$ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC

2021 Q3 Form 10-Q Financial Statement

#000110465921105061 Filed on August 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $6.873M $6.180M $5.954M
YoY Change 9.1% 3.8% 29.71%
Cost Of Revenue $2.915M $2.826M $2.559M
YoY Change 4.85% 10.42% 24.22%
Gross Profit $3.958M $3.355M $3.395M
YoY Change 12.77% -1.18% 34.18%
Gross Profit Margin 57.59% 54.28% 57.02%
Selling, General & Admin $1.410M $1.512M $1.279M
YoY Change -11.3% 18.19% -9.9%
% of Gross Profit 35.63% 45.08% 37.69%
Research & Development $686.2K $646.8K $870.8K
YoY Change -3.36% -25.72% 20.95%
% of Gross Profit 17.33% 19.28% 25.65%
Depreciation & Amortization $97.93K $90.06K $92.33K
YoY Change -24.67% -2.46% -16.06%
% of Gross Profit 2.47% 2.68% 2.72%
Operating Expenses $2.097M $2.159M $2.150M
YoY Change -8.85% 0.4% 0.48%
Operating Profit $1.862M $1.196M $1.244M
YoY Change 53.87% -3.93% 219.09%
Interest Expense $100.00 $110.00 $10.00K
YoY Change -98.9% -90.0%
% of Operating Profit 0.01% 0.01% 0.8%
Other Income/Expense, Net $23.91K $17.23K $16.26K
YoY Change 19.55% 5.97% -18.7%
Pretax Income $1.886M $1.213M $1.268M
YoY Change 52.08% -4.38% 148.72%
Income Tax $355.6K -$1.473M $8.616K
% Of Pretax Income 18.85% -121.44% 0.68%
Net Earnings $1.530M $2.686M $1.260M
YoY Change 23.41% 113.17% 147.06%
Net Earnings / Revenue 22.26% 43.46% 21.16%
Basic Earnings Per Share $0.16 $0.07
Diluted Earnings Per Share $88.79K $0.16 $0.07
COMMON SHARES
Basic Shares Outstanding 17.25M 17.23M 16.95M
Diluted Shares Outstanding 17.23M 17.09M

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.266M $7.483M $23.00M
YoY Change -34.4% -67.47% 1.77%
Cash & Equivalents $8.266M $7.500M $22.98M
Short-Term Investments
Other Short-Term Assets $514.9K $410.0K $800.0K
YoY Change 52.0% -48.75% 60.0%
Inventory $4.545M $4.839M $4.700M
Prepaid Expenses
Receivables $4.046M $4.294M $3.900M
Other Receivables $0.00 $0.00 $300.0K
Total Short-Term Assets $17.69M $17.31M $32.70M
YoY Change -46.59% -47.06% 12.37%
LONG-TERM ASSETS
Property, Plant & Equipment $8.143M $8.221M $8.300M
YoY Change -0.4% -0.95% -2.35%
Goodwill
YoY Change
Intangibles $62.47K $63.54K
YoY Change -44.64%
Long-Term Investments
YoY Change
Other Assets $188.3K $151.4K $100.0K
YoY Change -24.55% 51.36% 0.0%
Total Long-Term Assets $9.396M $9.704M $8.400M
YoY Change 11.51% 15.53% -3.45%
TOTAL ASSETS
Total Short-Term Assets $17.69M $17.31M $32.70M
Total Long-Term Assets $9.396M $9.704M $8.400M
Total Assets $27.09M $27.02M $41.10M
YoY Change -34.8% -34.27% 8.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $623.6K $936.0K $900.0K
YoY Change -21.15% 4.0% 12.5%
Accrued Expenses $1.431M $1.543M $1.500M
YoY Change 5.08% 2.9% 7.14%
Deferred Revenue $417.5K $1.529M
YoY Change 33.23%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.472M $4.008M $2.600M
YoY Change -81.88% 54.16% 8.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $28.68K $0.00
YoY Change
Total Long-Term Liabilities $28.68K $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.472M $4.008M $2.600M
Total Long-Term Liabilities $28.68K $0.00 $0.00
Total Liabilities $2.501M $4.008M $2.700M
YoY Change -81.85% 48.45% 8.0%
SHAREHOLDERS EQUITY
Retained Earnings -$5.883M -$7.413M
YoY Change 151.35%
Common Stock $51.84M $51.79M
YoY Change 0.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.37M $21.37M
YoY Change 0.0%
Treasury Stock Shares $2.096M $2.096M
Shareholders Equity $24.59M $23.01M $38.40M
YoY Change
Total Liabilities & Shareholders Equity $27.09M $27.02M $41.10M
YoY Change -34.8% -34.27% 8.73%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $1.530M $2.686M $1.260M
YoY Change 23.41% 113.17% 147.06%
Depreciation, Depletion And Amortization $97.93K $90.06K $92.33K
YoY Change -24.67% -2.46% -16.06%
Cash From Operating Activities $799.4K $1.493M $380.0K
YoY Change -48.76% 292.92% -71.43%
INVESTING ACTIVITIES
Capital Expenditures -$16.65K -$24.03K -$40.00K
YoY Change -66.7% -39.93% 300.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$16.65K -$24.03K -$40.00K
YoY Change -66.7% -39.93% 300.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 18.92K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 799.4K 1.493M 380.0K
Cash From Investing Activities -16.65K -24.03K -40.00K
Cash From Financing Activities 0.000 18.92K 0.000
Net Change In Cash 782.8K 1.488M 340.0K
YoY Change -0.92% 337.64% -74.24%
FREE CASH FLOW
Cash From Operating Activities $799.4K $1.493M $380.0K
Capital Expenditures -$16.65K -$24.03K -$40.00K
Free Cash Flow $816.1K $1.517M $420.0K
YoY Change -49.31% 261.22% -68.66%

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INNOVATIVE SOLUTIONS AND SUPPORT, INC.
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us-gaap Increase Decrease In Income Taxes Receivable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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17784
issc Increase Decrease In Contract Liability
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issc Increase Decrease In Contract Liability
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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-324025
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Payments Of Dividends
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Number Of Operating Segments
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CY2020 us-gaap Dividends Common Stock Cash
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us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-indent:-18pt;margin:0pt 0pt 12pt 36pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America, which require management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates. Estimates are used in accounting for, among other items, long term contracts, allowances for doubtful accounts, inventory obsolescence, product warranty cost liabilities, income taxes, engineering and material costs on Engineering Development Contract (“EDC”) programs, percentage of completion on EDC contracts, recoverability of long-lived assets and contingencies. Estimates and assumptions are reviewed periodically and the effects of changes, if any, are reflected in the consolidated statements of operations in the period they are determined.</p>
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CY2021Q2 us-gaap Restricted Cash
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q3 us-gaap Restricted Cash
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Impairment Of Long Lived Assets Held For Use
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CY2020Q2 issc Revenue Performance Obligation Satisfied At Point In Time Percentage Of Revenue
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issc Revenue Performance Obligation Satisfied At Point In Time Percentage Of Revenue
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issc Revenue Performance Obligation Satisfied At Point In Time Percentage Of Revenue
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us-gaap Contract With Customer Asset Reclassified To Receivable
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us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Increase Decrease In Contract With Customer Liability
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CY2021Q2 us-gaap Contract With Customer Liability Current
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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issc Percentage Of Employees Who Were Engineers Engaged In Engineering Development Projects
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issc Standard Product Warranty Accrual Length Of Warranty Period
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us-gaap Depreciation
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us-gaap Depreciation
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249543
us-gaap Impairment Of Intangible Assets Finitelived
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us-gaap Impairment Of Intangible Assets Finitelived
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CY2021Q2 us-gaap Amortization Of Intangible Assets
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CY2020Q2 us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49314
us-gaap Amortization Of Intangible Assets
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CY2021Q2 issc Prepaid Software Licenses Noncurrent
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CY2020Q3 issc Prepaid Software Licenses Noncurrent
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CY2021Q2 us-gaap Preferred Stock Shares Authorized
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CY2020Q2 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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issc Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
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2
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
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CY2020Q3 us-gaap Product Warranty Accrual Classified Current
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CY2021Q2 us-gaap Operating Lease Liability Current
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CY2020Q3 us-gaap Operating Lease Liability Current
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CY2021Q2 us-gaap Other Accrued Liabilities Current
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CY2020Q3 us-gaap Other Accrued Liabilities Current
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CY2021Q2 us-gaap Accrued Liabilities Current
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CY2020Q3 us-gaap Accrued Liabilities Current
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CY2021Q1 us-gaap Product Warranty Accrual Classified Current
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CY2020Q3 us-gaap Product Warranty Accrual Classified Current
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547743
CY2021Q2 us-gaap Product Warranty Accrual Warranties Issued
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us-gaap Product Warranty Accrual Warranties Issued
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CY2021Q2 us-gaap Product Warranty Accrual Payments
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us-gaap Product Warranty Accrual Payments
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CY2021Q2 us-gaap Product Warranty Accrual Classified Current
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CY2021Q2 us-gaap Product Warranty Accrual Classified Current
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CY2021Q2 us-gaap Income Tax Expense Benefit
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CY2020Q2 us-gaap Income Tax Expense Benefit
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CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.007
CY2020Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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0.174
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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437000
CY2021Q2 us-gaap Common Stock Shares Authorized
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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1259858
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3534643
us-gaap Net Income Loss Available To Common Stockholders Basic
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2025871
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17222312
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16931049
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1051
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1596
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
166365
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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17223908
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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0.21
us-gaap Earnings Per Share Basic
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CY2020Q2 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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100000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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100000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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issc Schedule Of Operating Lease Related Assets And Liabilities
ScheduleOfOperatingLeaseRelatedAssetsAndLiabilities
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:80%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:48.66%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:35.57%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.62%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.36%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td colspan="6" style="vertical-align:bottom;width:100%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">Classification on the Consolidated Balance Sheet on June 30, 2021</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:48.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Assets</b></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:35.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">  </p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">  </p></td></tr><tr><td style="vertical-align:bottom;width:48.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Operating leases</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:35.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="-sec-ix-hidden:Hidden_ag-Q1yo-DkKbkiSRz3XxpQ;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Other assets</span></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 2,241</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:48.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:35.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:48.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Liabilities</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:35.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">  </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:48.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Operating leases- current</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:35.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="-sec-ix-hidden:Hidden_fl4yuqoAfUKNdGLG6X-NfQ;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Accrued expenses</span></span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 2,241</p></td></tr><tr><td style="vertical-align:bottom;width:48.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Operating leases – noncurrent</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:35.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="-sec-ix-hidden:Hidden_c87hRhuWT025YYR3Fy1_yQ;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Other liabilities</span></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.62%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.36%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 0</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:48.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Total lease liabilities</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:35.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 2,241</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p>
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2241
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2241
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2241
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
3669
us-gaap Operating Lease Payments
OperatingLeasePayments
45542
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y2M12D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
2446
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2446
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
205
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2241
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2241
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0

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