2023 Q1 Form 10-K Financial Statement

#000149315223010335 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $10.75M $10.63M $50.62M
YoY Change -19.16% 1.44% -8.66%
Cost Of Revenue $8.143M $8.513M $38.70M
YoY Change -10.6% 21.25% 2.12%
Gross Profit $2.609M $2.114M $11.93M
YoY Change -37.75% -38.82% -31.96%
Gross Profit Margin 24.27% 19.89% 23.56%
Selling, General & Admin $5.050M $4.868M $21.15M
YoY Change -1.03% -2.23% 13.46%
% of Gross Profit 193.56% 230.32% 177.31%
Research & Development $1.484M $1.598M $5.825M
YoY Change -3.77% -0.22% -5.51%
% of Gross Profit 56.89% 75.58% 48.84%
Depreciation & Amortization $230.0K $220.5K $403.0K
YoY Change 75.94% -7.41% -57.91%
% of Gross Profit 8.81% 10.43% 3.38%
Operating Expenses $6.535M $6.466M $26.97M
YoY Change -1.67% -1.74% 8.75%
Operating Profit -$3.925M -$4.352M -$15.05M
YoY Change 59.94% 39.23% 106.88%
Interest Expense $145.0K -$132.4K $394.6K
YoY Change -285.64% 242.52% -274.42%
% of Operating Profit
Other Income/Expense, Net -$145.0K $2.300K -$391.9K
YoY Change 85.65% -111.55% -435495.56%
Pretax Income -$4.070M -$4.482M -$15.44M
YoY Change 60.73% 41.64% 338.18%
Income Tax $39.32K $112.3K
% Of Pretax Income
Net Earnings -$4.070M -$4.522M -$15.55M
YoY Change 60.35% 41.87% 333.52%
Net Earnings / Revenue -37.86% -42.55% -30.72%
Basic Earnings Per Share -$2.16 -$0.34
Diluted Earnings Per Share -$2.16 -$0.10 -$0.34
COMMON SHARES
Basic Shares Outstanding 47.19M shares 46.58M shares 46.40M shares
Diluted Shares Outstanding 1.880M shares 46.40M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $800.0K $530.1K $530.1K
YoY Change -92.04% -95.78% -95.78%
Cash & Equivalents $800.0K $530.0K $530.1K
Short-Term Investments
Other Short-Term Assets $940.0K $860.7K $860.7K
YoY Change -17.64% -20.88% -20.88%
Inventory $22.77M $25.42M $25.42M
Prepaid Expenses
Receivables $3.195M $2.758M $2.758M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $27.71M $29.56M $29.56M
YoY Change -41.96% -43.61% -43.61%
LONG-TERM ASSETS
Property, Plant & Equipment $552.2K $637.0K $810.5K
YoY Change -44.86% -16.5% -19.31%
Goodwill
YoY Change
Intangibles $46.26K $73.30K
YoY Change -72.1%
Long-Term Investments
YoY Change
Other Assets $514.2K $511.8K $511.8K
YoY Change -20.34% -6.05% -6.05%
Total Long-Term Assets $1.247M $1.396M $1.396M
YoY Change -35.68% -25.4% -25.4%
TOTAL ASSETS
Total Short-Term Assets $27.71M $29.56M $29.56M
Total Long-Term Assets $1.247M $1.396M $1.396M
Total Assets $28.95M $30.96M $30.96M
YoY Change -41.72% -42.98% -42.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.336M $2.837M $2.837M
YoY Change -34.99% -77.23% -77.23%
Accrued Expenses $4.729M $4.441M $4.592M
YoY Change -2.97% -15.89% -15.34%
Deferred Revenue
YoY Change
Short-Term Debt $3.830M $4.759M $4.759M
YoY Change -45.84% -6.05% -6.05%
Long-Term Debt Due $1.000M $1.000M
YoY Change 12836.61% 2820.56%
Total Short-Term Liabilities $15.65M $13.82M $13.82M
YoY Change -23.91% -40.61% -40.61%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $910.0K $794.3K $794.3K
YoY Change 82.08% 46.47% 46.47%
Total Long-Term Liabilities $910.0K $794.3K $794.3K
YoY Change 82.08% 46.47% 46.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.65M $13.82M $13.82M
Total Long-Term Liabilities $910.0K $794.3K $794.3K
Total Liabilities $16.55M $14.62M $14.62M
YoY Change -21.42% -38.63% -38.63%
SHAREHOLDERS EQUITY
Retained Earnings -$78.90M -$74.80M
YoY Change 26.17%
Common Stock $471.9K $469.5K
YoY Change 2.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.40M $16.34M $16.34M
YoY Change
Total Liabilities & Shareholders Equity $28.95M $30.96M $30.96M
YoY Change -41.72% -42.98% -42.98%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$4.070M -$4.522M -$15.55M
YoY Change 60.35% 41.87% 333.52%
Depreciation, Depletion And Amortization $230.0K $220.5K $403.0K
YoY Change 75.94% -7.41% -57.91%
Cash From Operating Activities $1.300M -$707.4K -$12.20M
YoY Change -130.15% -83.39% -14.52%
INVESTING ACTIVITIES
Capital Expenditures $6.330K $24.05K $276.7K
YoY Change -105.5% -151.09% -146.65%
Acquisitions
YoY Change
Other Investing Activities -$120.0K -$72.37K -$418.4K
YoY Change -23.22% 371.59%
Cash From Investing Activities -$128.5K -$96.41K -$695.0K
YoY Change -52.67% 104.82% 1.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $945.4K -103.9K $824.8K
YoY Change -54.15% -94.77% -96.88%
NET CHANGE
Cash From Operating Activities $1.300M -707.4K -$12.20M
Cash From Investing Activities -$128.5K -96.41K -$695.0K
Cash From Financing Activities $945.4K -103.9K $824.8K
Net Change In Cash $2.117M -907.6K -$12.07M
YoY Change -183.96% -85.58% -204.97%
FREE CASH FLOW
Cash From Operating Activities $1.300M -$707.4K -$12.20M
Capital Expenditures $6.330K $24.05K $276.7K
Free Cash Flow $1.294M -$731.4K -$12.48M
YoY Change -130.82% -82.64% -8.79%

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NonoperatingIncomeExpense
-206149 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-15436896 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2134894 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
112348 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63773 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-15549244 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2198667 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.34
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46399137 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39761121 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
7790470 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2198667 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1167724 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
22730049 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
996937 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
30486513 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-15549244 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
236804 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1170595 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
16344668 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-15549244 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2198667 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
837228 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
957490 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
172060 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
145143 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
71401 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
41586 usd
CY2022 MINM Amortization Of Sales Contract Costs
AmortizationOfSalesContractCosts
75514 usd
CY2021 MINM Amortization Of Sales Contract Costs
AmortizationOfSalesContractCosts
32343 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1170595 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
996937 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
58872 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
67415 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-98489 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
63217 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
1785566 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
643671 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
20000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2220746 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4259454 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-6690515 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
18030117 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-227150 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
188766 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-63044 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
92161 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-9621054 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
862453 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-839265 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2261266 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
670532 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
661826 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-172659 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-145410 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12170073 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14272267 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
276665 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
593120 usd
CY2022 MINM Certification Costs Incurred And Capitalized
CertificationCostsIncurredAndCapitalized
418352 usd
CY2021 MINM Certification Costs Incurred And Capitalized
CertificationCostsIncurredAndCapitalized
88708 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-695017 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-681828 usd
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
-377811 usd
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
5166289 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1000000 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2442246 usd
CY2021 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
142801 usd
CY2022 us-gaap Payments For Proceeds From Deposit On Loan
PaymentsForProceedsFromDepositOnLoan
34237 usd
CY2021 us-gaap Payments For Proceeds From Deposit On Loan
PaymentsForProceedsFromDepositOnLoan
26232 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
236803 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1167724 usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
22730049 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
824755 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26452783 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-12040335 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
11498688 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13070445 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1571757 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1030110 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13070445 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
394615 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
270407 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
88348 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
63773 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
530110 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12570445 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
500000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
500000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1030110 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13070445 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
530000000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-15500000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-15500000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12200000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-74800000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
530000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
500000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
500000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
500000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_842_eus-gaap--ConcentrationRiskCreditRisk_zlyiJnh1zh0j" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_865_zfAJVZuBM3s9">Concentration of Credit Risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash and cash equivalents, restricted cash and accounts receivable. Substantially all the Company’s cash and cash equivalents and restricted cash are held at one financial institution, Silicon Valley Bank, which was placed into receivership by the FDIC on March 9, 2023. On March 10, 2023, the Silicon Valley Bank depositor accounts and loan facilities, including the Company’s bank accounts and line of credit, were transferred to Silicon Valley Bridge Bank. Through Silicon Valley Bridge Bank, the Company’s bank balances are fully insured by the FDIC and the line of credit facility remains operational, allowing the Company to draw from it as required. The Company has not experienced any credit losses on its cash and cash equivalents and restricted cash through December 31, 2022 and has not experienced any credit losses as of the date of filing this Form 10-K</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the year ended December 31, 2022, two customers accounted for 10% or greater individually, and <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_zsBxeG4Ugch7" title="Concentration risk, percentage">87</span>% in the aggregate of the Company’s total net sales. For the year ended December 31, 2021, two customers accounted for 10% or greater individually, and <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_zEaoRvSmlSyh" title="Concentration risk, percentage">92</span>% in the aggregate of the Company’s total net sales. Accounts receivable are unsecured and the Company does not require collateral; however, the Company does assess the collectability of accounts receivable based on a number of factors, including past transaction history with, and the creditworthiness of, the customer. Accordingly, the Company is exposed to credit risk associated with accounts receivable. At December 31, 2022, two customers with an accounts receivable balance of 10% or greater individually accounted for a combined <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_zZ8xQmx7Wz5d" title="Concentration risk, percentage">75</span>% of the Company’s accounts receivable. At December 31, 2021, four customers with an accounts receivable balance of 10% or greater individually accounted for a combined <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--FourCustomersMember_zSJPWrUXda8c">86</span>% of the Company’s accounts receivable. To reduce risk, the Company closely monitors the amounts due from its customers and assesses the financial strength of its customers through a variety of methods that include, but are not limited to, engaging directly with customer operations and leadership personnel, visiting customer locations to observe operating activities, and assessing customer longevity and reputation in the marketplace. As a result, the Company believes that its accounts receivable credit risk exposure is limited.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company depends on many third-party suppliers for key components contained in its product offerings. For some of these components, the Company may only use a single source supplier, in part due to the lack of alternative sources of supply. During 2022 and 2021, the Company had two and one suppliers that provided <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--TwoSuppliersMember_zO9qt0qxaZG6" title="Concentration risk, percentage"><span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--TwoSuppliersMember_zbDOWHpTEs38" title="Concentration risk, percentage">93</span></span>% and <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--OneSupplierMember_zMKNwGoWpzZf" title="Concentration risk percentage"><span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--OneSupplierMember_zQVBaGnpwqcf" title="Concentration risk percentage">97</span></span>%, respectively, of the Company’s purchased inventory.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
59000 usd
CY2022Q4 MINM Capitalized Implementation Costs
CapitalizedImplementationCosts
0 usd
CY2021Q4 MINM Capitalized Implementation Costs
CapitalizedImplementationCosts
0 usd
CY2022Q4 MINM Net Of Accumulated Amortization Of Certification Costs
NetOfAccumulatedAmortizationOfCertificationCosts
402000 usd
CY2021Q4 MINM Net Of Accumulated Amortization Of Certification Costs
NetOfAccumulatedAmortizationOfCertificationCosts
297000 usd
CY2022Q4 MINM Net Of Accumulated Amortization For Longterm Insurance Policies
NetOfAccumulatedAmortizationForLongtermInsurancePolicies
71000 usd
CY2021Q4 MINM Net Of Accumulated Amortization For Longterm Insurance Policies
NetOfAccumulatedAmortizationForLongtermInsurancePolicies
142000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-15549244 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2198667 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46399137 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39761121 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46399137 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39761121 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.34
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
907945 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
799456 shares
CY2022Q4 MINM Sales Return Accrual
SalesReturnAccrual
982000 usd
CY2021Q4 MINM Sales Return Accrual
SalesReturnAccrual
1600000 usd
CY2022Q4 MINM Accrual Promotion Rebate
AccrualPromotionRebate
0 usd
CY2021Q4 MINM Accrual Promotion Rebate
AccrualPromotionRebate
175000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.25 pure
CY2022 us-gaap Advertising Expense
AdvertisingExpense
4000000.0 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
2800000 usd
CY2022 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
452000 usd
CY2021 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
334000 usd
CY2022 MINM Public Offerings And Private Placements Disclosure Text Blcok
PublicOfferingsAndPrivatePlacementsDisclosureTextBlcok
<p id="xdx_808_ecustom--PublicOfferingsAndPrivatePlacementsDisclosureTextBlcok_z4Ln0awUmbF8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(3) <span id="xdx_820_zS6822evj7qb">PUBLIC OFFERINGS AND PRIVATE PLACEMENTS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 28, 2021, the Company entered into an underwriting agreement with B. Riley Securities, Inc., as representative (the “Representative”) of the several underwriters named therein (collectively, the “Underwriters”), pursuant to which the Company agreed to issue and sell an aggregate of <span id="xdx_908_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20210727__20210728__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zk2zDx6mWLe3" title="Sale of stock, number of stock issued">10,000,000</span> shares of the Company’s Common Stock, to the Underwriters (the “Public Offering”). The shares of Common Stock were sold to the public at an offering price of $<span id="xdx_905_eus-gaap--SaleOfStockPricePerShare_iI_pid_c20210728__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zs5xbrHNjdZg" title="Sale of stock price per share">2.50</span> per share and were purchased by the Underwriters from the Company at a price of $<span id="xdx_902_eus-gaap--SaleOfStockPricePerShare_iI_pid_c20210728__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zVZnq0Kma6Aj" title="Sale of stock price per share">2.32715</span> per share. On August 2, 2021, the Company received $<span id="xdx_904_eus-gaap--ProceedsFromIssuanceOfCommonStock_pn5n6_c20210801__20210802__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zlHg8OGlOyy7" title="Proceeds from sale of common stock">22.7</span> million in aggregate net proceeds after deducting Underwriters’ discounts, commissions, and other offering expenses after issuing <span id="xdx_906_eus-gaap--CommonStockSharesIssued_iI_pid_c20210802__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zKMUp6qLWYBb" title="Number of common stock issued">10,000,000</span> shares of the Company’s Common Stock through the Public Offering.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 31pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
262698 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1400000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2758406 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4880663 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
633542 usd
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
291296 usd
CY2022Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
771738 usd
CY2021Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
443452 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
734748 usd
CY2022 MINM Contract With Customer Liability Revenue Recognized Billings
ContractWithCustomerLiabilityRevenueRecognizedBillings
1120627 usd
CY2022 MINM Revenue Recognized
RevenueRecognized
450095 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1405280 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
50622143 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55422526 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
50622143 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55422526 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
122000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
125000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
397133 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
684386 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5842251 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
3919503 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
19175822 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
29287398 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
25415206 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
33891287 usd
CY2022Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
4200000 usd
CY2021Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
4500000 usd
CY2022Q4 us-gaap Other Inventory In Transit
OtherInventoryInTransit
0 usd
CY2021Q4 us-gaap Other Inventory In Transit
OtherInventoryInTransit
6300000 usd
CY2022Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
2500000 usd
CY2021Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
800000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2489750 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2213084 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1852777 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1450266 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
636973 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
762818 usd
CY2022 us-gaap Depreciation
Depreciation
403000 usd
CY2021 us-gaap Depreciation
Depreciation
255000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
316838 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
243537 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73301 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
439273 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
176575 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
35604 usd
CY2022 us-gaap Lease Cost
LeaseCost
211101 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
40054 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17346 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15901 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73301 usd
CY2022Q4 MINM Accrued Inventory Purchases Current And Noncurrent
AccruedInventoryPurchasesCurrentAndNoncurrent
24901 usd
CY2021Q4 MINM Accrued Inventory Purchases Current And Noncurrent
AccruedInventoryPurchasesCurrentAndNoncurrent
287571 usd
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
430358 usd
CY2021Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
210495 usd
CY2022Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
290588 usd
CY2021Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
229597 usd
CY2022Q4 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
1650000 usd
CY2021Q4 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
1588025 usd
CY2022Q4 MINM Accrued Sales Allowances Current And Noncurrent
AccruedSalesAllowancesCurrentAndNoncurrent
1226856 usd
CY2021Q4 MINM Accrued Sales Allowances Current And Noncurrent
AccruedSalesAllowancesCurrentAndNoncurrent
1958050 usd
CY2022Q4 MINM Accrued Sales And Use Tax Current And Noncurrent
AccruedSalesAndUseTaxCurrentAndNoncurrent
113200 usd
CY2021Q4 MINM Accrued Sales And Use Tax Current And Noncurrent
AccruedSalesAndUseTaxCurrentAndNoncurrent
50916 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
704821 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
955263 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
4440724 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
5279917 usd
CY2021Q4 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
9000 usd
CY2021Q4 us-gaap Variable Lease Payment
VariableLeasePayment
5000 usd
CY2021 us-gaap Lease Cost
LeaseCost
187897 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
181361 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
152293 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
29740 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y1M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040 pure
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
172730 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
145410 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
103914 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
299821 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
155379 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
22794 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
178173 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4693 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
173480 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
150968 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22512 usd
CY2022Q4 MINM Future Royalty Payments Due In Year One
FutureRoyaltyPaymentsDueInYearOne
6850000 usd
CY2022Q4 MINM Future Royalty Payments Due In Two Years
FutureRoyaltyPaymentsDueInTwoYears
7100000 usd
CY2022Q4 MINM Future Royalty Payments Due In Three Years
FutureRoyaltyPaymentsDueInThreeYears
7100000 usd
CY2022Q4 MINM Annual Royalty Payment
AnnualRoyaltyPayment
21050000 usd
CY2022 us-gaap Royalty Expense
RoyaltyExpense
6600000 usd
CY2021 us-gaap Royalty Expense
RoyaltyExpense
6350000 usd
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46949240 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
45885043 shares
CY2022 MINM Stock Option Exercise Price Percentage
StockOptionExercisePricePercentage
0.10 pure
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3098163 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.16
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2.43 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
716258 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.48
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
814005 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.45
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
635842 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.28
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2364574 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.47
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y9M18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0.42 usd
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
430815 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.55
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
960591 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.47
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
973168 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.87
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y2M12D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
697884 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.57
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y10M24D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.00
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
140000 usd
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1300000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
710000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1000000.0 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
536000 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y14D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.428 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.758 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.003 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.012 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1223893 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.24
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1223893 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.24
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
851992 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.62
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
633282 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
0.84
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
329726 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
1.39
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1112877 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.95
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1170595 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
996937 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
32069 usd
CY2021 MINM State And Local Tax Expense Benefit
StateAndLocalTaxExpenseBenefit
32069 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
31704 usd
CY2021 MINM Foreign Tax Expense Benefit
ForeignTaxExpenseBenefit
31704 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
63773 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63773 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
59846 usd
CY2022 MINM State And Local Tax Expense Benefit
StateAndLocalTaxExpenseBenefit
59846 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
52502 usd
CY2022 MINM Foreign Tax Expense Benefit
ForeignTaxExpenseBenefit
52502 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
112348 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
112348 usd
CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
1234710 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
889821 usd
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
566403 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
357920 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
484728 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
266665 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
45522 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
14742578 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
15195123 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
39311 usd
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
60059 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
120661 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
65014 usd
CY2022Q4 MINM Deferred Tax Assets Interest Expense Other
DeferredTaxAssetsInterestExpenseOther
187990 usd
CY2021Q4 MINM Deferred Tax Assets Interest Expense Other
DeferredTaxAssetsInterestExpenseOther
74931 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
17839656 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
16491780 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
17839656 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16491780 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
22100000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.20 pure
CY2022 MINM Increase Decrease In State Income Taxes
IncreaseDecreaseInStateIncomeTaxes
1 usd
CY2021 MINM Increase Decrease In State Income Taxes
IncreaseDecreaseInStateIncomeTaxes
-2 usd
CY2022 MINM Increase Decrease In Change In Valuation Allowance
IncreaseDecreaseInChangeInValuationAllowance
9 usd
CY2021 MINM Increase Decrease In Change In Valuation Allowance
IncreaseDecreaseInChangeInValuationAllowance
5 usd
CY2022 MINM Increase Decrease In Expiration
IncreaseDecreaseInExpiration
-13 usd
CY2022 MINM Increase Decrease In Expiration Of Stock Options
IncreaseDecreaseInExpirationOfStockOptions
-1 usd
CY2021 MINM Increase Decrease In Expiration Of Stock Options
IncreaseDecreaseInExpirationOfStockOptions
-14 usd
CY2022 MINM Increase Decrease In Permanent Differences
IncreaseDecreaseInPermanentDifferences
-1 usd
CY2021 MINM Increase Decrease In Permanent Differences
IncreaseDecreaseInPermanentDifferences
-4 usd
CY2022 MINM Increase Decrease In Federal And State Rates
IncreaseDecreaseInFederalAndStateRates
1 usd
CY2021 MINM Increase Decrease In Federal And State Rates
IncreaseDecreaseInFederalAndStateRates
3 usd
CY2022 MINM Increase Decrease In Effective Income Tax Rate
IncreaseDecreaseInEffectiveIncomeTaxRate
-0.01 pure
CY2021 MINM Increase Decrease In Effective Income Tax Rate
IncreaseDecreaseInEffectiveIncomeTaxRate
-0.02 pure
CY2022Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2021Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2021Q1 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.03 pure
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
27000 usd
CY2021 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.25 pure
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
179000 usd
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
23000 usd
CY2022Q4 us-gaap Area Of Land
AreaOfLand
2656
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
33000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
30000 usd
CY2023Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-25
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2021Q4 MINM Common Stock Shares Authorized Pro Forma
CommonStockSharesAuthorizedProForma
60000000 shares
CY2022Q4 MINM Common Stock Issued And Outstanding
CommonStockIssuedAndOutstanding
46949240 shares
CY2022Q4 MINM Common Stock Issued And Outstanding Pro Forma
CommonStockIssuedAndOutstandingProForma
1877970 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.34
CY2022 MINM Basic And Diluted Net Loss Per Share Pro Forma
BasicAndDilutedNetLossPerShareProForma
-8.38
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46399137 shares
CY2022 MINM Weighted Average Number Of Shares Outstanding Basic And Diluted Pro Forma
WeightedAverageNumberOfSharesOutstandingBasicAndDilutedProForma
1855965 shares

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
minm-20221231_cal.xml Edgar Link unprocessable
minm-20221231_lab.xml Edgar Link unprocessable
0001493152-23-010335-index-headers.html Edgar Link pending
0001493152-23-010335-index.html Edgar Link pending
0001493152-23-010335.txt Edgar Link pending
0001493152-23-010335-xbrl.zip Edgar Link pending
ex21-1.htm Edgar Link pending
ex23-1.htm Edgar Link pending
ex31-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
form10-k_htm.xml Edgar Link completed
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minm-20221231.xsd Edgar Link pending
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minm-20221231_def.xml Edgar Link unprocessable
minm-20221231_pre.xml Edgar Link unprocessable
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