2020 Q1 Form 10-Q Financial Statement
#000156459020025466 Filed on May 14, 2020
Income Statement
| Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
|---|---|---|---|
| Revenue | $1.008M | $1.521M | $830.1K |
| YoY Change | 21.45% | 70.95% | 165.05% |
| Cost Of Revenue | $318.7K | $424.7K | $176.2K |
| YoY Change | 80.86% | 87.75% | 63.02% |
| Gross Profit | $689.5K | $1.096M | $653.9K |
| YoY Change | 5.45% | 65.22% | 218.81% |
| Gross Profit Margin | 68.39% | 72.08% | 78.77% |
| Selling, General & Admin | $3.605M | $3.234M | $2.801M |
| YoY Change | 28.68% | 12.74% | 25.31% |
| % of Gross Profit | 522.84% | 295.09% | 428.43% |
| Research & Development | $507.0K | $442.5K | $535.3K |
| YoY Change | -5.29% | -16.45% | 43.75% |
| % of Gross Profit | 73.52% | 40.37% | 81.86% |
| Depreciation & Amortization | $26.39K | $24.44K | $21.63K |
| YoY Change | 22.01% | 17.22% | 48.14% |
| % of Gross Profit | 3.83% | 2.23% | 3.31% |
| Operating Expenses | $4.112M | $3.677M | $3.337M |
| YoY Change | 23.23% | 8.19% | 27.94% |
| Operating Profit | -$3.422M | -$2.581M | -$2.683M |
| YoY Change | 27.57% | -5.64% | 11.65% |
| Interest Expense | $135.2K | -$180.7K | $42.77K |
| YoY Change | 216.17% | -519.53% | 1.37% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$379.0K | $84.74K | |
| YoY Change | -547.22% | 47.38% | |
| Pretax Income | -$3.801M | -$2.762M | -$2.598M |
| YoY Change | 46.32% | 2.58% | 10.56% |
| Income Tax | $613.00 | $0.00 | $0.00 |
| % Of Pretax Income | |||
| Net Earnings | -$3.802M | -$2.762M | -$2.598M |
| YoY Change | 46.34% | 2.58% | 10.77% |
| Net Earnings / Revenue | -377.13% | -181.59% | -312.99% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$2.137M | -$4.812M | -$5.216M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 17.20M | 17.08M | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $13.73M | $4.465M | $9.234M |
| YoY Change | 48.66% | -31.73% | -34.61% |
| Cash & Equivalents | $13.80M | $4.465M | $9.309M |
| Short-Term Investments | |||
| Other Short-Term Assets | $937.2K | $820.2K | $784.7K |
| YoY Change | 19.43% | 17.97% | 112.09% |
| Inventory | $602.9K | $439.5K | $171.5K |
| Prepaid Expenses | |||
| Receivables | $299.3K | $424.3K | $399.9K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $15.57M | $6.149M | $10.72M |
| YoY Change | 45.21% | -21.91% | -27.96% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $139.2K | $155.0K | $173.1K |
| YoY Change | -19.57% | -17.35% | 11.44% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $207.0K | $294.2K | $207.0K |
| YoY Change | 0.0% | 34.0% | 313.96% |
| Total Long-Term Assets | $346.2K | $449.2K | $380.1K |
| YoY Change | -8.91% | 10.35% | 83.32% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $15.57M | $6.149M | $10.72M |
| Total Long-Term Assets | $346.2K | $449.2K | $380.1K |
| Total Assets | $15.91M | $6.599M | $11.10M |
| YoY Change | 43.36% | -20.32% | -26.43% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.024M | $450.1K | $525.6K |
| YoY Change | 94.79% | 5.48% | 119.01% |
| Accrued Expenses | $1.604M | $1.288M | $784.8K |
| YoY Change | 104.44% | -2.15% | 10.54% |
| Deferred Revenue | $27.34K | $40.00 | $84.12K |
| YoY Change | -67.5% | -99.96% | |
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $1.427M | $1.764M | |
| YoY Change | |||
| Total Short-Term Liabilities | $4.128M | $3.884M | $1.578M |
| YoY Change | 161.53% | 109.28% | 41.35% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $889.0K | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $1.500K | $1.500K | $0.00 |
| YoY Change | -100.0% | ||
| Total Long-Term Liabilities | $1.500K | $889.0K | $0.00 |
| YoY Change | -100.0% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $4.128M | $3.884M | $1.578M |
| Total Long-Term Liabilities | $1.500K | $889.0K | $0.00 |
| Total Liabilities | $4.129M | $4.774M | $1.578M |
| YoY Change | 161.63% | 157.26% | 35.82% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$56.13M | -$45.41M | |
| YoY Change | 23.93% | 21.69% | |
| Common Stock | $71.72M | $57.96M | $57.54M |
| YoY Change | 24.65% | 12.06% | 4639978.95% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $6.464K | $6.464K | |
| YoY Change | 0.0% | 0.0% | |
| Treasury Stock Shares | |||
| Shareholders Equity | $11.78M | $6.426M | $9.436M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $15.91M | $6.599M | $11.10M |
| YoY Change | 43.36% | -20.32% | -26.43% |
Cashflow Statement
| Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$3.802M | -$2.762M | -$2.598M |
| YoY Change | 46.34% | 2.58% | 10.77% |
| Depreciation, Depletion And Amortization | $26.39K | $24.44K | $21.63K |
| YoY Change | 22.01% | 17.22% | 48.14% |
| Cash From Operating Activities | -$2.445M | -$2.644M | -$3.120M |
| YoY Change | -21.63% | 5.22% | 37.72% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $7.878K | -$13.73K | $5.404K |
| YoY Change | 45.78% | 44.53% | -91.68% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$7.878K | -$13.73K | -$5.404K |
| YoY Change | 45.78% | 44.53% | -91.68% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $13.50M | $5.600M | |
| YoY Change | 141.07% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 11.71M | 2.795M | 5.818M |
| YoY Change | 101.34% | -9382.46% | 66.83% |
| NET CHANGE | |||
| Cash From Operating Activities | -2.445M | -2.644M | -3.120M |
| Cash From Investing Activities | -7.878K | -13.73K | -5.404K |
| Cash From Financing Activities | 11.71M | 2.795M | 5.818M |
| Net Change In Cash | 9.261M | 137.1K | 2.693M |
| YoY Change | 243.92% | -105.37% | 132.73% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$2.445M | -$2.644M | -$3.120M |
| Capital Expenditures | $7.878K | -$13.73K | $5.404K |
| Free Cash Flow | -$2.453M | -$2.630M | -$3.125M |
| YoY Change | -21.51% | 5.07% | 34.12% |
Facts In Submission
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|---|---|---|---|---|
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Offering Cost From Sale Of Shares
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Proceeds From Issuance Initial Public Offering
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Net Cash Provided By Used In Financing Activities
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Net Cash Provided By Used In Financing Activities
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Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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| CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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| CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
203552 | |
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Inventory Capitalized As Sales Demo Equipment
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|
2743 | |
| CY2019Q1 | myo |
Inventory Capitalized As Sales Demo Equipment
InventoryCapitalizedAsSalesDemoEquipment
|
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Issuance Of Warrants Recorded As Derivative Liability
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|
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Deferred Issuance Costs To Additional Paid In Capital Paid In Prior Period
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Nature Of Operations
NatureOfOperations
|
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Note 1 — Description of Business</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Myomo Inc. (“Myomo” or the Company”) is a wearable medical robotics company that develops, designs, and produces myoelectric orthotics for people with neuromuscular disorders. The MyoPro ® myoelectric upper limb orthosis product is registered with the U.S. Food and Drug Administration as a Class II medical device. The Company sells its products directly to patients, to orthotics and prosthetics (O&P) providers, the Veterans Health Administration, rehabilitation hospitals, and through distributors.<font style="font-family:Calibri;"> </font>When we provide devices directly to patients and bill their insurance companies directly, we may evaluate, cast and fit the MyoPro devices using our own clinical staff or utilize the clinical consulting services of O&P professionals for which they are paid a fee. The Company was incorporated in the State of Delaware on September 1, 2004 and is headquartered in Cambridge, Massachusetts.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Amended Certificate of Incorporation and Reverse Stock Split</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On January 30, 2020, the Company filed with the State of Delaware an amendment to its Eighth Amended and Restated Certificate of Incorporation for a one-for-thirty reverse stock split of the Company’s common stock. All share and per share information has been restated retroactively, giving effect to the reverse stock split for all periods presented. There was no change to reported net loss in any period presented.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Liquidity<font style="font-style:normal;"> </font>and Impact of COVID-19</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company incurred net losses of approximately $3,802,000 and $2,598,100 during the three months ended March 31, 2020 and 2019, respectively, and has an accumulated deficit of approximately $59,928,000 and $56,126,000<font style="font-size:11pt;"> </font>at March 31, 2020 and December 31, 2019, respectively. Cash used in operating activities was approximately $2,445,000<font style="font-size:11pt;"> </font>and $3,120,000<font style="font-size:11pt;"> </font>for the three months ended March 31, 2020 and 2019, respectively. The Company has historically funded its operations through financing activities, including raising equity and debt capital.</p> <p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The outbreak of the novel coronavirus, SARS-CoV-2, which causes coronavirus disease 2019 (COVID-19), has evolved into a global pandemic. COVID-19 has spread to many regions of the world, including the United States and Europe. In response to the pandemic, the Company has implemented a work from home policy, with substantially all employees continuing their work outside of the Company’s offices. While some aspects of the Company’s business, such as lead generation and patient evaluations, are largely unaffected by the pandemic, public health and societal restrictions are causing disruptions that are impacting the Company’s business. For example, the Company provides a custom-fabricated device to each patient and the in-person contact required as part of the fabrication and delivery process is being impacted and likely will continue to be impacted by COVID-19-related public health restrictions on travel and personal interaction. As a result of these restrictions, the Company’s ability to deliver its products to patients and to generate revenues is being negatively affected. Similarly, the impairment in the ability for patient consultation and fittings is expected to delay for several months the launch of MyoPal, its new product for pediatric patients. It is unclear at this time what the impact of COVID-19 will have, if any, on insurance reimbursement practices, including government and third-party payers. Similarly, it is unclear to what extent an extended period of significant unemployment will reduce the number of prospective candidates due to loss of health insurance. Since the Company has sufficient inventory of subassemblies available, its contract manufacturing partner for motors has temporarily suspended the manufacturing line for the Company’s products, though it continues to operate manufacturing lines for other customers. The Company’s contract manufacturing partner that fabricates and assembles the MyoPro continues to operate. While the Company is experiencing some minor extensions of lead times in its supply chain, the Company believes it has sufficient inventories of all critical components. </p> <p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Except for some headcount reductions and furloughs in certain departments, The Company is substantially maintaining its overall headcount, but reducing cash outflows for operating expenses and other purchases to the extent possible. While the Company expects an adverse impact on revenues in the second quarter of 2020 and possibly the third quarter of 2020, the Company believes that its existing cash is sufficient to sustain its operations for a period of twelve months from the filing date of this Quarterly Report on Form 10-Q. However, if public health restrictions on travel and patient interaction persist into the third quarter of 2020, it is likely that the Company will need to raise additional capital to sustain its operations beyond the first half of 2021.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company’s operating plans are primarily focused on scaling up its operations, increasing the proportion of patients carrying commercial health insurance with payers that have historically reimbursed for the Company’s products, executing on its plans to bring its pediatric product when public health conditions allow and continued work with the Centers for Medicare and Medicaid Services, or CMS, and their billing contractors regarding reimbursement of its products. In addition, the Company believes that it has access to capital resources through possible public or private equity offerings, including usage of its ATM facility, exercises of outstanding warrants, additional debt financings, or other means. Additional debt financing requires the consent of Chicago Venture Partners (“CVP”), and may require the Company to pledge other assets not currently pledged and enter into covenants that could restrict certain business activities or its ability to incur further indebtedness; and may contain other terms that are not favorable to the Company or its stockholders. </p> | |
| CY2020Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain prior year amounts in research and development and sales and marketing expenses have been reclassified to cost of goods sold to conform with the current year presentation. </p> | |
| CY2020Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America require management to make estimates and assumptions that affect certain reported amounts and disclosures. These estimates and assumptions are reviewed on an on-going basis and updated as appropriate. Actual results could differ from these estimates. The Company’s significant estimates include the allowance for doubtful accounts, deferred tax valuation allowances, warranty obligations and derivative liabilities.</p> | |
| CY2019Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-3395697 | |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-5961024 | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-11.15 | ||
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-8749142 | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-15.99 | ||
| CY2019 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-11510646 | |
| CY2019 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-20.79 | |
| CY2020Q1 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
1023873 | |
| CY2019Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
450101 | |
| CY2020Q1 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
1291187 | |
| CY2019Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
889583 | |
| CY2020Q1 | myo |
Professional Fees Accrued Current
ProfessionalFeesAccruedCurrent
|
106441 | |
| CY2019Q4 | myo |
Professional Fees Accrued Current
ProfessionalFeesAccruedCurrent
|
142804 | |
| CY2020Q1 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
82345 | |
| CY2019Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
81981 | |
| CY2020Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
124482 | |
| CY2019Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
173981 | |
| CY2020Q1 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
2628328 | |
| CY2019Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
1738450 | |
| CY2020Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2586963 | |
| CY2019Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
195219 | |
| CY2020Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
77530 | |
| CY2019Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
46854 | |
| CY2020Q1 | myo |
Inventory Rental Units
InventoryRentalUnits
|
29718 | |
| CY2019Q4 | myo |
Inventory Rental Units
InventoryRentalUnits
|
23418 | |
| CY2020Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
499269 | |
| CY2020Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
606517 | |
| CY2019Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
372996 | |
| CY2019Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
443268 | |
| CY2020Q1 | myo |
Inventory Reserve For Rental Units
InventoryReserveForRentalUnits
|
-3636 | |
| CY2019Q4 | myo |
Inventory Reserve For Rental Units
InventoryReserveForRentalUnits
|
-3735 | |
| CY2020Q1 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
13209304 | |
| CY2019Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
378239 | |
| CY2020Q1 | myo |
Payment Against Derivative Liability
PaymentAgainstDerivativeLiability
|
-255533 | |
| CY2020Q1 | us-gaap |
Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
|
-82101 | |
| CY2020Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
40605 | |
| CY2018Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
3661 | |
| CY2019Q1 | us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
196236 | |
| CY2019Q1 | us-gaap |
Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
|
-41970 | |
| CY2019Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
157927 | |
| CY2020Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
0 | |
| CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.6135 | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
0.6142 | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0245 | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0250 | |
| CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y3M | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.79 | |
| CY2020Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
123209 | |
| CY2019Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
207605 | |
| CY2020Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
0 | |
| CY2019Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
26000 | |
| CY2020Q1 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
0 | |
| CY2019Q1 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
25900 | |
| CY2020Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
103500 | |
| CY2019Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
110000 | |
| CY2020Q1 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
46000 | |
| CY2019Q1 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
47800 |
