2023 Q1 Form 10-K Financial Statement

#000162828023007144 Filed on March 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $55.68M $48.85M $212.1M
YoY Change -7.02% -33.36% -30.02%
Cost Of Revenue $42.17M $39.74M $171.1M
YoY Change -12.35% -23.53% -20.08%
Gross Profit $13.50M $9.107M $40.99M
YoY Change 14.78% -57.3% -53.94%
Gross Profit Margin 24.25% 18.64% 19.32%
Selling, General & Admin $12.65M $12.96M $50.54M
YoY Change 1.41% -32.34% -30.31%
% of Gross Profit 93.65% 142.33% 123.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.01M $27.24M $116.3M
YoY Change -11.39% -22.22% -19.21%
% of Gross Profit 214.86% 299.07% 283.83%
Operating Expenses $15.77M $16.54M $66.09M
YoY Change -4.86% -26.52% -24.32%
Operating Profit -$2.266M -$7.431M -$25.11M
YoY Change -52.9% 531.35% -1615.15%
Interest Expense $5.189M -$7.865M $20.00M
YoY Change 36.52% 95.5% 21.31%
% of Operating Profit
Other Income/Expense, Net $132.0K $646.0K $6.439M
YoY Change -95.73% -94.8% -82.39%
Pretax Income -$9.094M -$14.65M -$37.92M
YoY Change 64.66% -303.11% -274.39%
Income Tax $20.00K -$223.0K -$50.00K
% Of Pretax Income
Net Earnings -$9.114M -$14.43M -$37.87M
YoY Change 63.98% -292.9% -278.59%
Net Earnings / Revenue -16.37% -29.54% -17.85%
Basic Earnings Per Share -$0.09 -$0.39
Diluted Earnings Per Share -$0.09 -$0.15 -$0.39
COMMON SHARES
Basic Shares Outstanding 98.73M shares 98.45M shares 98.24M shares
Diluted Shares Outstanding 99.33M shares 98.24M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.55M $65.43M $65.43M
YoY Change -49.7% -29.26% -29.26%
Cash & Equivalents $40.55M $65.43M
Short-Term Investments
Other Short-Term Assets $62.94M $63.20M $63.20M
YoY Change 4.43% -9.63% -9.63%
Inventory
Prepaid Expenses
Receivables $0.00 $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $103.5M $128.6M $128.6M
YoY Change -26.55% -21.77% -21.77%
LONG-TERM ASSETS
Property, Plant & Equipment $1.188M $1.329M $1.329M
YoY Change -30.89% 130.73% 130.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $91.00K $91.00K $91.00K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $3.273M $3.267M $3.267M
YoY Change 0.34% 89.61% 89.61%
TOTAL ASSETS
Total Short-Term Assets $103.5M $128.6M $128.6M
Total Long-Term Assets $3.273M $3.267M $3.267M
Total Assets $106.8M $131.9M $131.9M
YoY Change -25.94% -20.62% -20.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.516M $1.264M $1.264M
YoY Change -37.61% -37.7% -37.7%
Accrued Expenses $14.04M $14.53M $14.91M
YoY Change 35.4% 21.52% 24.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $25.00M $25.00M
YoY Change
Total Short-Term Liabilities $17.90M $42.73M $42.73M
YoY Change 17.3% 165.03% 165.03%
LONG-TERM LIABILITIES
Long-Term Debt $83.72M $80.70M $80.70M
YoY Change -6.66% -20.81% -20.81%
Other Long-Term Liabilities $770.0K $902.0K $1.347M
YoY Change -81.89% -87.71% -81.65%
Total Long-Term Liabilities $770.0K $902.0K $82.04M
YoY Change -81.89% -87.71% -24.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.90M $42.73M $42.73M
Total Long-Term Liabilities $770.0K $902.0K $82.04M
Total Liabilities $102.8M $124.8M $124.8M
YoY Change -6.51% -0.47% -0.47%
SHAREHOLDERS EQUITY
Retained Earnings -$85.79M -$76.68M
YoY Change 93.38% 108.12%
Common Stock $10.00K $10.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.001M $7.128M $7.128M
YoY Change
Total Liabilities & Shareholders Equity $106.8M $131.9M $131.9M
YoY Change -25.94% -20.62% -20.62%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$9.114M -$14.43M -$37.87M
YoY Change 63.98% -292.9% -278.59%
Depreciation, Depletion And Amortization $29.01M $27.24M $116.3M
YoY Change -11.39% -22.22% -19.21%
Cash From Operating Activities -$2.906M -$19.31M -$20.85M
YoY Change -177.68% 3264.46% -1062.51%
INVESTING ACTIVITIES
Capital Expenditures $4.000K $138.0K $168.0K
YoY Change -97.12% -128.45% -56.25%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$301.0K -$138.0K -$1.505M
YoY Change -50.74% -71.55% 4.81%
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 -$21.69M 7.717M -$4.237M
YoY Change 62.33% -241.49% -116.23%
NET CHANGE
Cash From Operating Activities -$2.906M -19.31M -$20.85M
Cash From Investing Activities -$301.0K -138.0K -$1.505M
Cash From Financing Activities -$21.69M 7.717M -$4.237M
Net Change In Cash -$24.89M -11.73M -$26.59M
YoY Change 143.35% 80.15% -199.09%
FREE CASH FLOW
Cash From Operating Activities -$2.906M -$19.31M -$20.85M
Capital Expenditures $4.000K $138.0K $168.0K
Free Cash Flow -$2.910M -$19.45M -$21.02M
YoY Change -180.79% 21753.93% -1279.35%

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0 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
28670000 usd
CY2022 kplt Increase Decrease In Property Held For Lease
IncreaseDecreaseInPropertyHeldForLease
151843000 usd
CY2021 kplt Increase Decrease In Property Held For Lease
IncreaseDecreaseInPropertyHeldForLease
198841000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4266000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3847000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-765000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
344000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2719000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1008000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-413000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-583000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-517000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20848000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2166000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
168000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
384000 usd
CY2022 us-gaap Payments For Software
PaymentsForSoftware
1337000 usd
CY2021 us-gaap Payments For Software
PaymentsForSoftware
1052000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1505000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1436000 usd
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
22477000 usd
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
20471000 usd
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
18517000 usd
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
7036000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
67000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
678000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
344000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
150000000 usd
CY2022 kplt Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
0 usd
CY2021 kplt Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
251109000 usd
CY2022 kplt Reverse Recapitalization Cash Paid To Shareholders
ReverseRecapitalizationCashPaidToShareholders
0 usd
CY2021 kplt Reverse Recapitalization Cash Paid To Shareholders
ReverseRecapitalizationCashPaidToShareholders
329560000 usd
CY2022 kplt Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
0 usd
CY2021 kplt Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
32688000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4237000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26104000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-26590000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26834000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96431000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69597000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69841000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96431000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
12032000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
11628000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
446000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
416000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1139000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
511000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
0 usd
CY2022 kplt Exchange Of Convertible Preferred Stock Amount
ExchangeOfConvertiblePreferredStockAmount
0 usd
CY2021 kplt Exchange Of Convertible Preferred Stock Amount
ExchangeOfConvertiblePreferredStockAmount
49894000 usd
CY2022 kplt Reverse Recapitalization Assumed Warrant Liability
ReverseRecapitalizationAssumedWarrantLiability
0 usd
CY2021 kplt Reverse Recapitalization Assumed Warrant Liability
ReverseRecapitalizationAssumedWarrantLiability
44272000 usd
CY2022 kplt Warrants Exercised Liability
WarrantsExercisedLiability
0 usd
CY2021 kplt Warrants Exercised Liability
WarrantsExercisedLiability
13102000 usd
CY2022 kplt Transaction Costs
TransactionCosts
0 usd
CY2021 kplt Transaction Costs
TransactionCosts
846000 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69597000 usd
CY2021 kplt Property Subject To Or Available For Operating Lease Depreciation
PropertySubjectToOrAvailableForOperatingLeaseDepreciation
143671000 usd
CY2021Q2 kplt Reverse Recapitalization Redemption
ReverseRecapitalizationRedemption
64000 usd
CY2021Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
150000000 usd
CY2021Q2 kplt Reverse Recapitalization Cash Paid To Shareholders
ReverseRecapitalizationCashPaidToShareholders
329560000 usd
CY2021Q2 kplt Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
33534000 usd
CY2021Q2 kplt Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
38015000 usd
CY2021Q2 kplt Reverse Recapitalization Warrant Liability
ReverseRecapitalizationWarrantLiability
44272000 usd
CY2021Q2 kplt Reverse Recapitalization Net
ReverseRecapitalizationNet
-6257000 usd
CY2022Q4 kplt Reverse Recapitalization Warrants Acquired
ReverseRecapitalizationWarrantsAcquired
12832500000 shares
CY2022Q4 kplt Reverse Recapitalization Warrants Acquired
ReverseRecapitalizationWarrantsAcquired
12832500000 shares
CY2021Q2 kplt Reverse Recapitalization Contingent Consideration Equity Shares
ReverseRecapitalizationContingentConsiderationEquityShares
7500000 shares
CY2022Q4 kplt Finite Lived Intangible Asset Expected Amortization After Year Three
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearThree
0 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—The preparation of the consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of income and expense during the reporting period. The most significant estimates relate to the selection of useful lives of property and equipment, the selection of useful lives for property held for lease and the related depreciation method,</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> determination of fair value of stock option grants, and the valua</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">tion allowance associated with deferred tax assets. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments when facts and circumstances dictate. These estimates are based on information available as of the date of the consolidated financial statements; therefore, actual results could differ from those estimates.</span>
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65430000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
92494000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65622000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4411000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3937000 usd
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3975000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69841000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96431000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Rental Revenue</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—Property held for lease is leased to customers pursuant to lease-purchase agreements with an initial term: typically one week, two weeks, or one month, with non-refundable lease payments. Generally, the customer has the right to acquire title either through a 90-day promotional pricing option, an early purchase option (buyout) available prior </span>to completion of the full agreement, or by completing all lease renewal payments, generally 10 to 18 months. On any current lease, customers have the option to terminate the agreement at any time without penalty in accordance with lease term. Accordingly, lease-purchase agreements are accounted for as operating leases with lease revenues recognized in the period they are earned and cash is collected. Amounts received from customers who elect early purchase options (buyouts) are included in rental revenue. Lease payments received prior to their due dates are deferred and recorded as unearned revenue and are recognized as rental revenue in the month in which the revenue is earned. Rental revenue also includes agreed-upon charges assessed to customer lease applications. Payments are received upon submission of the applications and execution of the lease-purchase agreements. Services are considered to be rendered and revenue earned over the initial lease term. Revenues from leases are reported net of sales taxes.
CY2022 kplt Property Subject To Or Available For Operating Lease Lease Income
PropertySubjectToOrAvailableForOperatingLeaseLeaseIncome
3980000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Credit Risk</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and accounts receivable. The Company’s cash balances exceed those that are federally insured. To date, the Company has not recognized any losses caused by uninsured balances.</span>Significant customers are those which represent more than 10% of the Company’s total revenue or gross accounts receivable balance at each balance sheet date.
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q4 kplt Property Subject To Or Available For Operating Lease Gross Current
PropertySubjectToOrAvailableForOperatingLeaseGrossCurrent
289800000 usd
CY2021Q4 kplt Property Subject To Or Available For Operating Lease Gross Current
PropertySubjectToOrAvailableForOperatingLeaseGrossCurrent
220259000 usd
CY2022Q4 kplt Property Subject To Or Available For Operating Lease Accumulated Depreciation Current
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciationCurrent
239522000 usd
CY2021Q4 kplt Property Subject To Or Available For Operating Lease Accumulated Depreciation Current
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciationCurrent
158507000 usd
CY2022Q4 kplt Property Subject To Or Available For Operating Lease Net Current
PropertySubjectToOrAvailableForOperatingLeaseNetCurrent
50278000 usd
CY2021Q4 kplt Property Subject To Or Available For Operating Lease Net Current
PropertySubjectToOrAvailableForOperatingLeaseNetCurrent
61752000 usd
CY2022 kplt Property Subject To Or Available For Operating Lease Property Buyouts Net Lessor Asset Under Operating Lease
PropertySubjectToOrAvailableForOperatingLeasePropertyBuyoutsNetLessorAssetUnderOperatingLease
30505000 usd
CY2021 kplt Property Subject To Or Available For Operating Lease Property Buyouts Net Lessor Asset Under Operating Lease
PropertySubjectToOrAvailableForOperatingLeasePropertyBuyoutsNetLessorAssetUnderOperatingLease
45589000 usd
CY2022 kplt Property Subject To Or Available For Operating Lease Impairment Charge
PropertySubjectToOrAvailableForOperatingLeaseImpairmentCharge
17216000 usd
CY2021 kplt Property Subject To Or Available For Operating Lease Impairment Charge
PropertySubjectToOrAvailableForOperatingLeaseImpairmentCharge
14566000 usd
CY2022 kplt Property Subject To Or Available For Operating Lease Depreciation
PropertySubjectToOrAvailableForOperatingLeaseDepreciation
115597000 usd
CY2022Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Before Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseBeforeAccumulatedDepreciation
1245000 usd
CY2021Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Before Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseBeforeAccumulatedDepreciation
1077000 usd
CY2022Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
688000 usd
CY2021Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
501000 usd
CY2022Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation
557000 usd
CY2021Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation
576000 usd
CY2022 us-gaap Depreciation Excluding Lessor Asset Under Operating Lease
DepreciationExcludingLessorAssetUnderOperatingLease
187000 usd
CY2021 us-gaap Depreciation Excluding Lessor Asset Under Operating Lease
DepreciationExcludingLessorAssetUnderOperatingLease
138000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1433000 usd
CY2022Q4 kplt Finite Lived Intangible Assets Gross Including Capitalized Software Not Yet Placed In Service
FiniteLivedIntangibleAssetsGrossIncludingCapitalizedSoftwareNotYetPlacedInService
2607000 usd
CY2021Q4 kplt Finite Lived Intangible Assets Gross Including Capitalized Software Not Yet Placed In Service
FiniteLivedIntangibleAssetsGrossIncludingCapitalizedSoftwareNotYetPlacedInService
1270000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
760000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
214000 usd
CY2022Q4 kplt Finite Lived Intangible Assets Net Including Capitalized Software Not Yet Placed In Service
FiniteLivedIntangibleAssetsNetIncludingCapitalizedSoftwareNotYetPlacedInService
1847000 usd
CY2021Q4 kplt Finite Lived Intangible Assets Net Including Capitalized Software Not Yet Placed In Service
FiniteLivedIntangibleAssetsNetIncludingCapitalizedSoftwareNotYetPlacedInService
1056000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
545000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
184000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
708000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
560000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
165000 usd
CY2022Q4 kplt Capitalized Computer Software Not Yet Placed In Service
CapitalizedComputerSoftwareNotYetPlacedInService
398000 usd
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
2376000 usd
CY2021Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1807000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
5582000 usd
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
5445000 usd
CY2022Q4 kplt Unfunded Lease Payable Current
UnfundedLeasePayableCurrent
4159000 usd
CY2021Q4 kplt Unfunded Lease Payable Current
UnfundedLeasePayableCurrent
2697000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
118000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
91000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2297000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1919000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14532000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11959000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
456000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
334000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
170000 usd
CY2022Q4 kplt Lessee Operating Lease Liability To Be Paid After Year Three
LesseeOperatingLeaseLiabilityToBePaidAfterYearThree
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
960000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
133000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
827000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
382000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
445000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
827000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
532000 usd
CY2021 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
569000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0925
CY2022 kplt Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
2 plan
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y6M
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2115162 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.10
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
5957968 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.78
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
946091 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
5.96
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
985925 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
3.30
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
6141114 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.38
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6439000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13020000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.173
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.072
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.063
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.296
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.229
CY2022 kplt Effective Income Tax Rate Reconciliation Fair Value Adjustment Of Warrants Percent
EffectiveIncomeTaxRateReconciliationFairValueAdjustmentOfWarrantsPercent
0.036
CY2021 kplt Effective Income Tax Rate Reconciliation Fair Value Adjustment Of Warrants Percent
EffectiveIncomeTaxRateReconciliationFairValueAdjustmentOfWarrantsPercent
-0.353
CY2022 kplt Effective Income Tax Rate Reconciliation Transaction Costs Percent
EffectiveIncomeTaxRateReconciliationTransactionCostsPercent
0
CY2021 kplt Effective Income Tax Rate Reconciliation Transaction Costs Percent
EffectiveIncomeTaxRateReconciliationTransactionCostsPercent
-0.052
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.209
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.023
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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0.002
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
4730000 usd
CY2021Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
0 usd
CY2022Q4 kplt Deferred Tax Asset Lease Liabilities
DeferredTaxAssetLeaseLiabilities
209000 usd
CY2021Q4 kplt Deferred Tax Asset Lease Liabilities
DeferredTaxAssetLeaseLiabilities
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1172000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
776000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
39344000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
31506000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30561000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
19325000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
8783000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
12181000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
195000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
0 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
8588000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
12181000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
8783000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
12181000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-37871000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
21206000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98241965 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68502092 shares
CY2022 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2021 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2805302 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98241965 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80573218 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.39
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.39
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27391601 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13179103 shares
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
111783000 usd
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
113622000 usd
CY2022 dei Auditor Firm
AuditorFirmId
34

Files In Submission

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kplt-20221231_cal.xml Edgar Link unprocessable
0001628280-23-007144-index-headers.html Edgar Link pending
0001628280-23-007144-index.html Edgar Link pending
0001628280-23-007144.txt Edgar Link pending
0001628280-23-007144-xbrl.zip Edgar Link pending
ex1014-directorinitialawar.htm Edgar Link pending
ex1038fifteenthamendmentto.htm Edgar Link pending
ex1039warranttopurchasecom.htm Edgar Link pending
ex1040revolvingnote.htm Edgar Link pending
R40.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
ex1041amendedandrestatedre.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
kplt-20221231.htm Edgar Link pending
kplt-20221231.xsd Edgar Link pending
kplt-20221231_g1.jpg Edgar Link pending
kpltex101812312022non-empl.htm Edgar Link pending
kpltex102012312022-kcupito.htm Edgar Link pending
kpltex23112312022.htm Edgar Link pending
kpltex31112312022.htm Edgar Link pending
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kplt-20221231_def.xml Edgar Link unprocessable
kplt-20221231_lab.xml Edgar Link unprocessable
kplt-20221231_pre.xml Edgar Link unprocessable
kplt-20221231_htm.xml Edgar Link completed
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report.css Edgar Link pending
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