2024 Q2 Form 10-Q Financial Statement
#000165495424005891 Filed on May 09, 2024
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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the per annum interest rate of the Term Loan is variable based on the one-month secured overnight financing rate (“SOFR”) plus 2.35%, subject to a minimum SOFR of 2.00%. However, the Term Loan issued on the Closing Date has a per annum interest rate of 6.217%, which was fixed with respect to the entire principal amount as a result of an interest rate swap agreement entered into between the Company and Pinnacle on the Closing Date in accordance with the terms of the Credit Agreement | |
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23531000 | usd |
CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-83000 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-49000 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
11795000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
11934000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
35180000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
35420000 | usd |
CY2024Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
64371000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
65152000 | usd |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
6962000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
8619000 | usd |
CY2024Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
1721000 | usd |
CY2023Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
1829000 | usd |
CY2024Q1 | us-gaap |
Gross Profit
GrossProfit
|
5241000 | usd |
CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
6790000 | usd |
CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1819000 | usd |
CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2332000 | usd |
CY2024Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2096000 | usd |
CY2023Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2381000 | usd |
CY2024Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
654000 | usd |
CY2023Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
774000 | usd |
CY2024Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
724000 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
722000 | usd |
CY2024Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
5293000 | usd |
CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
6209000 | usd |
CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-52000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
581000 | usd |
CY2024Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-276000 | usd |
CY2023Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-238000 | usd |
CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
205000 | usd |
CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-535000 | usd |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-123000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-192000 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
16000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-48000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-139000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-144000 | usd |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3816 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3791 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3821 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3810 | shares |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-139000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-144000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-34000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-173000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-143000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33223000 | usd |
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 |