$KLNG
Koil Energy Solutions, Inc.

2023 Form 10-K Financial Statement

#000168316824001768 Filed on March 27, 2024

View on sec.gov

Income Statement

Concept 2023
Revenue $15.34M
YoY Change 18.23%
Cost Of Revenue $9.758M
YoY Change 17.68%
Gross Profit $5.585M
YoY Change 19.21%
Gross Profit Margin 36.4%
Selling, General & Admin $6.795M
YoY Change 1.62%
% of Gross Profit 121.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $605.0K
YoY Change 225.27%
% of Gross Profit 10.83%
Operating Expenses $7.195M
YoY Change -6.47%
Operating Profit -$1.610M
YoY Change -46.48%
Interest Expense $7.000K
YoY Change -53.33%
% of Operating Profit
Other Income/Expense, Net $50.00K
YoY Change -37.5%
Pretax Income -$1.549M
YoY Change -47.1%
Income Tax $5.000K
% Of Pretax Income
Net Earnings -$1.554M
YoY Change -46.93%
Net Earnings / Revenue -10.13%
Basic Earnings Per Share -$0.13
Diluted Earnings Per Share -$0.13
COMMON SHARES
Basic Shares Outstanding 11.89K shares
Diluted Shares Outstanding 11.89K shares

Balance Sheet

Concept 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.030M
YoY Change -13.62%
Cash & Equivalents $2.030M
Short-Term Investments
Other Short-Term Assets $681.0K
YoY Change -39.73%
Inventory $430.0K
Prepaid Expenses
Receivables $4.708M
Other Receivables $0.00
Total Short-Term Assets $7.849M
YoY Change 13.92%
LONG-TERM ASSETS
Property, Plant & Equipment $8.927M
YoY Change -5.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $214.0K
YoY Change 18.89%
Total Long-Term Assets $9.213M
YoY Change -5.31%
TOTAL ASSETS
Total Short-Term Assets $7.849M
Total Long-Term Assets $9.213M
Total Assets $17.06M
YoY Change 2.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.353M
YoY Change 120.59%
Accrued Expenses $480.0K
YoY Change -44.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $74.00K
YoY Change -73.57%
Total Short-Term Liabilities $5.284M
YoY Change 76.72%
LONG-TERM LIABILITIES
Long-Term Debt $24.00K
YoY Change
Other Long-Term Liabilities $6.136M
YoY Change -5.89%
Total Long-Term Liabilities $6.160M
YoY Change -5.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.284M
Total Long-Term Liabilities $6.160M
Total Liabilities $11.44M
YoY Change 20.34%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.618M
YoY Change
Total Liabilities & Shareholders Equity $17.06M
YoY Change 2.66%

Cashflow Statement

Concept 2023
OPERATING ACTIVITIES
Net Income -$1.554M
YoY Change -46.93%
Depreciation, Depletion And Amortization $605.0K
YoY Change 225.27%
Cash From Operating Activities $203.0K
YoY Change -83.66%
INVESTING ACTIVITIES
Capital Expenditures $230.0K
YoY Change -90.93%
Acquisitions
YoY Change
Other Investing Activities $4.000K
YoY Change -98.57%
Cash From Investing Activities -$226.0K
YoY Change -90.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -300.0K
YoY Change -0.99%
NET CHANGE
Cash From Operating Activities 203.0K
Cash From Investing Activities -226.0K
Cash From Financing Activities -300.0K
Net Change In Cash -323.0K
YoY Change -75.59%
FREE CASH FLOW
Cash From Operating Activities $203.0K
Capital Expenditures $230.0K
Free Cash Flow -$27.00K
YoY Change -97.92%

Facts In Submission

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KOIL ENERGY SOLUTIONS, INC.
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<p id="xdx_84C_eus-gaap--UseOfEstimates_znnbYYUKJ8N8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span id="xdx_869_zqFpVRvsEmM9">Use of Estimates</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of these financial statements in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) requires us to make estimates and judgments that may affect assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to revenue recognition and related allowances, contract assets and liabilities, impairments of long-lived assets, income taxes including the valuation allowance for deferred tax assets, contingencies and litigation, and share-based payments. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates under different assumptions or conditions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p>
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CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_841_eus-gaap--ConcentrationRiskCreditRisk_zhpuJJfmrRP6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span id="xdx_86C_z2n2ilVFB487">Concentration of Revenues and Credit Risk</span> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Koil Energy’s revenues are derived from the sale of products and services to customers who participate in the offshore sector of the energy industry. Customers may be similarly affected by economic and other changes in the energy industry. For the year ended December 31, 2023, our five largest customers accounted for <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer1Member_zGp2KRSQ599a" title="Concentration risk percentage">29</span> percent, <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer2Member_zZWtXhCXfIEl" title="Concentration risk percentage">19</span> percent, <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer3Member_zlLc6mCovfZe" title="Concentration risk percentage">14</span> percent, <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer4Member_zXLGXVCFrfp4" title="Concentration risk percentage">10</span> percent, and <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer5Member_zvUpmMpfJMbf" title="Concentration risk percentage">6</span> percent of total revenues. For the year ended December 31, 2022, our five largest customers accounted for <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer1Member_zpnR91reHwH4" title="Concentration risk percentage">31</span> percent, <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer2Member_z2bKwddeu6be" title="Concentration risk percentage">13</span> percent, <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer3Member_zK2OG8XUZ5Ua" title="Concentration risk percentage">12</span> percent, <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer4Member_z0AlF35qPJca" title="Concentration risk percentage">9</span> percent, and <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer5Member_zo2VuxL6MMv" title="Concentration risk percentage">6</span> percent of total revenues. The loss of one or more of these customers could have a material impact on our results of operations and cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, three of our customers accounted for <span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer1Member_zsXSfbMRlaF7" title="Concentration risk percentage">47</span> percent, <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer2Member_zp64BcOUzHM5" title="Concentration risk percentage">13</span> percent, and <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer3Member_zlUWAzmnxKki" title="Concentration risk percentage">10</span> percent of total accounts receivable. As of December 31, 2022, three of our customers accounted for <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer1Member_zBKMyE1i8Ra9" title="Concentration risk percentage">50</span> percent, <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer2Member_zbKSbilwf5Z4" title="Concentration risk percentage">12</span> percent, and <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--Customer3Member_zc7xkkmxRnZh" title="Concentration risk percentage">9</span> percent of total accounts receivable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
820000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5856000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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CY2023Q4 KLNG Lease Assets
LeaseAssets
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CY2022Q4 KLNG Lease Assets
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CY2023Q4 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
863000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
74000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
277000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6136000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6518000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
24000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 usd
CY2023Q4 KLNG Total Lease Liabilities
TotalLeaseLiabilities
6714000 usd
CY2022Q4 KLNG Total Lease Liabilities
TotalLeaseLiabilities
7658000 usd
CY2023 us-gaap Lease Cost
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1271000 usd
CY2022 us-gaap Lease Cost
LeaseCost
1904000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y8M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y4M24D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M12D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P0Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0797 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0625 pure
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0744 pure
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0823 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
990000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
78000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1006000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
13000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1021000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
13000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1041000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5233000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9291000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
104000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2675000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
6000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6616000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
98000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
101000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6345000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
122000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
328000 usd
CY2023 us-gaap Revenues
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15343000 usd
CY2022 us-gaap Revenues
Revenues
12977000 usd
CY2023Q4 KLNG Costsincurredonuncompletedcontracts
Costsincurredonuncompletedcontracts
2575000 usd
CY2022Q4 KLNG Costsincurredonuncompletedcontracts
Costsincurredonuncompletedcontracts
342000 usd
CY2023Q4 KLNG Estimatedearningsonuncompletedcontracts
Estimatedearningsonuncompletedcontracts
399000 usd
CY2022Q4 KLNG Estimatedearningsonuncompletedcontracts
Estimatedearningsonuncompletedcontracts
465000 usd
CY2023Q4 KLNG Estimated Loss On Uncompleted Contracts
EstimatedLossOnUncompletedContracts
-130000 usd
CY2022Q4 KLNG Estimated Loss On Uncompleted Contracts
EstimatedLossOnUncompletedContracts
0 usd
CY2023Q4 KLNG Gross Costs And Estimated Earnings
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2844000 usd
CY2022Q4 KLNG Gross Costs And Estimated Earnings
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807000 usd
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-3741000 usd
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Billingstodateonuncompletedcontracts
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AccountsReceivableNet
4228000 usd
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AccountsReceivableNet
2920000 usd
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AccountsReceivableNet
5929000 usd
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480000 usd
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281000 usd
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333000 usd
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250000 usd
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1857000 usd
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614000 usd
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AccountsReceivableNetContractAssetsAndContractLiabilities
602000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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8313000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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8114000 usd
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CY2022Q4 us-gaap Real Estate Accumulated Depreciation
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4809000 usd
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CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3305000 usd
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497000 usd
CY2022 us-gaap Depreciation Nonproduction
DepreciationNonproduction
496000 usd
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53000 usd
CY2022 us-gaap Depreciation And Amortization Discontinued Operations
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124000 usd
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-1554000 usd
CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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11888 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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75 shares
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150 shares
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0.59
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75 shares
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y7M6D
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y
CY2023 us-gaap Stock Repurchased During Period Shares
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CY2022 us-gaap Stock Repurchased During Period Shares
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CY2022 us-gaap Stock Repurchased During Period Value
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CY2023 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Product Liability Accrual Component Amount
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100000 usd
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.2100 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.0023 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.0045 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.0004 pure
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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0.0034 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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0.0000 pure
CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
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6090000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
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5748000 usd
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630000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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637000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
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816000 usd
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803000 usd
CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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-12000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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0 usd
CY2023Q4 KLNG Rightofuse Operating Asset
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1389000 usd
CY2022Q4 KLNG Rightofuse Operating Asset
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1550000 usd
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5000 usd
CY2022Q4 us-gaap Deferred Income Taxes And Other Assets Noncurrent
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12000 usd
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8908000 usd
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7546000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2023Q4 us-gaap Deferred Tax Assets Net
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1362000 usd
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1491000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Deferred Expense
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132000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense
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113000 usd
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1491000 usd
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0 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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28513000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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1336000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
630000 usd
CY2022Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
0 usd
CY2021 KLNG Employee Retention Credit
EmployeeRetentionCredit
650000 usd
CY2023Q4 KLNG Employee Retention Receivable
EmployeeRetentionReceivable
323000 usd
CY2021Q1 KLNG Employee Retention Credit Received
EmployeeRetentionCreditReceived
344000 usd

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0001683168-24-001768.txt Edgar Link pending
0001683168-24-001768-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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klng-20231231.xsd Edgar Link pending
koil_ex2101.htm Edgar Link pending
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