2023 Q3 Form 10-Q Financial Statement

#000143774923023143 Filed on August 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $5.070M $4.990M
YoY Change 53.39% -0.56%
Cost Of Revenue $4.122M $3.827M
YoY Change 28.88% -21.41%
Gross Profit $948.6K $1.163M
YoY Change 784.2% 684.75%
Gross Profit Margin 18.71% 23.3%
Selling, General & Admin $2.219M $2.406M
YoY Change 5.37% -2.29%
% of Gross Profit 233.91% 206.94%
Research & Development $428.6K $359.8K
YoY Change 51.17% -26.7%
% of Gross Profit 45.18% 30.95%
Depreciation & Amortization $800.0K $773.7K
YoY Change 38.8% -17.46%
% of Gross Profit 84.34% 66.55%
Operating Expenses $2.647M $2.765M
YoY Change 10.9% -41.68%
Operating Profit -$1.699M -$1.603M
YoY Change -25.49% -65.1%
Interest Expense $360.0K $120.1K
YoY Change -40.15% -175.49%
% of Operating Profit
Other Income/Expense, Net $270.1K $33.35K
YoY Change -47.45% -101.73%
Pretax Income -$1.429M -$1.570M
YoY Change -19.1% -75.93%
Income Tax -$14.48K -$14.32K
% Of Pretax Income
Net Earnings -$1.414M -$1.555M
YoY Change -19.31% -76.1%
Net Earnings / Revenue -27.89% -31.17%
Basic Earnings Per Share -$0.25 -$0.27
Diluted Earnings Per Share -$0.25 -$0.27
COMMON SHARES
Basic Shares Outstanding 5.700M 45.27M
Diluted Shares Outstanding 5.706M 5.660M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.93M $11.13M
YoY Change -32.91% -37.77%
Cash & Equivalents $11.83M $12.59M
Short-Term Investments
Other Short-Term Assets $2.610M $4.980M
YoY Change -34.23% -5.17%
Inventory $4.556M $4.423M
Prepaid Expenses
Receivables $3.884M $2.960M
Other Receivables $0.00 $0.00
Total Short-Term Assets $24.57M $25.90M
YoY Change -17.67% -23.34%
LONG-TERM ASSETS
Property, Plant & Equipment $8.641M $7.526M
YoY Change 25.64% 4.4%
Goodwill $224.0K $230.0K
YoY Change 8.38% 4.5%
Intangibles $135.4K $165.0K
YoY Change -37.96% -35.87%
Long-Term Investments
YoY Change
Other Assets $450.0K $457.1K
YoY Change 15.2% -21.59%
Total Long-Term Assets $12.27M $11.43M
YoY Change 13.51% -2.66%
TOTAL ASSETS
Total Short-Term Assets $24.57M $25.90M
Total Long-Term Assets $12.27M $11.43M
Total Assets $36.84M $37.32M
YoY Change -9.38% -18.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.230M $1.963M
YoY Change 37.87% 2.19%
Accrued Expenses $3.848M $2.999M
YoY Change 11.63% -33.14%
Deferred Revenue $540.2K $878.2K
YoY Change -14.96% 47.56%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $560.0K $413.5K
YoY Change 74.03% 20.02%
Total Short-Term Liabilities $7.729M $6.843M
YoY Change 18.32% -13.36%
LONG-TERM LIABILITIES
Long-Term Debt $7.440M $7.868M
YoY Change 1.83% 5.48%
Other Long-Term Liabilities $2.280M $2.458M
YoY Change
Total Long-Term Liabilities $9.834M $10.45M
YoY Change -2.34% -0.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.729M $6.843M
Total Long-Term Liabilities $9.834M $10.45M
Total Liabilities $17.56M $17.30M
YoY Change 5.79% -6.26%
SHAREHOLDERS EQUITY
Retained Earnings -$72.71M -$71.30M
YoY Change 11.54% 12.39%
Common Stock $5.727K $5.700K
YoY Change -86.95% -87.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.28M $20.02M
YoY Change
Total Liabilities & Shareholders Equity $36.84M $37.32M
YoY Change -9.38% -18.01%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$1.414M -$1.555M
YoY Change -19.31% -76.1%
Depreciation, Depletion And Amortization $800.0K $773.7K
YoY Change 38.8% -17.46%
Cash From Operating Activities $790.0K -$1.471M
YoY Change -275.28% -75.47%
INVESTING ACTIVITIES
Capital Expenditures $1.970M $203.0K
YoY Change -450.13% -533.39%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$1.970M -$203.0K
YoY Change 250.11% 339.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 920.0K -101.2K
YoY Change -904.06% -100.7%
NET CHANGE
Cash From Operating Activities 790.0K -1.471M
Cash From Investing Activities -1.970M -203.0K
Cash From Financing Activities 920.0K -101.2K
Net Change In Cash -260.0K -1.776M
YoY Change -76.95% -121.23%
FREE CASH FLOW
Cash From Operating Activities $790.0K -$1.471M
Capital Expenditures $1.970M $203.0K
Free Cash Flow -$1.180M -$1.674M
YoY Change -1154.04% -71.86%

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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4012187
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5656809
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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157173 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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408596 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2023Q2 liqt Stock Issued During Period Value Fractional Shares For Reverse Stock Split
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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193924 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
20024478 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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178778 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
24453528 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
664704 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
221472 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-614575 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-6507059 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
27069393 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-10253483 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1530282 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1683679 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
171318 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2219956 usd
us-gaap Share Based Compensation
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351097 usd
us-gaap Share Based Compensation
ShareBasedCompensation
400250 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
28613 usd
liqt Gain Loss On Lease Termination
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liqt Gain Loss On Lease Termination
GainLossOnLeaseTermination
153575 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
661 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
606781 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
660578 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
289557 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
504315 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
113442 usd
us-gaap Increase Decrease In Contract With Customer Asset
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1102662 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1061699 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2360975 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
548581 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
432337 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-135214 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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liqt Increase Decrease In Operating Lease Payments
IncreaseDecreaseInOperatingLeasePayments
-279983 usd
liqt Increase Decrease In Operating Lease Payments
IncreaseDecreaseInOperatingLeasePayments
-268816 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
60584 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-41534 usd
us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
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us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
188109 usd
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-778758 usd
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
290468 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
229865 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
661 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-290468 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-229204 usd
liqt Proceeds Payments On Finance Lease Obligation
ProceedsPaymentsOnFinanceLeaseObligation
-200095 usd
liqt Proceeds Payments On Finance Lease Obligation
ProceedsPaymentsOnFinanceLeaseObligation
-179689 usd
liqt Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
0 usd
liqt Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
24453528 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
6000000 usd
liqt Proceeds From Repayments Of Convertible Debt
ProceedsFromRepaymentsOfConvertibleDebt
0 usd
liqt Proceeds From Repayments Of Convertible Debt
ProceedsFromRepaymentsOfConvertibleDebt
-16800000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-200095 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13473839 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
244569 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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2206342 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16597371 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17489380 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12594689 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
19695722 usd
liqt Interest Paid During Period
InterestPaidDuringPeriod
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liqt Interest Paid During Period
InterestPaidDuringPeriod
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us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Income Taxes Paid
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0 usd
us-gaap Prior Period Reclassification Adjustment Description
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; 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: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"></p>
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
50230 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
59559 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1469032 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1440394 usd
CY2023Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
14711 usd
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
12999271 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
59559 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
409076 usd
us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
10299 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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us-gaap Allowance For Loan And Lease Losses Foreign Currency Translation
AllowanceForLoanAndLeaseLossesForeignCurrencyTranslation
970 usd
CY2022 us-gaap Allowance For Loan And Lease Losses Foreign Currency Translation
AllowanceForLoanAndLeaseLossesForeignCurrencyTranslation
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liqt Contract With Customer Costs Incurred
ContractWithCustomerCostsIncurred
4018416 usd
CY2022 liqt Contract With Customer Costs Incurred
ContractWithCustomerCostsIncurred
3860179 usd
CY2023Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
639790 usd
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
950105 usd
CY2023Q2 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
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CY2022Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
229006 usd
CY2023Q2 us-gaap Other Receivables
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96919 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
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us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
3620906 usd
CY2022 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
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us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
54713 usd
CY2022 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
118327 usd
CY2023Q2 liqt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
1528201 usd
CY2022Q4 liqt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
1603738 usd
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2406402 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2253295 usd
CY2023Q2 us-gaap Inventory Finished Goods
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CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
649557 usd
CY2023Q2 liqt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
1528201 usd
CY2022Q4 liqt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
1603738 usd
CY2023Q2 us-gaap Advertising Expense
AdvertisingExpense
12167 usd
CY2022Q2 us-gaap Advertising Expense
AdvertisingExpense
47904 usd
us-gaap Advertising Expense
AdvertisingExpense
44766 usd
us-gaap Advertising Expense
AdvertisingExpense
103428 usd
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
359784 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
490836 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
702403 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1093573 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1201533 usd
CY2023Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; 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> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"></p>
CY2023Q2 us-gaap Other Inventory Supplies
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62468 usd
CY2022Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
66495 usd
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
2802318 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2474227 usd
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
1153817 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
982973 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
663227 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
4423280 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
4062001 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
268001 usd
liqt Finance Lease Expense
FinanceLeaseExpense
221751 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
378055 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
378055 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3046933 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3271997 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
589127 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
561182 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2457806 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2710815 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
3046933 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3271997 usd
CY2023Q2 liqt Property And Equipment Under Finance Lease Gross
PropertyAndEquipmentUnderFinanceLeaseGross
3944889 usd
CY2022Q4 liqt Property And Equipment Under Finance Lease Gross
PropertyAndEquipmentUnderFinanceLeaseGross
3877955 usd
CY2023Q2 liqt Property And Equipment Under Finance Lease Accumulated Depreciation
PropertyAndEquipmentUnderFinanceLeaseAccumulatedDepreciation
708755 usd
CY2022Q4 liqt Property And Equipment Under Finance Lease Accumulated Depreciation
PropertyAndEquipmentUnderFinanceLeaseAccumulatedDepreciation
544653 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
413505 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
399198 usd
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2216535 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2384011 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2630040 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2783209 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y7M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y7M6D
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061 pure
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.022 pure
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.022 pure
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
378615 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
274966 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
614755 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
550849 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
320444 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
547372 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
309853 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
511546 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
309853 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
511546 usd
CY2023Q2 liqt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
2091506 usd
CY2023Q2 liqt Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
747493 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4025026 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3143772 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
978093 usd
CY2023Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
513732 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
3046933 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2630040 usd
CY2023Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1350000 eur
CY2023Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1480000 usd
CY2023Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
112355 usd
CY2021Q2 liqt Stock Issued During Period Shares Issued For Commitment Fee
StockIssuedDuringPeriodSharesIssuedForCommitmentFee
10000
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
898072 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
962313 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
53274 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
86256 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
277651 usd
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
93653 usd
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-14254 usd
CY2022 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
56844 usd
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
687949 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
898072 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1555292 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-6507059 usd
us-gaap Net Income Loss
NetIncomeLoss
-3944795 usd
us-gaap Net Income Loss
NetIncomeLoss
-10253483 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5660007
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4012187
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5656809
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3344208
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022Q2 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 Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5660007
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4012187
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5656809
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3344208
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
12500000
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5700226
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5498260
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2500000
CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4490104
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
126875
liqt Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
0
liqt Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
4363229
liqt Class Of Warrant Or Right Exercised Or Converted During Period
ClassOfWarrantOrRightExercisedOrConvertedDuringPeriod
0
liqt Class Of Warrant Or Right Exercised Or Converted During Period
ClassOfWarrantOrRightExercisedOrConvertedDuringPeriod
0
CY2023Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4490104
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4490104
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4990019 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5018292 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
9001538 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8655528 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1555292 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-6507059 usd
us-gaap Net Income Loss
NetIncomeLoss
-3944795 usd
us-gaap Net Income Loss
NetIncomeLoss
-10253483 usd
CY2023Q2 us-gaap Assets
Assets
37321712 usd
CY2022Q4 us-gaap Assets
Assets
40125655 usd

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