$MRAI
Marpai, Inc.

2021 Q4 Form 10-Q Financial Statement

#000141057821000531 Filed on December 14, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $5.896M $4.799M
YoY Change
Cost Of Revenue $4.226M $3.343M
YoY Change
Gross Profit $1.670M $1.456M
YoY Change
Gross Profit Margin 28.33% 30.34%
Selling, General & Admin $6.065M $3.819M $302.5K
YoY Change 297.2% 1162.34%
% of Gross Profit 363.15% 262.27%
Research & Development $615.8K $568.8K $470.9K
YoY Change -66.55% 20.78%
% of Gross Profit 36.87% 39.07%
Depreciation & Amortization $738.5K $58.55K $18.36K
YoY Change 1923.9% 218.84%
% of Gross Profit 44.22% 4.02%
Operating Expenses $7.419M $4.388M $773.5K
YoY Change 120.31% 467.27%
Operating Profit -$5.749M -$4.736M -$791.8K
YoY Change 70.72% 498.08%
Interest Expense -$42.79K $108.5K $138.0K
YoY Change -91.87% -21.37%
% of Operating Profit
Other Income/Expense, Net $63.45K $54.64K $6.440K
YoY Change 145.45% 748.4%
Pretax Income -$5.729M -$4.793M -$926.3K
YoY Change 48.1% 417.41%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.729M -$4.793M -$926.3K
YoY Change 48.1% 417.41%
Net Earnings / Revenue -97.16% -99.86%
Basic Earnings Per Share -$0.47 -$0.37
Diluted Earnings Per Share -$568.5K -$0.47 -$0.37
COMMON SHARES
Basic Shares Outstanding 20.12M 10.26M 2.521M
Diluted Shares Outstanding 10.26M 2.521M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.18M $1.191M
YoY Change
Cash & Equivalents $19.18M $1.191M $414.5K
Short-Term Investments
Other Short-Term Assets $7.494M $8.584M
YoY Change
Inventory
Prepaid Expenses
Receivables $208.8K $299.8K
Other Receivables $91.50K $52.84K
Total Short-Term Assets $26.99M $10.17M
YoY Change 1138.06%
LONG-TERM ASSETS
Property, Plant & Equipment $889.9K $720.6K
YoY Change 355.43%
Goodwill $2.383M $1.676M
YoY Change
Intangibles $5.508M $6.503M
YoY Change
Long-Term Investments
YoY Change
Other Assets $80.61K $52.28K
YoY Change
Total Long-Term Assets $17.21M $17.12M
YoY Change 295.47%
TOTAL ASSETS
Total Short-Term Assets $26.99M $10.17M
Total Long-Term Assets $17.21M $17.12M
Total Assets $44.20M $27.28M
YoY Change 576.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.126M $2.651M
YoY Change 607.37%
Accrued Expenses $2.525M $1.933M
YoY Change 842.29%
Deferred Revenue
YoY Change
Short-Term Debt $3.000M $2.011M
YoY Change
Long-Term Debt Due $0.00 $999.3K
YoY Change
Total Short-Term Liabilities $11.15M $14.73M
YoY Change 320.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $4.866M
YoY Change
Other Long-Term Liabilities $45.00K $45.00K
YoY Change
Total Long-Term Liabilities $45.00K $45.00K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $11.15M $14.73M
Total Long-Term Liabilities $45.00K $45.00K
Total Liabilities $14.49M $22.67M
YoY Change 44.52%
SHAREHOLDERS EQUITY
Retained Earnings -$21.53M -$15.80M
YoY Change 288.49%
Common Stock $2.030K $1.117K
YoY Change 14400.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.71M $4.615M -$2.808M
YoY Change
Total Liabilities & Shareholders Equity $44.20M $27.28M
YoY Change 576.71%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$5.729M -$4.793M -$926.3K
YoY Change 48.1% 417.41%
Depreciation, Depletion And Amortization $738.5K $58.55K $18.36K
YoY Change 1923.9% 218.84%
Cash From Operating Activities -$5.269M -$650.7K
YoY Change 486.65%
INVESTING ACTIVITIES
Capital Expenditures -$462.2K -$279.8K
YoY Change -18.71%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$462.2K -$279.8K
YoY Change -11.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $24.55M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.66M 2.050M
YoY Change 815.71%
NET CHANGE
Cash From Operating Activities -5.269M -650.7K
Cash From Investing Activities -462.2K -279.8K
Cash From Financing Activities 22.66M 2.050M
Net Change In Cash 16.93M 1.120M
YoY Change 1506.59%
FREE CASH FLOW
Cash From Operating Activities -$5.269M -$650.7K
Capital Expenditures -$462.2K -$279.8K
Free Cash Flow -$4.807M -$370.9K
YoY Change 1358.6%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Registrant Name
EntityRegistrantName
MARPAI, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
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5701 East Hillsborough Ave., Suite 1417
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dei City Area Code
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dei Local Phone Number
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dei Security12b Title
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Common Stock, par value $0.0001 per share
dei Trading Symbol
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dei Security Exchange Name
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable
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IncreaseDecreaseInAccountsPayableRelatedParty
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mrai Increase Decrease In Accounts Payable Related Party
IncreaseDecreaseInAccountsPayableRelatedParty
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
112573
mrai Increase Decrease In Accrued Fiduciary Obligations
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
147001
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NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
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mrai Proceeds From Reimbursement Of Leasehold Improvements From Sublease
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us-gaap Net Cash Provided By Used In Investing Activities
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10105907
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
550000
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
2000000
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2000000
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2603382
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2000000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7182721
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
227378
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2021Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
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CY2020Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9000653
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
473655
mrai Conversion Of Convertible Notes Into Common Stock At Closing Of Acquisition
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4174992
us-gaap Asset Acquisition Consideration Transferred Equity Interest Issued And Issuable
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CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q3 mrai Working Capital Deficit
WorkingCapitalDeficit
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CY2021Q3 us-gaap Long Term Debt
LongTermDebt
7876102
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1190974
CY2021Q4 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
24800000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates include, but are not limited to, valuation of share-based compensation, accounting for warrants, allowance for doubtful accounts, useful lives of internally developed software, intangible assets and property and equipment, whether an arrangement is or contains a lease, the discount rate used for operating leases, income tax accruals, the valuation allowance for deferred income taxes, and the valuation of net assets acquired.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company bases these estimates on historical and anticipated results, trends, and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentrations of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company maintains cash accounts with financial institutions. At times, balances in these accounts may exceed federally insured limits. The amounts over the federally insured limits as of September 30, 2021 and December 31, 2020 was approximately $926,000 and $1,505,000, respectively. No losses have been incurred to date on any deposit balances.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">No customer accounted for greater than 10% of total revenue during for the nine months ended September 30, 2021. At September 30, 2021, four customers each accounted for greater than 10% of accounts receivable, respectively.</p>
CY2021Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
926000
CY2020Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
1505000
mrai Losses Incurred To Date On Deposit Balances
LossesIncurredToDateOnDepositBalances
0
mrai Number Of Customers Who Accounted For Greater Than Ten Percent Of Accounts Receivable
NumberOfCustomersWhoAccountedForGreaterThanTenPercentOfAccountsReceivable
4
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2021Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2021Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
299849
CY2021Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
37863
CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1352221
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
680737
mrai Accounts Receivable Payments Term
AccountsReceivablePaymentsTerm
P30D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.00912
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.01026
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.01399
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4081
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3460
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
us-gaap Sublease Income
SubleaseIncome
19172
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021Q3 mrai Capitalized Computer Software In Process
CapitalizedComputerSoftwareInProcess
239330
CY2020Q4 mrai Capitalized Computer Software In Process
CapitalizedComputerSoftwareInProcess
3818959
CY2021Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
6617382
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
3818959
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6286562
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4945134
CY2021Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
525345
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
651898
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
230543
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
12545844
CY2020 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
18388192
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-12311864
CY2020 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-17620431
mrai Business Acquisitions Incremental Amortization Expense Related To Intangible And Tangible Assets Acquired
BusinessAcquisitionsIncrementalAmortizationExpenseRelatedToIntangibleAndTangibleAssetsAcquired
303566
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
97787
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
720592
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
195404
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
218349
CY2021Q3 us-gaap Depreciation
Depreciation
58545
us-gaap Depreciation
Depreciation
134610
CY2020Q3 us-gaap Depreciation
Depreciation
18362
us-gaap Depreciation
Depreciation
56247
CY2021Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
7029950
CY2021Q3 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
651898
CY2021Q3 mrai Capitalized Computer Software Net Of Accumulated Amortization And In Process
CapitalizedComputerSoftwareNetOfAccumulatedAmortizationAndInProcess
6378052
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
951135
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
293191
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
436699
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
186875
us-gaap Operating Lease Expense
OperatingLeaseExpense
407625
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
28503
us-gaap Operating Lease Expense
OperatingLeaseExpense
85509
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
54640
us-gaap Sublease Income
SubleaseIncome
115730
CY2019Q3 us-gaap Sublease Income
SubleaseIncome
6439
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
208038
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
827607
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
785908
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
83683
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12658
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1917897
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
176954
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1740943
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
713792
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1027148
CY2021Q3 mrai Lessee Operating Lease Amount Expected To Receive Remainder Of Fiscal Year
LesseeOperatingLeaseAmountExpectedToReceiveRemainderOfFiscalYear
54433
CY2021Q3 mrai Lessee Operating Lease Amount Expected To Receive Year One
LesseeOperatingLeaseAmountExpectedToReceiveYearOne
222083
CY2021Q3 mrai Lessee Operating Lease Amount Expected To Receive Year Two
LesseeOperatingLeaseAmountExpectedToReceiveYearTwo
178409
CY2021Q3 mrai Lessee Operating Lease Amount Expected To Receive Year Three
LesseeOperatingLeaseAmountExpectedToReceiveYearThree
13527
CY2021Q3 mrai Lessee Operating Lease Amount Expected To Receive
LesseeOperatingLeaseAmountExpectedToReceive
468452
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
94691
us-gaap Interest Expense Debt
InterestExpenseDebt
339487
CY2020Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
110700
us-gaap Interest Expense Debt
InterestExpenseDebt
390104
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5428458
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8555000
CY2021Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
436394
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
518924
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
111800
CY2021Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
5864852
CY2020Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
8962124
CY2021Q3 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
999326
CY2020Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
1866237
CY2021Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
4865526
CY2020Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
7095887
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
272544
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3035229
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1739450
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
817629
CY2021Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
5864852
CY2021Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
3000000
CY2021Q3 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.06
CY2021Q3 us-gaap Debt Instrument Term
DebtInstrumentTerm
P6M
CY2021Q3 mrai Threshold Percentage Of Maximum Drawn Principal Amount For Issuance Of Warrants
ThresholdPercentageOfMaximumDrawnPrincipalAmountForIssuanceOfWarrants
0.30
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
11250
mrai Warrants Granted
WarrantsGranted
1196907
mrai Warrants Granted Weighted Average Exercise Price
WarrantsGrantedWeightedAverageExercisePrice
7.17
CY2021Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1561373
CY2021Q3 mrai Warrants Weighted Average Exercise Price
WarrantsWeightedAverageExercisePrice
5.83
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0144
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q3 us-gaap Noncurrent Assets
NoncurrentAssets
17064010
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
4351679
CY2021Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
30000
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
170000
CY2020Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
107000
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
335000
CY2021Q3 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
0
CY2021Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
3637
CY2020Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
243638
mrai Percentage On Monthly Salary Under Severance Pay Law
PercentageOnMonthlySalaryUnderSeverancePayLaw
0.0833
CY2021Q3 us-gaap Severance Costs1
SeveranceCosts1
29191
us-gaap Severance Costs1
SeveranceCosts1
84223
CY2020Q3 us-gaap Severance Costs1
SeveranceCosts1
23838
us-gaap Severance Costs1
SeveranceCosts1
58601
CY2021Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
4.555821

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