
Other Income/Expense, Net $14.00K $205.0K $535.0K
YoY Change -96.31% -61.68%
Pretax Income $54.00K -$123.0K -$192.0K
YoY Change -97.07% -35.94% -127.83%
Income Tax $47.00K $16.00K -$48.00K
% Of Pretax Income 87.04%
Net Earnings $7.000K -$139.0K -$144.0K
YoY Change -99.49% -3.47% -127.91%
Net Earnings / Revenue 0.09% -2.0% -1.67%
Basic Earnings Per Share $0.00 -$0.04 -$0.04
Diluted Earnings Per Share $0.00 -$0.04 -$0.04
COMMON SHARES
Basic Shares Outstanding 3.817M shares 3.815M shares 3.791M shares
Diluted Shares Outstanding 3.823M shares 3.821K shares 3.810M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.020M $5.399M $3.349M
YoY Change -18.97% 61.21% -86.2%
Cash & Equivalents $4.020M $5.399M $3.349M
Short-Term Investments
Other Short-Term Assets $1.331M $1.286M $1.416M
YoY Change -16.66% -9.18% 61.09%
Inventory
Prepaid Expenses
Receivables $4.686M $4.201M $3.546M
Other Receivables $202.0K $213.0K $139.0K
Total Short-Term Assets $10.24M $11.10M $8.450M
YoY Change -5.8% 31.35% -70.96%
LONG-TERM ASSETS
Property, Plant & Equipment $435.0K $472.0K $594.0K
YoY Change -22.74% -20.54% -14.66%
Goodwill $21.93M $21.93M $16.12M
YoY Change -2.54% 36.01% 152.85%
Intangibles $28.13M $28.81M $59.05M
YoY Change -8.86% -51.22% 2424.37%
Long-Term Investments
YoY Change
Other Assets $344.0K $355.0K $176.0K
YoY Change -13.35% 101.7% 112.05%
Total Long-Term Assets $52.58M $53.27M $56.15M
YoY Change -5.67% -5.12% 403.67%
TOTAL ASSETS
Total Short-Term Assets $10.24M $11.10M $8.450M
Total Long-Term Assets $52.58M $53.27M $56.15M
Total Assets $62.82M $64.37M $64.60M
YoY Change -5.69% -0.35% 60.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.077M $1.598M $1.560M
YoY Change -16.25% 2.44% 83.53%
Accrued Expenses $1.983M $2.033M $2.344M
YoY Change -16.47% -13.27% 30.88%
Deferred Revenue
YoY Change
Short-Term Debt $4.000M $4.000M $1.000M
YoY Change 100.0% 300.0%
Long-Term Debt Due $4.000M $4.000M
YoY Change
Total Short-Term Liabilities $12.56M $13.22M $10.24M
YoY Change 3.93% 29.05% 61.92%
LONG-TERM LIABILITIES
Long-Term Debt $13.92M $14.92M $18.92M
YoY Change -22.24% -21.16%
Other Long-Term Liabilities $0.00 $0.00 $165.0K
YoY Change -100.0% -100.0% -89.56%
Total Long-Term Liabilities $13.92M $14.92M $19.09M
YoY Change -22.24% -21.84% 1107.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.56M $13.22M $10.24M
Total Long-Term Liabilities $13.92M $14.92M $19.09M
Total Liabilities $27.38M $29.19M $31.18M
YoY Change -12.9% -6.39% 287.59%
SHAREHOLDERS EQUITY
Retained Earnings $11.80M $11.80M $11.02M
YoY Change -4.72% 6.99% 13.07%
Common Stock $4.000K $4.000K $4.000K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $35.44M $35.18M $33.42M
YoY Change
Total Liabilities & Shareholders Equity $62.82M $64.37M $64.60M
YoY Change -5.69% -0.35% 60.5%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $7.000K -$139.0K -$144.0K
YoY Change -99.49% -3.47% -127.91%
Depreciation, Depletion And Amortization $770.0K $770.0K $736.0K
YoY Change 4.62% 4.62% 354.32%
Cash From Operating Activities -$190.0K $986.0K $272.0K
YoY Change -110.98% 262.5% -50.36%
INVESTING ACTIVITIES
Capital Expenditures $155.0K $16.00K $5.000K
YoY Change -10.4% 220.0% -123.81%
Acquisitions $0.00 -$350.0K
YoY Change -100.0%
Other Investing Activities $0.00 $0.00 $350.0K
YoY Change -100.0%
Cash From Investing Activities -$155.0K -$261.0K $345.0K
YoY Change -10.4% -175.65% -1742.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.000M $22.00M
YoY Change -95.45%
Cash From Financing Activities -1.000M -$1.000M -$2.100M
YoY Change -52.38% 1593.55%
NET CHANGE
Cash From Operating Activities -190.0K $986.0K $272.0K
Cash From Investing Activities -155.0K -$261.0K $345.0K
Cash From Financing Activities -1.000M -$1.000M -$2.100M
Net Change In Cash -1.345M -$275.0K -$1.483M
YoY Change -186.33% -81.46% -370.62%
FREE CASH FLOW
Cash From Operating Activities -$190.0K $986.0K $272.0K
Capital Expenditures $155.0K $16.00K $5.000K
Free Cash Flow -$345.0K $970.0K $267.0K
YoY Change -122.14% 263.3% -53.08%

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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
337000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-144000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
33417000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
35420000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-67000 usd
CY2024Q1 isdr Exercise Of Stock Awards Net Of Tax Amount
ExerciseOfStockAwardsNetOfTaxAmount
0 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-34000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-139000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
35180000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-139000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-144000 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
770000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
736000 usd
CY2024Q1 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
282000 usd
CY2023Q1 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
151000 usd
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7000 usd
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
26000 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
-67000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
337000 usd
CY2024Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
4000 usd
CY2023Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
0 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-126000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-719000 usd
CY2024Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-208000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-250000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
290000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
186000 usd
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
0 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
187000 usd
CY2024Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
187000 usd
CY2023Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-238000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
986000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
272000 usd
CY2024Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
350000 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5000 usd
CY2024Q1 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
245000 usd
CY2023Q1 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
0 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-261000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
345000 usd
CY2024Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1000000 usd
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
22000000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
19968000 usd
CY2024Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
68000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1000000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2100000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-275000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1483000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5714000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4832000 usd
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-40000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5399000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3349000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
304000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
510000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
858000 usd
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
65750 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
74250 shares
CY2024Q1 us-gaap Deferred Revenue
DeferredRevenue
5584000 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
5412000 usd
CY2024Q1 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
2793000 usd
CY2023Q1 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
2557000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
4201000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
4368000 usd
CY2024Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
142000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
130000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1119000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
745000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1144000 usd
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">Financial instruments and related items which potentially subject the Company to concentrations of credit risk consist primarily of cash, cash equivalents and accounts receivables. The Company places its cash and temporary cash investments with credit quality institutions. Such cash balances are currently in excess of the FDIC insurance limit of $250,000. To reduce its risk associated with the failure of such financial institutions, each quarter the Company evaluates the rating of each financial institution in which it holds deposits. As of March 31, 2024, the total amount exceeding such limit was $62,000. The Company also had cash-on-hand of $62,000 in Europe and $1,095,000 in Canada as of March 31, 2024.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">The Company believes it did not have any financial instruments that could have potentially subjected us to significant concentrations of credit risk for any relevant period.</p>
CY2024Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q1 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
62000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the allowance for doubtful accounts and the valuation of goodwill, intangible assets, deferred tax assets, and stock-based compensation. Actual results could differ from those estimates.</p>
CY2024Q1 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
245000 usd
CY2023Q1 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
0 usd
CY2024Q1 isdr Amortization Included In Cost Of Revenues
AmortizationIncludedInCostOfRevenues
46000 usd
CY2023Q1 isdr Amortization Included In Cost Of Revenues
AmortizationIncludedInCostOfRevenues
15000 usd
CY2024Q1 isdr Finite Lived Intangible Assets Amortization Period Useful Life
FiniteLivedIntangibleAssetsAmortizationPeriodUsefulLife
P15Y
CY2024Q1 us-gaap Advertising Expense
AdvertisingExpense
439000 usd
CY2023Q1 us-gaap Advertising Expense
AdvertisingExpense
462000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
90076 shares
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
331000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
26500 shares
CY2024Q1 isdr Vested Number Of Year Restricted Stock
VestedNumberOfYearRestrictedStock
P3Y
CY2024Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
14.86
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
60500 shares
CY2023Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
27.82
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
2167 shares
CY2024Q1 isdr Share Based Compensation Arrangements By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageIntrinsicValue
28.24
CY2024Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
16000 usd
CY2023Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
48000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1306000 usd
CY2024Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
76000 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
76000 usd
CY2024Q1 us-gaap Variable Lease Cost
VariableLeaseCost
14000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
6000 usd
CY2024Q1 us-gaap Lease Cost
LeaseCost
90000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
82000 usd
CY2024Q1 isdr Weighted Average Non Cancelable Lease Term
WeightedAverageNonCancelableLeaseTerm
P3Y9M
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
285000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
390000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
401000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
412000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
1488000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
182000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1306000 usd
CY2024Q1 us-gaap Revenues
Revenues
6962000 usd
CY2024Q1 isdr Concentration Risks Percentage1
ConcentrationRisksPercentage1
1 pure
CY2023Q1 us-gaap Revenues
Revenues
8619000 usd
CY2023Q1 isdr Concentration Risks Percentage1
ConcentrationRisksPercentage1
1 pure
CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
25000000 usd
CY2023Q1 isdr Description Of Credit Agreement
DescriptionOfCreditAgreement
(i) term loan facility in an aggregate principal amount of $20 million (the “Term Loan”), and (ii) revolving line of credit in an up to aggregate principal amount of $5 million (the “Revolving LOC”), subject to an 85% limit based on the current eligible accounts receivable (as defined in the Credit Agreement)
CY2024Q1 isdr Interest Rate Swap Agreement
InterestRateSwapAgreement
20000000 usd
CY2024Q1 isdr Interest Rate Swap Agreemenrdescription
InterestRateSwapAgreemenrdescription
the Company pays a fixed rate of interest at 6.217% and receives an average variable rate of SOFR + 2.35% adjusted monthly
CY2024Q1 us-gaap Long Term Debt Weighted Average Interest Rate Over Time
LongTermDebtWeightedAverageInterestRateOverTime
0.0767 pure
CY2024Q1 isdr Other Long Term Assets
OtherLongTermAssets
184000 usd
CY2024Q1 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
21000 usd
CY2024Q1 us-gaap Other Income
OtherIncome
205000 usd
CY2023Q1 us-gaap Other Income
OtherIncome
165000 usd

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