2024 Q3 Form 10-Q Financial Statement

#000149315224046462 Filed on November 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $669.2K $1.240M
YoY Change -46.01% 1.23%
Cost Of Revenue $107.3K $333.3K
YoY Change -67.82% -35.05%
Gross Profit $609.4K $906.2K
YoY Change -32.75% 27.41%
Gross Profit Margin 91.07% 73.11%
Selling, General & Admin $1.608M $1.850M
YoY Change -13.11% 365.49%
% of Gross Profit 263.82% 204.19%
Research & Development $62.80K $75.43K
YoY Change -16.74%
% of Gross Profit 10.31% 8.32%
Depreciation & Amortization $238.6K $86.17K
YoY Change 176.93% 1.55%
% of Gross Profit 39.16% 9.51%
Operating Expenses $2.315M $2.003M
YoY Change 15.61% 315.16%
Operating Profit -$1.706M -$1.096M
YoY Change 55.59% -578.95%
Interest Expense $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $80.63K $0.00
YoY Change
Pretax Income -$1.625M -$1.096M
YoY Change 48.24% -600.83%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.625M -$1.096M
YoY Change 48.24% -634.6%
Net Earnings / Revenue -242.87% -88.45%
Basic Earnings Per Share -$0.13 -$0.13
Diluted Earnings Per Share -$0.13 -$0.13
COMMON SHARES
Basic Shares Outstanding 12.27M shares 8.253M shares
Diluted Shares Outstanding 12.67M shares 7.878M shares

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.122M $8.311M
YoY Change -74.47% 3482.28%
Cash & Equivalents $2.122M $8.311M
Short-Term Investments
Other Short-Term Assets $40.79K $66.94K
YoY Change -39.07%
Inventory $1.831M $2.610M
Prepaid Expenses
Receivables $773.3K $1.656M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.767M $12.64M
YoY Change -62.3% 299.81%
LONG-TERM ASSETS
Property, Plant & Equipment $1.258M $760.6K
YoY Change 65.46% 22.86%
Goodwill
YoY Change
Intangibles $4.027M
YoY Change
Long-Term Investments $316.4K
YoY Change
Other Assets $66.94K
YoY Change 533.26%
Total Long-Term Assets $5.854M $4.145M
YoY Change 41.25% 3.69%
TOTAL ASSETS
Total Short-Term Assets $4.767M $12.64M
Total Long-Term Assets $5.854M $4.145M
Total Assets $10.62M $16.79M
YoY Change -36.74% 134.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $533.9K $233.3K
YoY Change 128.84% 17.66%
Accrued Expenses $30.08K $352.4K
YoY Change -91.46% 81.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $886.8K $585.7K
YoY Change 51.42% 17.68%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $46.35K $236.1K
YoY Change -80.37% 20.47%
Total Long-Term Liabilities $46.35K $236.1K
YoY Change -80.37% 20.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $886.8K $585.7K
Total Long-Term Liabilities $46.35K $236.1K
Total Liabilities $933.1K $821.8K
YoY Change 13.55% 18.46%
SHAREHOLDERS EQUITY
Retained Earnings -$8.341M -$3.228M
YoY Change 158.42% -374.86%
Common Stock $13.83K $82.53K
YoY Change -83.24% 69.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.24K
YoY Change
Treasury Stock Shares
Shareholders Equity $9.688M $15.97M
YoY Change
Total Liabilities & Shareholders Equity $10.62M $16.79M
YoY Change -36.74% 134.49%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$1.625M -$1.096M
YoY Change 48.24% -634.6%
Depreciation, Depletion And Amortization $238.6K $86.17K
YoY Change 176.93% 1.55%
Cash From Operating Activities -$3.189M -$395.7K
YoY Change 706.0% 10.0%
INVESTING ACTIVITIES
Capital Expenditures $88.88K $135.6K
YoY Change -34.44% -4501.95%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$88.88K -$135.6K
YoY Change -34.44% 4301.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.652M -1.050M
YoY Change -352.6% -2019.21%
NET CHANGE
Cash From Operating Activities -3.189M -395.7K
Cash From Investing Activities -88.88K -135.6K
Cash From Financing Activities 2.652M -1.050M
Net Change In Cash -625.9K -1.581M
YoY Change -60.42% 413.22%
FREE CASH FLOW
Cash From Operating Activities -$3.189M -$395.7K
Capital Expenditures $88.88K $135.6K
Free Cash Flow -$3.278M -$531.3K
YoY Change 517.04% 48.96%

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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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LASE Increase Decrease In Deposit
IncreaseDecreaseInDeposit
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us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
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PaymentsToAcquireMachineryAndEquipment
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us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
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us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
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LASE Payments To Acquire Licenses And Patents
PaymentsToAcquireLicensesAndPatents
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us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
34069 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
225783 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
19707 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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LASE Corrections Of Stock Compensation
CorrectionsOfStockCompensation
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us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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12181799 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2121760 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8310518 usd
LASE Share Issued For Purchase Of License
ShareIssuedForPurchaseOfLicense
6615000 usd
LASE Common Stock To Be Issued For Cashless Exercise Of Warrants
CommonStockToBeIssuedForCashlessExerciseOfWarrants
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2652350 usd
CY2024Q3 LASE Stock Issued During Period Value Cashless Exercise Of Warrants
StockIssuedDuringPeriodValueCashlessExerciseOfWarrants
0 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
9687668 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
15194989 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 LASE Correction Of Stock Compensation Related Errors
CorrectionOfStockCompensationRelatedErrors
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CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
14228630 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
33336 usd
us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
6615000 usd
us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
6615000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2652350 usd
LASE Stock Issued During Period Value Cashless Exercise Of Warrants
StockIssuedDuringPeriodValueCashlessExerciseOfWarrants
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
-2831608 usd
us-gaap Net Income Loss
NetIncomeLoss
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LASE Correction Of Stock Compensation Related Errors
CorrectionOfStockCompensationRelatedErrors
71250 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
14228630 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
14228630 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Cost Of Revenue
CostOfRevenue
887086 usd
us-gaap Gross Profit
GrossProfit
2057751 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Salaries And Wages
SalariesAndWages
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us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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NetIncomeLoss
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EarningsPerShareBasic
-0.36
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EarningsPerShareDiluted
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NetIncomeLoss
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
36083 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
106 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
30034 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
124833 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
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LASE Payments For Licenses Patents
PaymentsForLicensesPatents
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LASE Proceeds From Leashold Improvments
ProceedsFromLeasholdImprovments
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us-gaap Payments For Software
PaymentsForSoftware
34069 usd
LASE Payments To Long Term Assets
PaymentsToLongTermAssets
-0 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-325580 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
LASE Proceeds From Repayments Of Additional Paid In Capital
ProceedsFromRepaymentsOfAdditionalPaidInCapital
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-3871281 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12181799 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8310518 usd
LASE Common Stock Issued To Pay Compensation For Marketing
CommonStockIssuedToPayCompensationForMarketing
0 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1303205 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
333325 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
969880 usd
CY2023Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
677026 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
608647 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
152210 usd
CY2023Q3 us-gaap Salaries And Wages
SalariesAndWages
347461 usd
CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
75430 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
1860774 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-890894 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4215 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-895109 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-895109 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2024Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
533938 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
223040 usd
CY2024Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
116564 usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
213114 usd
CY2024Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
981266 usd
CY2024Q3 LASE Allowance Estimated Credit Losses
AllowanceEstimatedCreditLosses
207971 usd
CY2024Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
969356 usd
CY2023Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
862940 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
908327 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
992744 usd
CY2023Q4 LASE Inventory Sales Demo
InventorySalesDemo
162958.00 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
234226 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
243029 usd
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
281184 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
24216 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
1830725 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
2237455 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1146616 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
729956 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1258488 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
952811 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
978395 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
725228 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4026820 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4279987 usd
CY2024Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
132819 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
91062 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
292513 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
272733 usd
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13832395 shares
CY2024Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
3000000.0 usd
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1500000 shares
CY2024Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.34
CY2024Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
1683867 usd
CY2024Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
61968 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2024Q3 us-gaap Investment Owned Balance Shares
InvestmentOwnedBalanceShares
626918 shares
CY2022Q4 us-gaap Investment Owned Balance Shares
InvestmentOwnedBalanceShares
4688695 shares
CY2021Q4 us-gaap Area Of Land
AreaOfLand
18000
CY2021Q4 us-gaap Variable Lease Payment
VariableLeasePayment
15109 usd
CY2023Q4 us-gaap Area Of Land
AreaOfLand
8000
CY2023Q4 us-gaap Variable Lease Payment
VariableLeasePayment
10000 usd
CY2021Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
25109 usd
CY2022Q4 us-gaap Area Of Land
AreaOfLand
8000
CY2022Q4 us-gaap Variable Lease Payment
VariableLeasePayment
14805 usd
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
597143 usd
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
434153 usd
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
162990 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
252558 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
206212 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
46346 usd
CY2024Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
93553 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
159005 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
252558 usd

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