$MINM
MINIM, INC.

2024 Q4 Form 10-Q Financial Statement

#000182912624007675 Filed on November 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $625.1K
YoY Change -83.21%
Operating Profit -$625.1K
YoY Change -90.7%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$625.1K
YoY Change -90.84%
Income Tax
% Of Pretax Income
Net Earnings -$625.1K
YoY Change -90.84%
Net Earnings / Revenue
Basic Earnings Per Share -$0.22
Diluted Earnings Per Share -$0.22
COMMON SHARES
Basic Shares Outstanding 3.558M shares 2.810M shares
Diluted Shares Outstanding 2.867M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $191.7K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $215.8K
YoY Change -98.47%
LONG-TERM ASSETS
Property, Plant & Equipment $189.1K
YoY Change -66.21%
Goodwill
YoY Change
Intangibles $0.00
YoY Change -100.0%
Long-Term Investments
YoY Change
Other Assets $28.31K
YoY Change -94.75%
Total Long-Term Assets $217.4K
YoY Change -81.74%
TOTAL ASSETS
Total Short-Term Assets $215.8K
Total Long-Term Assets $217.4K
Total Assets $433.2K
YoY Change -97.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $307.8K
YoY Change -96.98%
Accrued Expenses $684.3K
YoY Change -51.09%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $992.1K
YoY Change -93.11%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $992.1K
Total Long-Term Liabilities
Total Liabilities $992.1K
YoY Change -93.45%
SHAREHOLDERS EQUITY
Retained Earnings -$96.84M
YoY Change 6.07%
Common Stock $488.6K
YoY Change 3.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$558.9K
YoY Change
Total Liabilities & Shareholders Equity $433.2K
YoY Change -97.16%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$625.1K
YoY Change -90.84%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
709322 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
701377 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
35768 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
11399114 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
432505 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22512 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
33247 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
472587 usd
CY2023Q4 us-gaap Assets
Assets
12359965 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
11143693 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22512 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1077843 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
12244048 usd
CY2023Q4 us-gaap Liabilities
Liabilities
12244048 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
479335 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
115917 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12359965 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6696187 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
639893 usd
dei Entity Central Index Key
EntityCentralIndexKey
0001467761
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Gross Profit
GrossProfit
97194 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
66171 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
9386157 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2210097 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3460092 usd
MINM Research And Development Expenses
ResearchAndDevelopmentExpenses
113294 usd
MINM Research And Development Expenses
ResearchAndDevelopmentExpenses
3358276 usd
us-gaap Operating Expenses
OperatingExpenses
4590491 usd
us-gaap Operating Expenses
OperatingExpenses
16204525 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-4383232 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-16107331 usd
us-gaap Interest Expense
InterestExpense
-82 usd
us-gaap Interest Expense
InterestExpense
356644 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
82 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-356644 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4383150 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16463974 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-11216 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24451 usd
us-gaap Net Income Loss
NetIncomeLoss
-4371934 usd
us-gaap Net Income Loss
NetIncomeLoss
-16488425 usd
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
usd
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
usd
CY2024Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
usd
CY2024Q3 MINM Research And Development Expenses
ResearchAndDevelopmentExpenses
usd
CY2024Q3 MINM Vendor Liability Forgiveness Net Of Asset Transfers
VendorLiabilityForgivenessNetOfAssetTransfers
usd
CY2023Q3 MINM Vendor Liability Forgiveness Net Of Asset Transfers
VendorLiabilityForgivenessNetOfAssetTransfers
usd
MINM Vendor Liability Forgiveness Net Of Asset Transfers
VendorLiabilityForgivenessNetOfAssetTransfers
usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
usd
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
usd
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
usd
MINM Vendor Liability Forgiveness Net Of Assets Transfers
VendorLiabilityForgivenessNetOfAssetsTransfers
usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
MINM Certification Costs Incurred And Capitalized
CertificationCostsIncurredAndCapitalized
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
usd
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
usd
CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
usd
CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
usd
CY2023Q4 MINM Board Of Director Fees
BoardOfDirectorFees
usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
usd
CY2024Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-37649
dei Entity Registrant Name
EntityRegistrantName
MINIM, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
04-2621506
dei Entity Address Address Line1
EntityAddressAddressLine1
848 Elm Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Manchester
dei Entity Address State Or Province
EntityAddressStateOrProvince
NH
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
03101
dei City Area Code
CityAreaCode
833
dei Local Phone Number
LocalPhoneNumber
966-4646
dei Security12b Title
Security12bTitle
Common Stock, $0.01 per share
dei Trading Symbol
TradingSymbol
MINM
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3557581 shares
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
191724 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
312983 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
9952647 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
24107 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
215831 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
189054 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28311 usd
CY2024Q3 us-gaap Assets
Assets
433196 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
307781 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
684269 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
992050 usd
CY2024Q3 us-gaap Liabilities
Liabilities
992050 usd
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2000000 shares
CY2024Q3 us-gaap Preferred Stock Value
PreferredStockValue
1358573 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3557581 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3557581 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2632809 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2632809 shares
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
488583 usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
94434702 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
92105360 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-96840712 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-92468778 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-558854 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
433196 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24642728 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
9694096 usd
us-gaap Cost Of Revenue
CostOfRevenue
432634 usd
us-gaap Cost Of Revenue
CostOfRevenue
24545534 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
-2997909 usd
us-gaap Gross Profit
GrossProfit
207259 usd
CY2023Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2073636 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
625067 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
963108 usd
CY2023Q3 MINM Research And Development Expenses
ResearchAndDevelopmentExpenses
687076 usd
MINM Vendor Liability Forgiveness Net Of Asset Transfers
VendorLiabilityForgivenessNetOfAssetTransfers
2200929 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
625067 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
3723820 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-625067 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-6721729 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
99084 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-99084 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-625067 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6820813 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-525 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-625067 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-6820287 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.61
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.61
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.74
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.74
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2866594 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2866594 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1890933 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1890933 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2815907 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2815907 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1886465 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1886465 shares
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
115917 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-3258955 usd
CY2024Q1 MINM Preferred Stock Issuance
PreferredStockIssuance
1358573 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
1441427 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
426281 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
83243 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
-487912 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-404669 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-625067 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
470882 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-558854 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
16344668 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-4070457 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
123501 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
12397711 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-5597681 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
101589 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
6901619 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-6820287 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
54305 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
135637 usd
us-gaap Net Income Loss
NetIncomeLoss
-4371934 usd
us-gaap Net Income Loss
NetIncomeLoss
-16488425 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
290130 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
440546 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
22512 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
119465 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
29815 usd
us-gaap Share Based Compensation
ShareBasedCompensation
431681 usd
us-gaap Share Based Compensation
ShareBasedCompensation
279394 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-29741 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-138331 usd
MINM Vendor Liability Forgiveness Net Of Assets Transfers
VendorLiabilityForgivenessNetOfAssetsTransfers
2200929 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-731118 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
102495 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-404299 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-14922185 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-11660 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-230993 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-27318 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-26803 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3084966 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7365878 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-393574 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3041742 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
184940 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-22512 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-119465 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3783080 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3709561 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
162270 usd
MINM Certification Costs Incurred And Capitalized
CertificationCostsIncurredAndCapitalized
219595 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-381865 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3891682 usd
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
2800000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
465482 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3265482 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3891682 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-517598 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-563986 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
709322 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1030110 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
191724 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
466124 usd
us-gaap Interest Paid Net
InterestPaidNet
235006 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11125 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
24451 usd
CY2023Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
25:1 reverse stock split
us-gaap Net Income Loss
NetIncomeLoss
-4371934 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3783080 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3265482 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-96840712 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
191724 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6696187 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
639893 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24642728 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6696187 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
639893 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24642728 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
210318 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1640347 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8101982 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
9952647 usd
CY2024Q3 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
0 usd
CY2023Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
0 usd
CY2024Q3 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
0 usd
CY2023Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
1700000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
304500 usd
CY2024Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
48555 usd
CY2023Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
229950 usd
CY2024Q3 MINM Board Of Director Fees
BoardOfDirectorFees
37500 usd
CY2024Q3 MINM Accrued Sales Allowances Current And Noncurrent
AccruedSalesAllowancesCurrentAndNoncurrent
26905 usd
CY2023Q4 MINM Accrued Sales Allowances Current And Noncurrent
AccruedSalesAllowancesCurrentAndNoncurrent
697884 usd
CY2024Q3 MINM Accrued Sales And Use Tax Current And Noncurrent
AccruedSalesAndUseTaxCurrentAndNoncurrent
150009 usd
CY2023Q4 MINM Accrued Sales And Use Tax Current And Noncurrent
AccruedSalesAndUseTaxCurrentAndNoncurrent
150009 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
116800 usd
CY2024Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
684269 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1077843 usd
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
Company signed a two-year lease agreement for 3,218 square feet of office space at 275 Turnpike Executive Park in Canton, MA. On December 1, 2021, the Company executed an amendment to extend the lease from June 2022 to May 2024 with monthly payments of approximately $5 thousand.
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
40576 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
22512 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
82369 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
8900 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
14050 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
26700 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
49476 usd
us-gaap Lease Cost
LeaseCost
36562 usd
us-gaap Lease Cost
LeaseCost
109069 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y6M
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.000 pure
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038 pure
us-gaap Operating Lease Payments
OperatingLeasePayments
22512 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
123399 usd
CY2024Q3 us-gaap Royalty Expense
RoyaltyExpense
0 usd
CY2023Q3 us-gaap Royalty Expense
RoyaltyExpense
1700000 usd
us-gaap Royalty Expense
RoyaltyExpense
0 usd
us-gaap Royalty Expense
RoyaltyExpense
5100000 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
5000000.0 usd
CY2024Q1 us-gaap Payments For Royalties
PaymentsForRoyalties
1400000 usd
MINM Contingent Amount
ContingentAmount
300000 usd
CY2024Q3 us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
300000 usd
CY2024Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
38500000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-525 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-11216 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24451 usd
CY2024Q3 us-gaap Area Of Land
AreaOfLand
2656
CY2024Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
0 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
9000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
27000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
27000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-625067 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-6820287 usd
us-gaap Net Income Loss
NetIncomeLoss
-4371934 usd
us-gaap Net Income Loss
NetIncomeLoss
-16488425 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2866594 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1890933 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2815907 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1886465 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2866594 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1890933 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2815907 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1886465 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.61
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.61
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.74
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.74
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5230769 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5230769 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2080 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2080 shares
CY2024Q1 MINM Warrants To Purchase
WarrantsToPurchase
2800000 shares
CY2024Q1 MINM Warrants To Purchase Value
WarrantsToPurchaseValue
4700000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
1.620 pure
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2024Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
1400000 usd
CY2024Q1 us-gaap Preferred Stock Value
PreferredStockValue
4500000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
1400000 usd
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001829126-24-007675-index-headers.html Edgar Link pending
0001829126-24-007675-index.html Edgar Link pending
0001829126-24-007675.txt Edgar Link pending
0001829126-24-007675-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
miniminc_10q.htm Edgar Link pending
miniminc_ex31-1.htm Edgar Link pending
miniminc_ex32-1.htm Edgar Link pending
minm-20240930.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
minm-20240930_cal.xml Edgar Link unprocessable
minm-20240930_def.xml Edgar Link unprocessable
minm-20240930_lab.xml Edgar Link unprocessable
minm-20240930_pre.xml Edgar Link unprocessable
miniminc_10q_htm.xml Edgar Link completed
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable