$KLNG
Koil Energy Solutions, Inc.

2023 Q3 Form 10-Q Financial Statement

#000168316823005404 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $4.107M $3.508M
YoY Change 81.97% 0.26%
Cost Of Revenue $2.733M $2.360M
YoY Change 37.47% 16.95%
Gross Profit $1.374M $1.148M
YoY Change 410.78% -22.48%
Gross Profit Margin 33.46% 32.73%
Selling, General & Admin $1.555M $1.542M
YoY Change -5.41% 8.67%
% of Gross Profit 113.17% 134.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.00K $27.00K
YoY Change -43.75% -51.79%
% of Gross Profit 1.97% 2.35%
Operating Expenses $1.582M $1.569M
YoY Change -6.5% 6.37%
Operating Profit -$208.0K -$421.0K
YoY Change -85.38% -7116.67%
Interest Expense -$7.000K $2.000K
YoY Change -240.0% -33.33%
% of Operating Profit
Other Income/Expense, Net $68.00K -$8.000K
YoY Change -144.74% -104.42%
Pretax Income -$140.0K -$429.0K
YoY Change -91.11% -329.41%
Income Tax $3.000K $4.000K
% Of Pretax Income
Net Earnings -$143.0K -$433.0K
YoY Change -90.94% -344.63%
Net Earnings / Revenue -3.48% -12.34%
Basic Earnings Per Share -$0.01 -$0.04
Diluted Earnings Per Share -$0.01 -$0.04
COMMON SHARES
Basic Shares Outstanding 11.89M shares 11.89M shares
Diluted Shares Outstanding 11.89K shares 11.89K shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.130M $2.350M
YoY Change -68.11% -31.67%
Cash & Equivalents $1.132M $2.347M
Short-Term Investments
Other Short-Term Assets $1.150M $1.120M
YoY Change 22.73% 24.44%
Inventory $172.0K $195.0K
Prepaid Expenses
Receivables $5.502M $3.660M
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.088M $7.370M
YoY Change 9.68% -21.0%
LONG-TERM ASSETS
Property, Plant & Equipment $3.098M $3.092M
YoY Change -2.15% 36.39%
Goodwill
YoY Change
Intangibles $74.00K $74.00K
YoY Change 76.19% 72.09%
Long-Term Investments
YoY Change
Other Assets $223.0K $226.0K
YoY Change 21.86% 52.7%
Total Long-Term Assets $9.331M $9.363M
YoY Change -11.18% 154.78%
TOTAL ASSETS
Total Short-Term Assets $8.088M $7.370M
Total Long-Term Assets $9.331M $9.363M
Total Assets $17.42M $16.73M
YoY Change -2.57% 28.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.500M $1.580M
YoY Change 14.1% -8.41%
Accrued Expenses $450.0K $1.190M
YoY Change -32.43% 1090.0%
Deferred Revenue $1.747M $940.0K
YoY Change 3697.83% 786.79%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $40.00K $110.0K
YoY Change
Total Short-Term Liabilities $4.735M $3.822M
YoY Change 63.11% 25.19%
LONG-TERM LIABILITIES
Long-Term Debt $20.00K $0.00
YoY Change
Other Long-Term Liabilities $6.180M $6.290M
YoY Change -6.72% 29852.38%
Total Long-Term Liabilities $6.200M $6.290M
YoY Change -6.42% 29852.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.735M $3.822M
Total Long-Term Liabilities $6.200M $6.290M
Total Liabilities $10.94M $10.12M
YoY Change 14.77% 229.05%
SHAREHOLDERS EQUITY
Retained Earnings -$64.22M -$64.08M
YoY Change 3.11% 5.55%
Common Stock $16.00K $16.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.484M $6.618M
YoY Change
Total Liabilities & Shareholders Equity $17.42M $16.73M
YoY Change -2.57% 28.68%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$143.0K -$433.0K
YoY Change -90.94% -344.63%
Depreciation, Depletion And Amortization $27.00K $27.00K
YoY Change -43.75% -51.79%
Cash From Operating Activities -$970.0K $910.0K
YoY Change -174.73% -27.61%
INVESTING ACTIVITIES
Capital Expenditures $150.0K $0.00
YoY Change -111.83% -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$150.0K $0.00
YoY Change -87.44% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.0K -80.00K
YoY Change -20.0%
NET CHANGE
Cash From Operating Activities -970.0K 910.0K
Cash From Investing Activities -150.0K 0.000
Cash From Financing Activities -100.0K -80.00K
Net Change In Cash -1.220M 830.0K
YoY Change -1273.08% 12.62%
FREE CASH FLOW
Cash From Operating Activities -$970.0K $910.0K
Capital Expenditures $150.0K $0.00
Free Cash Flow -$1.120M $910.0K
YoY Change -143.65% -51.1%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001110607
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-30351
dei Entity Registrant Name
EntityRegistrantName
KOIL ENERGY SOLUTIONS, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
75-2263732
dei Entity Address Address Line1
EntityAddressAddressLine1
1310 Rankin Road
dei Entity Address City Or Town
EntityAddressCityOrTown
Houston
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77073
dei City Area Code
CityAreaCode
(281)
dei Local Phone Number
LocalPhoneNumber
517-5000
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
11888202 shares
CY2023Q2 us-gaap Cash
Cash
2347000 usd
CY2022Q4 us-gaap Cash
Cash
2353000 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3660000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2920000 usd
CY2023Q2 KLNG Employee Retention Tax Credit Receivable
EmployeeRetentionTaxCreditReceivable
650000 usd
CY2022Q4 KLNG Employee Retention Tax Credit Receivable
EmployeeRetentionTaxCreditReceivable
650000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
195000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
202000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
54000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
281000 usd
CY2023Q2 KLNG Finance Lease Right Of Use Asset Current
FinanceLeaseRightOfUseAssetCurrent
109000 usd
CY2022Q4 KLNG Finance Lease Right Of Use Asset Current
FinanceLeaseRightOfUseAssetCurrent
275000 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
355000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
204000 usd
CY2023Q2 us-gaap Assets Current
AssetsCurrent
7370000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
6885000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3092000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3305000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
74000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
62000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5971000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6184000 usd
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
226000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
179000 usd
CY2023Q2 us-gaap Assets
Assets
16733000 usd
CY2022Q4 us-gaap Assets
Assets
16615000 usd
CY2023Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1576000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1516000 usd
CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
940000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
333000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1194000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
863000 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
112000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
277000 usd
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3822000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2989000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6293000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6518000 usd
CY2023Q2 us-gaap Liabilities
Liabilities
10115000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
9507000 usd
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
24500000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
24500000 shares
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15906010 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15906010 shares
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
16000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
16000 usd
CY2023Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
73816000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
73776000 usd
CY2023Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
4017808 shares
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
4017808 shares
CY2023Q2 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
3135000 usd
CY2022Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
3135000 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-64079000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-63549000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
6618000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
7108000 usd
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16733000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16615000 usd
CY2023Q2 us-gaap Revenues
Revenues
3508000 usd
CY2022Q2 us-gaap Revenues
Revenues
3499000 usd
us-gaap Revenues
Revenues
7232000 usd
us-gaap Revenues
Revenues
7100000 usd
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2233000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1901000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4189000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3951000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
127000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
117000 usd
us-gaap Depreciation
Depreciation
253000 usd
us-gaap Depreciation
Depreciation
253000 usd
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
2360000 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
2018000 usd
us-gaap Cost Of Revenue
CostOfRevenue
4442000 usd
us-gaap Cost Of Revenue
CostOfRevenue
4204000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
1148000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
1481000 usd
us-gaap Gross Profit
GrossProfit
2790000 usd
us-gaap Gross Profit
GrossProfit
2896000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1542000 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1419000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3253000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3087000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
56000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
53000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
116000 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
1569000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
1475000 usd
us-gaap Operating Expenses
OperatingExpenses
3306000 usd
us-gaap Operating Expenses
OperatingExpenses
3203000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-421000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
6000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-516000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-307000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
2000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
3000 usd
us-gaap Interest Expense
InterestExpense
4000 usd
us-gaap Interest Expense
InterestExpense
5000 usd
CY2023Q2 us-gaap Other Income
OtherIncome
-7000 usd
CY2022Q2 us-gaap Other Income
OtherIncome
50000 usd
us-gaap Other Income
OtherIncome
-7000 usd
us-gaap Other Income
OtherIncome
52000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
134000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
2000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
188000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
181000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-9000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
235000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-429000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
187000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-525000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-72000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-433000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
177000 usd
us-gaap Net Income Loss
NetIncomeLoss
-530000 usd
us-gaap Net Income Loss
NetIncomeLoss
-87000 usd
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11888 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11992 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11888 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12074 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11888 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12057 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11888 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12136 shares
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
7035000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-433000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
6618000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
7108000 usd
us-gaap Net Income Loss
NetIncomeLoss
-530000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
40000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
6618000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
9839000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
177000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
100000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
9930000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
10272000 usd
us-gaap Net Income Loss
NetIncomeLoss
-87000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
326000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
71000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
9930000 usd
us-gaap Net Income Loss
NetIncomeLoss
-530000 usd
us-gaap Net Income Loss
NetIncomeLoss
-87000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
40000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
71000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
306000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
369000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
2000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
188000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-133000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-485000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
8000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
741000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1346000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-227000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-345000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-7000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
151000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
149000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
71000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
44000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
59000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-585000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
608000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-144000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
238000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
780000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
184000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
82000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
955000 usd
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
-0 usd
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
-4000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-80000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-767000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
164000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
-0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
250000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-164000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-250000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-6000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-237000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2353000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3676000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2347000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3439000 usd
KLNG Shares Of Common Stock Received In Exchange For Property Plant And Equipment
SharesOfCommonStockReceivedInExchangeForPropertyPlantAndEquipment
0 usd
KLNG Shares Of Common Stock Received In Exchange For Property Plant And Equipment
SharesOfCommonStockReceivedInExchangeForPropertyPlantAndEquipment
76000 usd
CY2023Q2 us-gaap Cash
Cash
2347000 usd
CY2023Q2 KLNG Working Capital
WorkingCapital
3548000 usd
CY2022Q4 us-gaap Cash
Cash
2353000 usd
CY2022Q4 KLNG Working Capital
WorkingCapital
3896000 usd
us-gaap Accounts Receivable Sale
AccountsReceivableSale
4500000 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
820000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5971000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6184000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1194000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
863000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6293000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6518000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
7487000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
7381000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
76000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
129000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
144000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
220000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
313000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
464000 usd
us-gaap Lease Cost
LeaseCost
620000 usd
us-gaap Lease Cost
LeaseCost
902000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y3M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y8M16D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07994 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07694 pure
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
85000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
172000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 usd
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y3M30D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y9M30D
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.08230 pure
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.08230 pure
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1730000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
977000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
989000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1008000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5723000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10427000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2940000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
7487000 usd
CY2023Q2 us-gaap Revenues
Revenues
3508000 usd
CY2022Q2 us-gaap Revenues
Revenues
3499000 usd
us-gaap Revenues
Revenues
7232000 usd
us-gaap Revenues
Revenues
7100000 usd
CY2023Q2 KLNG Costsincurredonuncompletedcontracts
Costsincurredonuncompletedcontracts
796000 usd
CY2022Q4 KLNG Costsincurredonuncompletedcontracts
Costsincurredonuncompletedcontracts
342000 usd
CY2023Q2 KLNG Estimatedearningsonuncompletedcontracts
Estimatedearningsonuncompletedcontracts
364000 usd
CY2022Q4 KLNG Estimatedearningsonuncompletedcontracts
Estimatedearningsonuncompletedcontracts
465000 usd
CY2023Q2 KLNG Gross Costs And Estimated Earnings
GrossCostsAndEstimatedEarnings
1160000 usd
CY2022Q4 KLNG Gross Costs And Estimated Earnings
GrossCostsAndEstimatedEarnings
807000 usd
CY2023Q2 KLNG Billingstodateonuncompletedcontracts
Billingstodateonuncompletedcontracts
-2046000 usd
CY2022Q4 KLNG Billingstodateonuncompletedcontracts
Billingstodateonuncompletedcontracts
-859000 usd
CY2023Q2 KLNG Costs Incurred Plus Estimated Earning Less Billings On Uncompleted Contracts Net
CostsIncurredPlusEstimatedEarningLessBillingsOnUncompletedContractsNet
-886000 usd
CY2022Q4 KLNG Costs Incurred Plus Estimated Earning Less Billings On Uncompleted Contracts Net
CostsIncurredPlusEstimatedEarningLessBillingsOnUncompletedContractsNet
-52000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
54000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
281000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
940000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
333000 usd
CY2023Q2 KLNG Costs Incurred Plus Estimated Earning Less Billings On Uncompleted Contract Net
CostsIncurredPlusEstimatedEarningLessBillingsOnUncompletedContractNet
-886000 usd
CY2022Q4 KLNG Costs Incurred Plus Estimated Earning Less Billings On Uncompleted Contract Net
CostsIncurredPlusEstimatedEarningLessBillingsOnUncompletedContractNet
-52000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8179000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8114000 usd
CY2023Q2 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
5087000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
4809000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3092000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3305000 usd
CY2023Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
147 shares
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
100000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
501 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
326000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
11888 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
11888 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
11992 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
11888 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
12074 shares
CY2023Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
0 shares
CY2022Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
65 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
0 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
62 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11888 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12057 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11888 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12136 shares
CY2021 KLNG Employee Retention Credit
EmployeeRetentionCredit
650000 usd
CY2023Q2 KLNG Employee Retention Receivable
EmployeeRetentionReceivable
650000 usd
KLNG Selling Of Goods And Materials Basis Percentage
SellingOfGoodsAndMaterialsBasisPercentage
0.15 pure
KLNG Selling Of Goods Milestone Billing Basis Percentage
SellingOfGoodsMilestoneBillingBasisPercentage
0.25 pure
CY2023Q2 KLNG Interest Rate
InterestRate
0.0200 pure
CY2023Q2 us-gaap Derivative Floor Interest Rate
DerivativeFloorInterestRate
0.0800 pure

Files In Submission

Name View Source Status
0001683168-23-005404-index-headers.html Edgar Link pending
0001683168-23-005404-index.html Edgar Link pending
0001683168-23-005404.txt Edgar Link pending
0001683168-23-005404-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
klng-20230630.xsd Edgar Link pending
koil_ex3101.htm Edgar Link pending
koil_ex3102.htm Edgar Link pending
koil_ex3201.htm Edgar Link pending
koil_ex3202.htm Edgar Link pending
koil_i10q-063023.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
klng-20230630_def.xml Edgar Link unprocessable
klng-20230630_pre.xml Edgar Link unprocessable
klng-20230630_lab.xml Edgar Link unprocessable
koil_i10q-063023_htm.xml Edgar Link completed
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
klng-20230630_cal.xml Edgar Link unprocessable