2024 Q1 Form 10-K Financial Statement
#000141057824000361 Filed on March 29, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $2.275M | $1.614M | $5.430M |
YoY Change | |||
Cost Of Revenue | $1.404M | $1.124M | $2.297M |
YoY Change | |||
Gross Profit | $871.0K | $490.0K | $3.133M |
YoY Change | |||
Gross Profit Margin | 38.29% | 30.36% | 57.7% |
Selling, General & Admin | $3.163M | $13.33M | $22.11M |
YoY Change | -9.91% | 62.47% | |
% of Gross Profit | 363.15% | 2719.39% | 705.55% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $273.0K | $248.0K | $872.0K |
YoY Change | 51.67% | 55.44% | |
% of Gross Profit | 31.34% | 50.61% | 27.83% |
Operating Expenses | $3.163M | $13.57M | $22.11M |
YoY Change | 508.05% | 2200.27% | 1495.37% |
Operating Profit | -$2.565M | -$13.08M | -$21.53M |
YoY Change | 393.09% | 1454.09% | |
Interest Expense | -$450.0K | $465.0K | $1.071M |
YoY Change | -135.05% | -51.63% | -38.42% |
% of Operating Profit | |||
Other Income/Expense, Net | -$876.0K | -$3.995M | $44.00K |
YoY Change | -168.22% | -97.47% | |
Pretax Income | -$3.891M | -$16.61M | -$22.06M |
YoY Change | -609.39% | -4574.52% | -6339.18% |
Income Tax | $31.00K | $217.0K | $208.0K |
% Of Pretax Income | |||
Net Earnings | -$3.922M | -$16.83M | -$22.27M |
YoY Change | -876.34% | -10006.99% | -60510.73% |
Net Earnings / Revenue | -172.4% | -1042.75% | -410.09% |
Basic Earnings Per Share | -$0.33 | -$3.56 | |
Diluted Earnings Per Share | -$0.33 | -$1.41 | -$3.56 |
COMMON SHARES | |||
Basic Shares Outstanding | 11.96M | 5.185M | 6.257M |
Diluted Shares Outstanding | 11.97M | 6.257M |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $491.0K | $1.155M | $1.155M |
YoY Change | 3412.16% | 419.64% | 419.64% |
Cash & Equivalents | $491.0K | $1.155M | $1.155M |
Short-Term Investments | |||
Other Short-Term Assets | $1.824M | $1.931M | $1.892M |
YoY Change | 6180.99% | 1084.81% | 1060.88% |
Inventory | $5.564M | $6.930M | $6.930M |
Prepaid Expenses | $592.0K | $683.0K | |
Receivables | $677.0K | $2.440M | $2.440M |
Other Receivables | $39.00K | $39.00K | $96.00K |
Total Short-Term Assets | $9.093M | $12.51M | $12.51M |
YoY Change | 21037.66% | 3148.06% | 3148.02% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.383M | $3.084M | $3.213M |
YoY Change | 27.12% | ||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $3.000K | $3.000K | $646.0K |
YoY Change | |||
Total Long-Term Assets | $5.020M | $3.859M | $3.859M |
YoY Change | -95.81% | -96.75% | -96.75% |
TOTAL ASSETS | |||
Total Short-Term Assets | $9.093M | $12.51M | $12.51M |
Total Long-Term Assets | $5.020M | $3.859M | $3.859M |
Total Assets | $14.11M | $16.37M | $16.37M |
YoY Change | -88.23% | -86.26% | -86.26% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.217M | $2.630M | $2.630M |
YoY Change | 93.38% | ||
Accrued Expenses | $2.257M | $3.543M | $3.681M |
YoY Change | 543.55% | 1382.3% | 1440.04% |
Deferred Revenue | $916.0K | $1.944M | |
YoY Change | 577.35% | ||
Short-Term Debt | $612.0K | $1.397M | $1.397M |
YoY Change | 1630.77% | 6440.26% | 6440.26% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $10.75M | $10.76M | $10.76M |
YoY Change | 1164.29% | 1844.5% | 1844.5% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.695M | $5.695M | $5.695M |
YoY Change | |||
Other Long-Term Liabilities | $258.0K | $170.0K | $170.0K |
YoY Change | |||
Total Long-Term Liabilities | $1.953M | $5.865M | $5.865M |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $10.75M | $10.76M | $10.76M |
Total Long-Term Liabilities | $1.953M | $5.865M | $5.865M |
Total Liabilities | $12.75M | $16.64M | $16.64M |
YoY Change | 1399.46% | 2907.94% | 2907.95% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$37.05M | -$33.13M | |
YoY Change | 10551.91% | 8685.9% | |
Common Stock | $1.000K | $1.000K | |
YoY Change | 180.9% | 180.9% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.361M | -$268.0K | -$268.0K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $14.11M | $16.37M | $16.37M |
YoY Change | -88.23% | -86.26% | -86.26% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.922M | -$16.83M | -$22.27M |
YoY Change | -876.34% | -10006.99% | -60510.73% |
Depreciation, Depletion And Amortization | $273.0K | $248.0K | $872.0K |
YoY Change | 51.67% | 55.44% | |
Cash From Operating Activities | $492.0K | -$3.031M | -$4.551M |
YoY Change | -241.51% | 600.73% | 347.87% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $571.0K | $116.0K | $1.542M |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $30.00K | |
YoY Change | -100.0% | -90.23% | |
Cash From Investing Activities | -$571.0K | -$116.0K | -$1.512M |
YoY Change | -509.65% | -137.77% | -592.28% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -585.0K | 3.789M | 6.564M |
YoY Change | -267.14% | ||
NET CHANGE | |||
Cash From Operating Activities | 492.0K | -3.031M | -4.551M |
Cash From Investing Activities | -571.0K | -116.0K | -1.512M |
Cash From Financing Activities | -585.0K | 3.789M | 6.564M |
Net Change In Cash | -664.0K | 642.0K | 501.0K |
YoY Change | 218.79% | -611.96% | -170.66% |
FREE CASH FLOW | |||
Cash From Operating Activities | $492.0K | -$3.031M | -$4.551M |
Capital Expenditures | $571.0K | $116.0K | $1.542M |
Free Cash Flow | -$79.00K | -$3.147M | -$6.093M |
YoY Change |
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EarningsPerShareBasic
|
-2.51 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.56 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.51 | |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4437000 | |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13290000 | |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
644000 | |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-8209000 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22268000 | |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
|
18501000 | |
CY2023 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
2054000 | |
CY2023 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
4641000 | |
CY2023 | msai |
Stock Issued During Period Value Issued For Recapitalization
StockIssuedDuringPeriodValueIssuedForRecapitalization
|
-1453000 | |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
7595000 | |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
14061000 | |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-268000 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22268000 | |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13290000 | |
CY2023 | us-gaap |
Depreciation
Depreciation
|
872000 | |
CY2022 | us-gaap |
Depreciation
Depreciation
|
561000 | |
CY2023 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
194000 | |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
158000 | |
CY2023 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
1689000 | |
CY2023 | msai |
Non Cash Lease Income Expense
NonCashLeaseIncomeExpense
|
-26000 | |
CY2022 | msai |
Non Cash Lease Income Expense
NonCashLeaseIncomeExpense
|
102000 | |
CY2022 | msai |
Inventory Casualty Losses
InventoryCasualtyLosses
|
1376000 | |
CY2023 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-72000 | |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
1200000 | |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
14061000 | |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
644000 | |
CY2023 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
30000 | |
CY2022 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
83000 | |
CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
18000 | |
CY2023 | msai |
Gain Loss On Financing Transaction
GainLossOnFinancingTransaction
|
-4043000 | |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-195000 | |
CY2023 | msai |
Fair Value Adjustment On Convertible Debt
FairValueAdjustmentOnConvertibleDebt
|
-970000 | |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
928000 | |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
211000 | |
CY2023 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
1098000 | |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-372000 | |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-284000 | |
CY2023 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-1144000 | |
CY2022 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-1306000 | |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
1000 | |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-14000 | |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
461000 | |
CY2023 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
480000 | |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
511000 | |
CY2023 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-1000 | |
CY2022 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-1645000 | |
CY2023 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
1657000 | |
CY2022 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
212000 | |
CY2023 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-110000 | |
CY2022 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-14000 | |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-163000 | |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-105000 | |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-3343000 | |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1897000 | |
CY2023 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-111000 | |
CY2022 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-11000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4551000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3170000 | |
CY2023 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1542000 | |
CY2022 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1600000 | |
CY2023 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
30000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1512000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1600000 | |
CY2022 | us-gaap |
Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
|
200000 | |
CY2023 | us-gaap |
Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
|
100000 | |
CY2022 | us-gaap |
Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
|
100000 | |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
1806000 | |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
950000 | |
CY2023 | msai |
Proceeds From Financing Transaction
ProceedsFromFinancingTransaction
|
4481000 | |
CY2023 | msai |
Proceeds From Merger Recapitalization
ProceedsFromMergerRecapitalization
|
-2344000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6564000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2050000 | |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
501000 | |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2720000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
654000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3374000 | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1155000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
654000 | |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
52000 | |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
29000 | |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
6000 | |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
33000 | |
CY2023 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
18501000 | |
CY2023 | us-gaap |
Stock Issued1
StockIssued1
|
2054000 | |
CY2023 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
1000000 | |
CY2023 | msai |
Proceeds From Issue Or Sale Of Non Cash Investing And Financing Transaction Shares
ProceedsFromIssueOrSaleOfNonCashInvestingAndFinancingTransactionShares
|
4641000 | |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Note 1 — Organization and Business Operations</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">MultiSensor AI Holdings, Inc. (“MSAI”, “the Company”, “we” or “our”) and its wholly owned subsidiaries manufacture and distribute multi-sensor systems (hardware and software) for thermographic and other use in a variety of industrial applications. The Company also provides on-prem and cloud-based software and services, including training, calibration, and repairs for its customers. The Company’s customers operate in the distribution and logistics, manufacturing, utility and oil and gas sectors. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">The Company is domiciled in Delaware and is a C corporation for tax purposes.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Business Prior to the Business Combination</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">Prior to the Business Combination, the Company as a corporate entity was SportsMap Tech Acquisition Corp. (“Legacy SMAP”), and the Company’s sponsor was SportsMap, LLC (the “Sponsor”). The registration statement for Legacy SMAP’s initial public offering (“IPO”) was declared effective on October 18, 2021 (the “Effective Date”). On October 21, 2021, Legacy SMP consummated the IPO of 11,500,000 units (the “Units” and, with respect to the Common stock included in the Units being offered, the “public shares”) at $10.00 per Unit, including the full exercise of the underwriters’ over-allotment of 1,500,000 units, generating gross proceeds to Legacy SMAP of $115,000.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">Simultaneously with the consummation of the IPO, Legacy SMAP consummated the private placement of 675,000 Units at a price of $10.00 per Unit to the Sponsor and the representative of the underwriters and/or certain of their designees or affiliates, generating gross proceeds to Legacy SMAP of $6,750. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">Transaction costs for Legacy SMAP’s IPO amounted to $2,823, consisting of $2,300 of underwriting commissions and $523 of other offering costs. Of these transaction costs, $2,687 was charged to temporary equity and $137<span style="white-space:pre-wrap;"> was charged to additional paid-in capital. All activity for the period from October 21, 2021 (inception) through December 18, 2023 related to the Company’s formation and IPO, subsequent to closing of the IPO, and identifying a target company for an initial business combination, and consummating the Business Combination (described below). Legacy SMAP generated non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the IPO.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Business Combination Agreement and Related Financing</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">On December 19, 2023, Legacy SMAP, through its subsidiary ICH Merger Sub Inc. (“Merger Sub”), and Infrared Cameras Holdings Inc (“Legacy ICI”), all of them Delaware corporations, consummated the closing of the transactions contemplated by the Business Combination Agreement, initially entered on December 5, 2022, by and among Legacy SMAP, Legacy ICI, and Merger Sub (the “Business Combination”).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">Pursuant to the terms of the Business Combination Agreement, a merger of Legacy SMAP and Legacy ICI was effected by the merger of Merger Sub with and into Legacy ICI, with Legacy ICI surviving the Merger as a wholly-owned subsidiary of Legacy SMAP. As a result of the consummation of the Business Combination, Legacy SMAP changed its name from “SportsMap Tech Acquisition Corp.” to “Infrared Cameras Holdings, Inc.” (“ICI”). In February 2024, ICI changed its name to MultiSensor AI Holdings, Inc.”</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt;">Pursuant to the Business Combination Agreement, at the effective time of the Business Combination, (i) each outstanding share of Legacy ICI common stock was converted into the right to receive a number of shares of Company common stock equal to the Exchange Ratio (as defined below), and (ii) each Legacy ICI option, restricted stock unit, restricted stock award that was outstanding immediately prior to the closing of the Business Combination (and by its terms did not terminate upon the closing of the Business Combination) remained outstanding and (x) in the case of options, represented the right to purchase a number of shares of Company common stock equal to the number of shares of Legacy ICI’s common stock subject to such option multiplied by the Exchange Ratio used for Legacy ICI common stock (rounded down to the nearest whole share) at an exercise price per share equal to the exercise price per share for such option divided by the Exchange Ratio (rounded up to the nearest whole cent) and (y) in the case of restricted stock units and restricted stock awards, represented a number of shares of Company common stock equal to the number of shares of Legacy </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">ICI’s common stock subject to such restricted stock unit or restricted stock award multiplied by the Exchange Ratio (rounded down to the nearest whole share). </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">The Exchange Ratio was 10.2776 of a share of Company common stock per fully diluted share of Legacy ICI common stock.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">On December 19, 2023, the Company received $2,137 held in Legacy SMAP’s trust account net of redemptions. Transaction costs related to the issuance of the trust shares were $3,910.</p> | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;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-indent:0pt;margin:0pt 0pt 12pt 0pt;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts and disclosures of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are adjusted to reflect actual experience when necessary. Significant estimates reflected in these consolidated financial statements include, but are not limited to revenue recognition, useful life of fixed assets, allowance for doubtful accounts receivable, capitalization of internal-use software, share-based compensation, estimation of contingencies and estimation of income taxes. The Company assesses estimates on an ongoing basis; however, actual results could materially differ from those estimates.</p> | |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
9131250 | |
CY2023Q4 | msai |
Warrants Issued In Connection With Business Combination
WarrantsIssuedInConnectionWithBusinessCombination
|
340250 | |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
9131250 | |
CY2023Q4 | msai |
Warrants Issued In Connection With Business Combination
WarrantsIssuedInConnectionWithBusinessCombination
|
340250 | |
CY2023 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5430000 | |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7268000 | |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Customer Concentration</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">For the year ended December 31, 2023, one customer accounted for 82% or $2,011 of accounts receivables and one customer accounted for 44% or $2,374 of revenue.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">For the year ended December 31, 2022, two customers accounted for 21% or $317 and 10% or $151, respectively of accounts receivables and two customers accounted for 11% or $799 and 6%or $436, respectively of revenue.</p> | |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
0 | |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
0 | |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
7595000 | |
CY2023 | msai |
Transaction Costs
TransactionCosts
|
3910000 | |
CY2023Q4 | msai |
Percentage Of Coverage Count On Quarterly Basis Considered For Inventory Evaluation
PercentageOfCoverageCountOnQuarterlyBasisConsideredForInventoryEvaluation
|
0.80 | |
CY2022Q4 | msai |
Casualty Loss On Inventories Due To Floods
CasualtyLossOnInventoriesDueToFloods
|
1376000 | |
CY2022Q4 | us-gaap |
Insurance Recoveries
InsuranceRecoveries
|
1221000 | |
CY2022Q4 | msai |
Net Casualty Loss On Inventories Due To Floods
NetCasualtyLossOnInventoriesDueToFloods
|
155000 | |
CY2022Q4 | us-gaap |
Insurance Recoveries
InsuranceRecoveries
|
1221000 | |
CY2022Q4 | msai |
Proceeds From Insurance Recoveries
ProceedsFromInsuranceRecoveries
|
225000 | |
CY2023Q1 | msai |
Proceeds From Insurance Recoveries
ProceedsFromInsuranceRecoveries
|
996000 | |
CY2023 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
1689000 | |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | |
CY2023 | msai |
Capitalized Software Useful Life
CapitalizedSoftwareUsefulLife
|
P5Y | |
CY2023 | us-gaap |
Advertising Expense
AdvertisingExpense
|
345000 | |
CY2022 | us-gaap |
Advertising Expense
AdvertisingExpense
|
609000 | |
CY2022 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
0 | |
CY2023 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
0 | |
CY2023Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
0 | |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
7595000 | |
CY2023Q4 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
804194 | |
CY2023Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
2400000 | |
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
12.50 | |
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
12.50 | |
CY2023 | msai |
Threshold Revenue Considered For Earnout Provision
ThresholdRevenueConsideredForEarnoutProvision
|
68500000 | |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5430000 | |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7268000 | |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
75000 | |
CY2022 | msai |
Contract With Customer Liability Prepayments
ContractWithCustomerLiabilityPrepayments
|
570000 | |
CY2022 | msai |
Total Revenue Recognized From Both Beginning Balance And Current Period Increase In Contract Liability
TotalRevenueRecognizedFromBothBeginningBalanceAndCurrentPeriodIncreaseInContractLiability
|
348000 | |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
297000 | |
CY2023 | msai |
Contract With Customer Liability Prepayments
ContractWithCustomerLiabilityPrepayments
|
2552000 | |
CY2023 | msai |
Total Revenue Recognized From Both Beginning Balance And Current Period Increase In Contract Liability
TotalRevenueRecognizedFromBothBeginningBalanceAndCurrentPeriodIncreaseInContractLiability
|
784000 | |
CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
2065000 | |
CY2023Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
121000 | |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2065000 | |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
1944000 | |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
121000 | |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
290000 | |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
145000 | |
CY2023 | msai |
Allowance For Doubtful Accounts Receivable Reversal Of Expense
AllowanceForDoubtfulAccountsReceivableReversalOfExpense
|
-304000 | |
CY2022 | msai |
Allowance For Doubtful Accounts Receivable Reversal Of Expense
AllowanceForDoubtfulAccountsReceivableReversalOfExpense
|
-13000 | |
CY2023 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
194000 | |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
158000 | |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
180000 | |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
290000 | |
CY2023Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1931000 | |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
3075000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4955000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3446000 | |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1871000 | |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1020000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3084000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2426000 | |
CY2023 | us-gaap |
Depreciation
Depreciation
|
872000 | |
CY2022 | us-gaap |
Depreciation
Depreciation
|
561000 | |
CY2023Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
1209000 | |
CY2022Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
1962000 | |
CY2023Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
683000 | |
CY2022Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
102000 | |
CY2023Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
39000 | |
CY2022Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
1011000 | |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
70000 | |
CY2022Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
184000 | |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
54000 | |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
54000 | |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
6000 | |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
3543000 | |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
2564000 | |
CY2023Q4 | msai |
Infrared Cameras Current
InfraredCamerasCurrent
|
4955000 | |
CY2022Q4 | msai |
Infrared Cameras Current
InfraredCamerasCurrent
|
5904000 | |
CY2023Q4 | msai |
Replacement Maintenance And Spare Parts Current
ReplacementMaintenanceAndSparePartsCurrent
|
1975000 | |
CY2022Q4 | msai |
Replacement Maintenance And Spare Parts Current
ReplacementMaintenanceAndSparePartsCurrent
|
3730000 | |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
6930000 | |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
9634000 | |
CY2023Q4 | msai |
Infrared Cameras Non Current
InfraredCamerasNonCurrent
|
389000 | |
CY2023Q4 | msai |
Replacement Maintenance And Spare Parts Non Current
ReplacementMaintenanceAndSparePartsNonCurrent
|
254000 | |
CY2023Q4 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
643000 | |
CY2023Q4 | msai |
Inventory Current And Non Current
InventoryCurrentAndNonCurrent
|
7573000 | |
CY2022Q4 | msai |
Inventory Current And Non Current
InventoryCurrentAndNonCurrent
|
9634000 | |
CY2023 | us-gaap |
Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
|
1689000 | |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | |
CY2023 | us-gaap |
Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
|
1689000 | |
CY2023Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
3298000 | |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1705000 | |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
121000 | |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
615000 | |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
1397000 | |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
6805000 | |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
8202000 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
1886166 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
11956823 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22268000 | |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13290000 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6257476 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5292384 | |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6257476 | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5292384 | |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.56 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.51 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.56 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.51 | |
CY2023 | msai |
Percentage Of Shares Issued Under Award Of Fully Diluted Shares As Of Business Combination
PercentageOfSharesIssuedUnderAwardOfFullyDilutedSharesAsOfBusinessCombination
|
0.12 | |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
129000 | |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
103000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
138000 | |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
103000 | |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
134000 | |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
102000 | |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
40000 | |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
124000 | |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
174000 | |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
225000 | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P0Y10M24D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P0Y10M24D | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.08 | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.08 | |
CY2023 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
376000 | |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
198000 | |
CY2023 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
163000 | |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
105000 | |
CY2023 | us-gaap |
Short Term Lease Payments
ShortTermLeasePayments
|
40000 | |
CY2022 | us-gaap |
Short Term Lease Payments
ShortTermLeasePayments
|
124000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
142000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
142000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
138000 | |
CY2023 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
272000 | |
CY2023 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
7000 | |
CY2022 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
5000 | |
CY2023 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
279000 | |
CY2022 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
5000 | |
CY2023 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-71000 | |
CY2022 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
1096000 | |
CY2022 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
104000 | |
CY2023 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
-71000 | |
CY2022 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
1200000 | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
208000 | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1205000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
|
1134000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
|
1147000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
107000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
108000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
|
52000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
|
75000 | |
CY2023Q4 | us-gaap |
Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
|
31000 | |
CY2022Q4 | us-gaap |
Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
|
31000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
3849000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
2387000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
60000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
40000 | |
CY2023Q4 | msai |
Deferred Tax Assets Financial Instruments
DeferredTaxAssetsFinancialInstruments
|
1392000 | |
CY2023Q4 | msai |
Deferred Tax Assets Start Up Costs
DeferredTaxAssetsStartUpCosts
|
982000 | |
CY2023Q4 | msai |
Deferred Tax Assets Uniform Capitalization Real Estate Investments
DeferredTaxAssetsUniformCapitalizationRealEstateInvestments
|
175000 | |
CY2022Q4 | msai |
Deferred Tax Assets Uniform Capitalization Real Estate Investments
DeferredTaxAssetsUniformCapitalizationRealEstateInvestments
|
395000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
7011000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3583000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
771000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
600000 | |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
162000 | |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
24000 | |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
30000 | |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
157000 | |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
597000 | |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
509000 | |
CY2023Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
789000 | |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
690000 | |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
18000 | |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
90000 | |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-22060000 | |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-12085000 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2023 | msai |
Tax Reconciliation Not Required
TaxReconciliationNotRequired
|
-4633000 | |
CY2022 | msai |
Tax Reconciliation Not Required
TaxReconciliationNotRequired
|
-2538000 | |
CY2023 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
2300000 | |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
494000 | |
CY2023 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-177000 | |
CY2022 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-343000 | |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
3428000 | |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
3583000 | |
CY2023 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-710000 | |
CY2022 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
9000 | |
CY2023 | msai |
Effective Income Tax Rate Reconciliation Reconciling Items Amount
EffectiveIncomeTaxRateReconciliationReconcilingItemsAmount
|
208000 | |
CY2022 | msai |
Effective Income Tax Rate Reconciliation Reconciling Items Amount
EffectiveIncomeTaxRateReconciliationReconcilingItemsAmount
|
1205000 | |
CY2023 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
279000 | |
CY2022 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
5000 | |
CY2023 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
-71000 | |
CY2022 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
1200000 | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
208000 | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1205000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3583000 | |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
3428000 | |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
3583000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
7011000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3583000 | |
CY2023Q4 | msai |
Interest Limitation Carryforwards Not Subject To Expiration
InterestLimitationCarryforwardsNotSubjectToExpiration
|
133000 |