2021 Q4 Form 10-Q Financial Statement

#000143774921026642 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $6.116M $4.143M $3.544M
YoY Change 50.64% 16.91% -63.36%
Cost Of Revenue $5.171M $3.947M $3.852M
YoY Change 9.1% 2.45% -48.26%
Gross Profit $944.6K $196.2K -$308.5K
YoY Change -238.91% -163.61% -113.85%
Gross Profit Margin 15.44% 4.74% -8.7%
Selling, General & Admin $3.158M $2.309M $2.268M
YoY Change 25.83% 1.79% 25.0%
% of Gross Profit 334.35% 1176.54%
Research & Development $492.6K $497.8K $256.2K
YoY Change 26.31% 94.28% 35.42%
% of Gross Profit 52.15% 253.7%
Depreciation & Amortization $772.2K $669.2K $840.0K
YoY Change -4.66% -20.33% 180.0%
% of Gross Profit 81.75% 341.04%
Operating Expenses $3.651M $2.806M $2.524M
YoY Change 25.46% 11.18% 25.99%
Operating Profit -$2.706M -$2.610M -$2.833M
YoY Change -24.62% -7.86% -1364.16%
Interest Expense $316.8K -$17.29K $41.39K
YoY Change -158.67% -141.78% 11116.26%
% of Operating Profit
Other Income/Expense, Net -$291.4K -$309.4K -$1.057M
YoY Change -70.72% -344.46%
Pretax Income -$2.681M -$2.920M -$3.890M
YoY Change -34.45% -24.94% -692.59%
Income Tax -$15.39K -$15.69K -$16.11K
% Of Pretax Income
Net Earnings -$2.665M -$2.904M -$3.873M
YoY Change -27.37% -25.03% -690.14%
Net Earnings / Revenue -43.58% -70.09% -109.3%
Basic Earnings Per Share -$0.13 -$0.18
Diluted Earnings Per Share -$125.2K -$134.8K -$0.18
COMMON SHARES
Basic Shares Outstanding 21.29M 21.78M 21.65M
Diluted Shares Outstanding 21.77M 21.65M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.36M $19.19M $12.98M
YoY Change 30.75% 47.86% 30.32%
Cash & Equivalents $15.36M $20.69M $11.75M
Short-Term Investments
Other Short-Term Assets $3.418M $2.186M $2.190M
YoY Change 34.04% -0.18% 16.49%
Inventory $5.421M $5.117M $5.967M
Prepaid Expenses
Receivables $1.958M $2.234M $3.637M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $28.07M $30.67M $27.77M
YoY Change 9.4% 10.44% -0.56%
LONG-TERM ASSETS
Property, Plant & Equipment $8.859M $9.345M $6.754M
YoY Change -14.17% 38.36% 142.67%
Goodwill $240.3K $245.5K $247.9K
YoY Change -7.68% -0.97% -59.05%
Intangibles $334.7K $370.0K $456.9K
YoY Change -30.27% -19.02%
Long-Term Investments
YoY Change
Other Assets $628.1K $517.9K $520.0K
YoY Change 14.2% -0.41% 8.33%
Total Long-Term Assets $16.99M $17.73M $12.80M
YoY Change 2.61% 38.49% 55.92%
TOTAL ASSETS
Total Short-Term Assets $28.07M $30.67M $27.77M
Total Long-Term Assets $16.99M $17.73M $12.80M
Total Assets $45.05M $48.39M $40.57M
YoY Change 6.74% 19.29% 12.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.647M $2.024M $1.690M
YoY Change -29.33% 19.76% -54.32%
Accrued Expenses $4.686M $4.363M $4.989M
YoY Change -4.56% -12.54% 37.7%
Deferred Revenue $914.8K $908.2K $1.428M
YoY Change -20.6% -36.39% 22.47%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.774M $6.260M $40.00K
YoY Change 2149.7% 15549.33%
Total Short-Term Liabilities $16.87M $14.34M $9.115M
YoY Change 71.86% 57.28% -11.84%
LONG-TERM LIABILITIES
Long-Term Debt $6.187M $11.07M $150.0K
YoY Change 7277.12%
Other Long-Term Liabilities $346.9K $564.6K $4.030M
YoY Change -85.99% 88.32%
Total Long-Term Liabilities $15.41M $18.36M $4.488M
YoY Change 103.41% 309.08% 90.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.87M $14.34M $9.115M
Total Long-Term Liabilities $15.41M $18.36M $4.488M
Total Liabilities $32.28M $32.70M $13.60M
YoY Change 85.6% 140.36% 7.16%
SHAREHOLDERS EQUITY
Retained Earnings -$53.18M -$50.52M -$38.38M
YoY Change 26.46% 31.62% 22.04%
Common Stock $21.29K $21.29K $21.66K
YoY Change -1.71% -1.71% 5.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.77M $15.70M $26.97M
YoY Change
Total Liabilities & Shareholders Equity $45.05M $48.39M $40.57M
YoY Change 6.74% 19.29% 12.27%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$2.665M -$2.904M -$3.873M
YoY Change -27.37% -25.03% -690.14%
Depreciation, Depletion And Amortization $772.2K $669.2K $840.0K
YoY Change -4.66% -20.33% 180.0%
Cash From Operating Activities -$2.796M -$3.498M -$1.830M
YoY Change 39.79% 91.14% -432.73%
INVESTING ACTIVITIES
Capital Expenditures -$201.1K -$213.9K -$740.0K
YoY Change -77.15% -71.09% 311.11%
Acquisitions
YoY Change
Other Investing Activities $3.690K -$321.6K -$300.0K
YoY Change -96.31% 7.19% -73.45%
Cash From Investing Activities -$197.4K -$535.5K -$1.040M
YoY Change -74.69% -48.51% -20.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -92.81K -95.02K -70.00K
YoY Change 828.1% 35.74% -12.5%
NET CHANGE
Cash From Operating Activities -2.796M -3.498M -1.830M
Cash From Investing Activities -197.4K -535.5K -1.040M
Cash From Financing Activities -92.81K -95.02K -70.00K
Net Change In Cash -3.086M -4.128M -2.940M
YoY Change 10.61% 40.42% 250.0%
FREE CASH FLOW
Cash From Operating Activities -$2.796M -$3.498M -$1.830M
Capital Expenditures -$201.1K -$213.9K -$740.0K
Free Cash Flow -$2.595M -$3.284M -$1.090M
YoY Change 131.67% 201.28% -249.32%

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us-gaap Net Income Loss
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CY2021Q3 us-gaap Earnings Per Share Basic And Diluted
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-0.13
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.18
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.39
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2021Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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21540688
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21653514
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21661945
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21059251
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-2903956 USD
CY2020Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
-8461493 USD
us-gaap Net Income Loss
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CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1422294 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1547311 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1666112 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3507850 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2451125 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-10008804 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4467619 USD
CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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102388 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1311521 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-2459429 USD
CY2021Q1 us-gaap Stockholders Equity
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21149753 USD
CY2021Q2 liqt Stock Issued During Period Value Issued For Commitment Fee
StockIssuedDuringPeriodValueIssuedForCommitmentFee
531729 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
125076 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
368104 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
19076554 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
127519 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-603894 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-2903956 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
15696223 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
23005531 USD
CY2020Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
45000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
96222 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-495959 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
303499 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
22954293 USD
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
82335 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
739777 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-2563811 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
25956642 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
3476250 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
81923 USD
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
18500 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
46681 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1422294 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-3873419 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
26965025 USD
us-gaap Net Income Loss
NetIncomeLoss
-8461493 USD
us-gaap Net Income Loss
NetIncomeLoss
-6133731 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1968011 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2019147 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
543933 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
47650 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
767300 USD
us-gaap Share Based Compensation
ShareBasedCompensation
354983 USD
us-gaap Share Based Compensation
ShareBasedCompensation
270238 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
46687 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1126 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-741514 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2635995 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-94319 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
901250 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-301573 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-628368 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-2656388 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-299949 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
82756 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-188035 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2646520 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
599086 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1451421 USD
liqt Increase Decrease In Operating Lease Payments
IncreaseDecreaseInOperatingLeasePayments
-755503 USD
liqt Increase Decrease In Operating Lease Payments
IncreaseDecreaseInOperatingLeasePayments
-565209 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-184447 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-6242 USD
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
4053402 USD
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
5530636 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4408091 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-603095 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
932293 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2904169 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
-0 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
23932 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1126 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
321574 USD
us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
301573 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1252741 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3229674 USD
liqt Proceeds Payments On Finance Lease Obligation
ProceedsPaymentsOnFinanceLeaseObligation
-287526 USD
liqt Proceeds Payments On Finance Lease Obligation
ProceedsPaymentsOnFinanceLeaseObligation
-26120 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
14283333 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
18500 USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
2575000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4662125 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13995807 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7229505 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-907085 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1311881 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7427890 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4708617 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13264449 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9783932 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20692339 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14492549 USD
us-gaap Interest Paid Net
InterestPaidNet
483321 USD
us-gaap Interest Paid Net
InterestPaidNet
83014 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
531729 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt; text-indent: 36pt;"><b>Reclassification</b> – Certain amounts presented in previously issued financial statements have been reclassified to be consistent with the current period presentation. In the statement of operations and comprehensive loss, the Company has reclassified the prior year comparative amounts of general and administrative expenses and other expenses to be consistent with the current classification.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1500000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1515620 USD
CY2021Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
14750644 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
498044 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
612434 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
75680 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
320270 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
24699 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
484265 USD
us-gaap Allowance For Loan And Lease Losses Foreign Currency Translation
AllowanceForLoanAndLeaseLossesForeignCurrencyTranslation
-29868 USD
CY2020 us-gaap Allowance For Loan And Lease Losses Foreign Currency Translation
AllowanceForLoanAndLeaseLossesForeignCurrencyTranslation
49605 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
519157 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
498044 USD
us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt; text-indent: 36pt;"><b>Property and Equipment</b> <b>--</b> Property and equipment are stated at cost. Expenditures for major renewals and betterments that extend the useful lives of property and equipment are capitalized upon being placed in service. Expenditures for maintenance and repairs are charged to expense as incurred. Depreciation is computed for financial statement purposes on a straight-line basis over the estimated useful lives of the assets, which range from <span style="-sec-ix-hidden:c79139826">three</span> to <span style="-sec-ix-hidden:c79139827">fifteen</span> years.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4142954 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3543730 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
12157394 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
18467057 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4142954 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3543730 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
12157394 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
18467057 USD
liqt Contract With Customer Costs Incurred
ContractWithCustomerCostsIncurred
4458227 USD
CY2020 liqt Contract With Customer Costs Incurred
ContractWithCustomerCostsIncurred
3997161 USD
CY2021Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
419112 USD
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
1015977 USD
CY2021Q3 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
412733 USD
CY2020Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
446608 USD
CY2021Q3 us-gaap Other Receivables
OtherReceivables
90908 USD
CY2020Q4 us-gaap Other Receivables
OtherReceivables
75010 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
3731079 USD
CY2020 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
3112118 USD
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
618966 USD
CY2020 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
866680 USD
CY2021Q3 liqt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
1030935 USD
CY2020Q4 liqt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
1555958 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1939107 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2708136 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
908172 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1152178 USD
CY2021Q3 liqt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
1030935 USD
CY2020Q4 liqt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
1555958 USD
CY2021Q3 us-gaap Advertising Expense
AdvertisingExpense
41141 USD
CY2020Q3 us-gaap Advertising Expense
AdvertisingExpense
20522 USD
us-gaap Advertising Expense
AdvertisingExpense
166376 USD
us-gaap Advertising Expense
AdvertisingExpense
82545 USD
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
497823 USD
CY2020Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
256239 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1370059 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
883752 USD
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt; text-indent: 36pt;"><b>Accounting Estimates</b> <b>--</b> The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets including accounts receivable; allowance for doubtful accounts; contract assets; reserve for excess and obsolete inventory; depreciation and impairment of property, plant and equipment; goodwill; liabilities including contract liabilities and contingencies; the disclosures of contingent assets and liabilities at the date of the financial statements; and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimated.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
380381 USD
CY2020Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
471622 USD
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
2454919 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1955713 USD
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1798152 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2394481 USD
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1106125 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1424171 USD
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
622215 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
723949 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
5117362 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
5522038 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
356899 USD
liqt Finance Lease Expense
FinanceLeaseExpense
195174 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
766896 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7246422 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4947734 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
781235 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1026235 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6485282 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4159225 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
7266517 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5185460 USD
CY2021Q3 liqt Property And Equipment Under Finance Lease Gross
PropertyAndEquipmentUnderFinanceLeaseGross
4545747 USD
CY2020Q4 liqt Property And Equipment Under Finance Lease Gross
PropertyAndEquipmentUnderFinanceLeaseGross
4819201 USD
CY2021Q3 liqt Property And Equipment Under Finance Lease Accumulated Depreciation
PropertyAndEquipmentUnderFinanceLeaseAccumulatedDepreciation
1432478 USD
CY2020Q4 liqt Property And Equipment Under Finance Lease Accumulated Depreciation
PropertyAndEquipmentUnderFinanceLeaseAccumulatedDepreciation
1389488 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3113269 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3429713 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
379726 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
394839 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2650139 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3112496 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
3029865 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3507335 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M24D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065 pure
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062 pure
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.028 pure
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.028 pure
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
297557 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
115213 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1264956 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
459223 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1284566 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
454417 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1130863 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
455396 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
835749 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
451685 USD
CY2021Q3 liqt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
4843246 USD
CY2021Q3 liqt Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
1410832 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9656937 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3346766 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2390420 USD
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
316901 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
7266517 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
3029865 USD
CY2021Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1550000 USD
CY2021Q3 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
483128 USD
CY2021Q3 us-gaap Security Deposit
SecurityDeposit
1500000 USD
CY2021Q2 liqt Stock Issued During Period Shares Issued For Commitment Fee
StockIssuedDuringPeriodSharesIssuedForCommitmentFee
80000
CY2021Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 USD
CY2020Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3860 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
218 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10844 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1056613 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
813288 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
79972 USD
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
348241 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
132360 USD
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
199624 USD
liqt Standard And Extended Product Warranty Accrual Decrease For Expiration
StandardAndExtendedProductWarrantyAccrualDecreaseForExpiration
0 USD
CY2020 liqt Standard And Extended Product Warranty Accrual Decrease For Expiration
StandardAndExtendedProductWarrantyAccrualDecreaseForExpiration
0 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
58302 USD
CY2020 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-94708 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
945923 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1056613 USD
us-gaap Net Income Loss
NetIncomeLoss
-8461493 USD
us-gaap Net Income Loss
NetIncomeLoss
-6133731 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21661945
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21059251
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21661945
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21059251
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21285706
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21655461
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2500000
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q2 liqt Stock Issued During Period Shares Issued For Commitment Fee
StockIssuedDuringPeriodSharesIssuedForCommitmentFee
80000
CY2021Q3 liqt Class Of Warrant Or Right Issued By Exchange Shares
ClassOfWarrantOrRightIssuedByExchangeShares
500000
CY2020Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
515000
CY2020Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.00
CY2020Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
515000
liqt Class Of Warrant Or Right Issued By Exchange Shares
ClassOfWarrantOrRightIssuedByExchangeShares
500000
liqt Class Of Warrant Or Right Exercised Or Converted During Period
ClassOfWarrantOrRightExercisedOrConvertedDuringPeriod
0
CY2021Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1015000
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4142954 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3543730 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
12157394 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
18467057 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-2903956 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-3873419 USD
us-gaap Net Income Loss
NetIncomeLoss
-8461493 USD
us-gaap Net Income Loss
NetIncomeLoss
-6133731 USD
CY2021Q3 us-gaap Assets
Assets
48393553 USD
CY2020Q4 us-gaap Assets
Assets
42210137 USD

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