2024 Q4 Form 10-Q Financial Statement
#000162828024045451 Filed on November 06, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | $60.31M | |
YoY Change | 9.15% | |
Cost Of Revenue | $48.36M | |
YoY Change | 13.95% | |
Gross Profit | $11.95M | |
YoY Change | -6.73% | |
Gross Profit Margin | 19.81% | |
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $34.00M | |
YoY Change | 10.43% | |
% of Gross Profit | 284.55% | |
Operating Expenses | $16.40M | |
YoY Change | 35.39% | |
Operating Profit | -$4.447M | |
YoY Change | -735.29% | |
Interest Expense | -$4.469M | |
YoY Change | -204.81% | |
% of Operating Profit | ||
Other Income/Expense, Net | $75.00K | |
YoY Change | -80.26% | |
Pretax Income | -$8.841M | |
YoY Change | 205.39% | |
Income Tax | $50.00K | |
% Of Pretax Income | ||
Net Earnings | -$8.888M | |
YoY Change | 205.01% | |
Net Earnings / Revenue | -14.74% | |
Basic Earnings Per Share | -$2.05 | |
Diluted Earnings Per Share | -$2.05 | |
COMMON SHARES | ||
Basic Shares Outstanding | 4.391M shares | 4.169M shares |
Diluted Shares Outstanding | 4.341M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $25.88M | |
YoY Change | -19.64% | |
Cash & Equivalents | $25.90M | |
Short-Term Investments | ||
Other Short-Term Assets | $63.67M | |
YoY Change | -5.11% | |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $89.55M | |
YoY Change | -9.76% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $632.0K | |
YoY Change | -29.78% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $91.00K | |
YoY Change | -9.0% | |
Total Long-Term Assets | $2.429M | |
YoY Change | -21.03% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $89.55M | |
Total Long-Term Assets | $2.429M | |
Total Assets | $91.98M | |
YoY Change | -10.1% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $912.0K | |
YoY Change | 24.08% | |
Accrued Expenses | $23.26M | |
YoY Change | 47.69% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $67.11M | |
YoY Change | ||
Long-Term Debt Due | $28.78M | |
YoY Change | ||
Total Short-Term Liabilities | $131.0M | |
YoY Change | 593.01% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $823.0K | |
YoY Change | 528.24% | |
Total Long-Term Liabilities | $823.0K | |
YoY Change | 528.24% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $131.0M | |
Total Long-Term Liabilities | $823.0K | |
Total Liabilities | $132.2M | |
YoY Change | 26.92% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$138.9M | |
YoY Change | 46.02% | |
Common Stock | $0.00 | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$40.26M | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $91.98M | |
YoY Change | -10.1% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$8.888M | |
YoY Change | 205.01% | |
Depreciation, Depletion And Amortization | $34.00M | |
YoY Change | 10.43% | |
Cash From Operating Activities | -$5.422M | |
YoY Change | -753.25% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $319.0K | |
YoY Change | 32.92% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$319.0K | |
YoY Change | 32.92% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -2.340M | |
YoY Change | -28.88% | |
NET CHANGE | ||
Cash From Operating Activities | -5.422M | |
Cash From Investing Activities | -319.0K | |
Cash From Financing Activities | -2.340M | |
Net Change In Cash | -8.081M | |
YoY Change | 199.3% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$5.422M | |
Capital Expenditures | $319.0K | |
Free Cash Flow | -$5.741M | |
YoY Change | -1073.05% |
Facts In Submission
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4289000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4059000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4059000 | shares | |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.05 | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.05 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.98 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.98 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.81 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.81 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-5.43 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-5.43 | ||
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-27992000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16346000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
209000 | usd | |
us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
562000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4428000 | usd | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2066000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22037000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5678000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-14683000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-32946000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8888000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
191000 | usd |
CY2024Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
105000 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1485000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4054000 | usd |
CY2023Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
71000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1375000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16346000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22037000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
102731000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
92334000 | usd | |
kplt |
Property Subject To Or Available For Operating Lease Property Buyouts Net Lessor Asset Under Operating Lease
PropertySubjectToOrAvailableForOperatingLeasePropertyBuyoutsNetLessorAssetUnderOperatingLease
|
21505000 | usd | |
kplt |
Property Subject To Or Available For Operating Lease Property Buyouts Net Lessor Asset Under Operating Lease
PropertySubjectToOrAvailableForOperatingLeasePropertyBuyoutsNetLessorAssetUnderOperatingLease
|
19365000 | usd | |
kplt |
Property Subject To Or Available For Operating Lease Impairment Charge
PropertySubjectToOrAvailableForOperatingLeaseImpairmentCharge
|
17021000 | usd | |
kplt |
Property Subject To Or Available For Operating Lease Impairment Charge
PropertySubjectToOrAvailableForOperatingLeaseImpairmentCharge
|
15494000 | usd | |
kplt |
Fair Value Adjustments Of Warrants And Other
FairValueAdjustmentsOfWarrantsAndOther
|
33000 | usd | |
kplt |
Fair Value Adjustments Of Warrants And Other
FairValueAdjustmentsOfWarrantsAndOther
|
-771000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4428000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5678000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2391000 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
2222000 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
2147000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
198000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
211000 | usd | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
1056000 | usd | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
1208000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
521000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
274000 | usd | |
kplt |
Increase Decrease In Property Held For Lease
IncreaseDecreaseInPropertyHeldForLease
|
135814000 | usd | |
kplt |
Increase Decrease In Property Held For Lease
IncreaseDecreaseInPropertyHeldForLease
|
128464000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-61000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-3125000 | usd | |
us-gaap |
Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
|
-5000000 | usd | |
us-gaap |
Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
|
0 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
9000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-529000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-889000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1594000 | usd | |
kplt |
Increase Decrease In Settlement Liabilities
IncreaseDecreaseInSettlementLiabilities
|
-5500000 | usd | |
kplt |
Increase Decrease In Settlement Liabilities
IncreaseDecreaseInSettlementLiabilities
|
0 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-239000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-312000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-67000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
572000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4070000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7720000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
36000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
10000 | usd | |
us-gaap |
Payments For Software
PaymentsForSoftware
|
620000 | usd | |
us-gaap |
Payments For Software
PaymentsForSoftware
|
753000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-656000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-763000 | usd | |
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
16100000 | usd | |
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
10916000 | usd | |
us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
9539000 | usd | |
us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
8054000 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
25000000 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
34000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
562000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
318000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
209000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6208000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-22490000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1482000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-30973000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
28811000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
69841000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
30293000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
38868000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
10372000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
9821000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
270000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
146000 | usd | |
us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
0 | usd | |
us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
481000 | usd | |
kplt |
Warrants Issued
WarrantsIssued
|
0 | usd | |
kplt |
Warrants Issued
WarrantsIssued
|
4060000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
275000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
390000 | usd | |
CY2023Q3 | kplt |
Property Subject To Or Available For Operating Lease Net Current
PropertySubjectToOrAvailableForOperatingLeaseNetCurrent
|
51670000 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
4976000 | usd |
CY2023Q3 | us-gaap |
Assets Current
AssetsCurrent
|
95515000 | usd |
CY2023Q3 | us-gaap |
Assets
Assets
|
98591000 | usd |
CY2023Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
22198000 | usd |
CY2023Q3 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
4755000 | usd |
CY2023Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
27985000 | usd |
CY2023Q3 | us-gaap |
Liabilities
Liabilities
|
113274000 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-107908000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-14683000 | usd |
CY2023Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
98591000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
54042000 | usd |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
161612000 | usd | |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
54811000 | usd |
us-gaap |
Revenues
Revenues
|
164030000 | usd | |
CY2023Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
43342000 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
131224000 | usd | |
CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
11469000 | usd |
us-gaap |
Gross Profit
GrossProfit
|
32806000 | usd | |
CY2023Q3 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
11909000 | usd |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
40953000 | usd | |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-440000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8147000 | usd | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-4035000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-21984000 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4054000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22037000 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.98 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.98 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-5.43 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-5.43 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22037000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
92334000 | usd | |
kplt |
Property Subject To Or Available For Operating Lease Property Buyouts Net Lessor Asset Under Operating Lease
PropertySubjectToOrAvailableForOperatingLeasePropertyBuyoutsNetLessorAssetUnderOperatingLease
|
19365000 | usd | |
kplt |
Property Subject To Or Available For Operating Lease Impairment Charge
PropertySubjectToOrAvailableForOperatingLeaseImpairmentCharge
|
15494000 | usd | |
kplt |
Increase Decrease In Property Held For Lease
IncreaseDecreaseInPropertyHeldForLease
|
128464000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-3125000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1594000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7720000 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt;text-align:justify"><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 condensed consolidated financial statements in accordance with U.S. 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 condensed consolidated financial statements, and the reported amounts of income and expense during the reporting periods. The most significant estimates relate to 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%"> impairments, 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. Changes in estimates are reflected in reported amounts in the period in which they become known. Actual results could differ from those estimates.</span></div> | ||
us-gaap |
Revenue Recognition Leases
RevenueRecognitionLeases
|
<div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Rental Revenue</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— L</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ease-to-own agreements, which comprise the majority of total revenue, fall within the scope of ASC 842, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Leases</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> under lessor accounting and revenue is recognized in the period it is earned and cash is collected. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pro</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">perty 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 to completion of the full agreement, or by completing all lease renewal payments, generally over 10, 12 or 18 months. On any current lease, customers have the option to terminate the agreement at any time without penalty in accordance with the lease term. 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 </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 for 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 lease term.</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenues from direct integration leases are generally recorded net of sales taxes as sales tax is collected from each customer's lease payment and a sales tax payable is recorded for remittance to the respective state. For Katapult Pay transactions, all sales tax is paid by the Company upon purchase of the goods and is recorded in the cost basis of the capitalzed property held for lease. Revenue is recognized for our Katapult Pay transactions when lease payments are received from customers in the month due.</span></div> | ||
CY2024Q3 | kplt |
Promotional Period For Pricing Option Buyout
PromotionalPeriodForPricingOptionBuyout
|
P90D | |
CY2024Q3 | us-gaap |
Other Income
OtherIncome
|
700000 | usd |
CY2023Q3 | us-gaap |
Other Income
OtherIncome
|
800000 | usd |
us-gaap |
Other Income
OtherIncome
|
2300000 | usd | |
us-gaap |
Other Income
OtherIncome
|
2400000 | usd | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— The Company’s concentration of credit risk consists primarily of cash. A portion of 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></div>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. | ||
CY2024Q3 | kplt |
Property Subject To Or Available For Operating Lease Gross Current
PropertySubjectToOrAvailableForOperatingLeaseGrossCurrent
|
281521000 | usd |
CY2023Q4 | kplt |
Property Subject To Or Available For Operating Lease Gross Current
PropertySubjectToOrAvailableForOperatingLeaseGrossCurrent
|
290808000 | usd |
CY2024Q3 | kplt |
Property Subject To Or Available For Operating Lease Accumulated Depreciation Current
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciationCurrent
|
226698000 | usd |
CY2023Q4 | kplt |
Property Subject To Or Available For Operating Lease Accumulated Depreciation Current
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciationCurrent
|
231473000 | usd |
CY2024Q3 | kplt |
Property Subject To Or Available For Operating Lease Net Current
PropertySubjectToOrAvailableForOperatingLeaseNetCurrent
|
54823000 | usd |
CY2023Q4 | kplt |
Property Subject To Or Available For Operating Lease Net Current
PropertySubjectToOrAvailableForOperatingLeaseNetCurrent
|
59335000 | usd |
CY2024Q3 | kplt |
Property Subject To Or Available For Operating Lease Depreciation
PropertySubjectToOrAvailableForOperatingLeaseDepreciation
|
33599000 | usd |
CY2023Q3 | kplt |
Property Subject To Or Available For Operating Lease Depreciation
PropertySubjectToOrAvailableForOperatingLeaseDepreciation
|
31195000 | usd |
kplt |
Property Subject To Or Available For Operating Lease Depreciation
PropertySubjectToOrAvailableForOperatingLeaseDepreciation
|
101800000 | usd | |
kplt |
Property Subject To Or Available For Operating Lease Depreciation
PropertySubjectToOrAvailableForOperatingLeaseDepreciation
|
91655000 | usd | |
CY2024Q3 | kplt |
Property Subject To Or Available For Operating Lease Property Buyouts Net Lessor Asset Under Operating Lease
PropertySubjectToOrAvailableForOperatingLeasePropertyBuyoutsNetLessorAssetUnderOperatingLease
|
6748000 | usd |
CY2023Q3 | kplt |
Property Subject To Or Available For Operating Lease Property Buyouts Net Lessor Asset Under Operating Lease
PropertySubjectToOrAvailableForOperatingLeasePropertyBuyoutsNetLessorAssetUnderOperatingLease
|
6069000 | usd |
kplt |
Property Subject To Or Available For Operating Lease Property Buyouts Net Lessor Asset Under Operating Lease
PropertySubjectToOrAvailableForOperatingLeasePropertyBuyoutsNetLessorAssetUnderOperatingLease
|
21505000 | usd | |
kplt |
Property Subject To Or Available For Operating Lease Property Buyouts Net Lessor Asset Under Operating Lease
PropertySubjectToOrAvailableForOperatingLeasePropertyBuyoutsNetLessorAssetUnderOperatingLease
|
19365000 | usd | |
CY2024Q3 | kplt |
Property Subject To Or Available For Operating Lease Impairment Charge
PropertySubjectToOrAvailableForOperatingLeaseImpairmentCharge
|
5453000 | usd |
CY2023Q3 | kplt |
Property Subject To Or Available For Operating Lease Impairment Charge
PropertySubjectToOrAvailableForOperatingLeaseImpairmentCharge
|
4895000 | usd |
kplt |
Property Subject To Or Available For Operating Lease Impairment Charge
PropertySubjectToOrAvailableForOperatingLeaseImpairmentCharge
|
17021000 | usd | |
kplt |
Property Subject To Or Available For Operating Lease Impairment Charge
PropertySubjectToOrAvailableForOperatingLeaseImpairmentCharge
|
15494000 | usd | |
CY2024Q3 | kplt |
Property Subject To Or Available For Operating Lease Other
PropertySubjectToOrAvailableForOperatingLeaseOther
|
2558000 | usd |
CY2023Q3 | kplt |
Property Subject To Or Available For Operating Lease Other
PropertySubjectToOrAvailableForOperatingLeaseOther
|
1183000 | usd |
kplt |
Property Subject To Or Available For Operating Lease Other
PropertySubjectToOrAvailableForOperatingLeaseOther
|
5540000 | usd | |
kplt |
Property Subject To Or Available For Operating Lease Other
PropertySubjectToOrAvailableForOperatingLeaseOther
|
4710000 | usd | |
CY2024Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
48358000 | usd |
CY2023Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
43342000 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
145866000 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
131224000 | usd | |
CY2024Q3 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
4023000 | usd |
CY2023Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
4183000 | usd |
CY2024Q3 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
14949000 | usd |
CY2023Q4 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
14527000 | usd |
CY2024Q3 | kplt |
Unfunded Lease Payable Current
UnfundedLeasePayableCurrent
|
2313000 | usd |
CY2023Q4 | kplt |
Unfunded Lease Payable Current
UnfundedLeasePayableCurrent
|
3578000 | usd |
CY2024Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
149000 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
140000 | usd |
CY2024Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1823000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1718000 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
23257000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
24146000 | usd |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2400000 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
25900000 | usd |
CY2024Q3 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
4400000 | usd |
kplt |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
|
2 | plan | |
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1500000 | usd |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1400000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4400000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5700000 | usd | |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
50000.00 | usd |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
20000.00 | usd |
CY2024Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0061 | |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0066 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
110000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
50000.00 | usd | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0075 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0029 | ||
CY2024Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1089905 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1089905 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1225840 | shares | |
CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1225840 | shares |
CY2024Q3 | us-gaap |
Litigation Reserve Current
LitigationReserveCurrent
|
2250000 | usd |
CY2024Q3 | us-gaap |
Litigation Reserve Noncurrent
LitigationReserveNoncurrent
|
750000 | usd |
us-gaap |
Litigation Settlement Loss
LitigationSettlementLoss
|
3000000 | usd | |
CY2024Q3 | us-gaap |
Litigation Settlement Loss
LitigationSettlementLoss
|
3000000 | usd |
CY2024Q2 | us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
12000000 | usd |
CY2024Q2 | kplt |
Litigation Settlement Amount Awarded To Other Party Cash Component
LitigationSettlementAmountAwardedToOtherPartyCashComponent
|
8500000 | usd |
CY2024Q2 | kplt |
Litigation Settlement Amount Awarded To Other Party Settlement Shares And Additional Component
LitigationSettlementAmountAwardedToOtherPartySettlementSharesAndAdditionalComponent
|
3500000 | usd |
CY2023Q4 | us-gaap |
Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
|
5000000 | usd |
CY2024Q3 | us-gaap |
Litigation Reserve Current
LitigationReserveCurrent
|
2250000 | usd |
CY2024Q3 | us-gaap |
Litigation Reserve Noncurrent
LitigationReserveNoncurrent
|
750000 | usd |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |