2023 Q1 Form 10-K Financial Statement

#000183988223007887 Filed on March 29, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $9.457M $8.261M $37.32M
YoY Change 15.95% 12.17% 26.61%
Cost Of Revenue $7.308M $7.298M $28.96M
YoY Change 22.04% 17.77% 39.32%
Gross Profit $2.149M $963.0K $8.360M
YoY Change -0.88% -17.55% -3.8%
Gross Profit Margin 22.72% 11.66% 22.4%
Selling, General & Admin $2.150M $2.088M $7.581M
YoY Change 53.9% 131.49% 94.58%
% of Gross Profit 100.05% 216.82% 90.68%
Research & Development $1.003M $727.0K $3.037M
YoY Change 50.6% 28.67% 35.88%
% of Gross Profit 46.67% 75.49% 36.33%
Depreciation & Amortization $174.0K $154.0K $567.0K
YoY Change 27.94% 22.22% 24.89%
% of Gross Profit 8.1% 15.99% 6.78%
Operating Expenses $3.153M $2.815M $10.62M
YoY Change 52.84% 91.89% 73.19%
Operating Profit -$1.004M -$1.852M -$2.258M
YoY Change -1056.19% 519.4% -188.24%
Interest Expense $155.0K -$150.0K $382.0K
YoY Change -460.47% 158.62% -133.1%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income -$1.159M -$2.002M -$2.640M
YoY Change -1969.35% 460.78% -212.01%
Income Tax -$17.00K -$17.00K
% Of Pretax Income
Net Earnings -$1.159M -$1.985M -$2.623M
YoY Change -1969.35% 403.81% -213.06%
Net Earnings / Revenue -12.26% -24.03% -7.03%
Basic Earnings Per Share -$0.02 -$0.05
Diluted Earnings Per Share -$0.02 -$0.04 -$0.05
COMMON SHARES
Basic Shares Outstanding 49.51M shares 49.23M shares 49.12M shares
Diluted Shares Outstanding 49.43M shares 49.12M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.094M $2.186M $2.186M
YoY Change 21.96% 232.72% 232.72%
Cash & Equivalents $1.094M $2.186M $2.186M
Short-Term Investments
Other Short-Term Assets $933.0K $866.0K $866.0K
YoY Change -7.16% -4.84% -4.84%
Inventory $8.118M $8.839M $8.839M
Prepaid Expenses
Receivables $4.380M $4.734M $4.734M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.53M $16.63M $16.63M
YoY Change -7.69% 43.33% 43.33%
LONG-TERM ASSETS
Property, Plant & Equipment $8.235M $7.949M $16.93M
YoY Change -50.73% 68.7% 0.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.000K $6.000K $6.000K
YoY Change -42.86% -25.0% -25.0%
Total Long-Term Assets $16.95M $16.93M $16.93M
YoY Change 1.38% 0.82% 0.82%
TOTAL ASSETS
Total Short-Term Assets $14.53M $16.63M $16.63M
Total Long-Term Assets $16.95M $16.93M $16.93M
Total Assets $31.48M $33.56M $33.56M
YoY Change -3.02% 18.19% 18.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.032M $6.363M $6.363M
YoY Change 21.78% 78.44% 78.44%
Accrued Expenses $1.132M $1.023M $1.023M
YoY Change -38.84% 8.14% -65.07%
Deferred Revenue
YoY Change
Short-Term Debt $6.892M $7.282M $7.282M
YoY Change 85.82% 439.01% 439.01%
Long-Term Debt Due $1.000M $0.00 $0.00
YoY Change 1328.57% -100.0%
Total Short-Term Liabilities $16.86M $16.84M $16.84M
YoY Change 47.52% 129.36% 92.75%
LONG-TERM LIABILITIES
Long-Term Debt $1.000M $1.000M
YoY Change -0.6%
Other Long-Term Liabilities $10.02M $10.07M $10.07M
YoY Change -18.38% -9.97% -9.97%
Total Long-Term Liabilities $10.02M $11.07M $11.07M
YoY Change -24.55% -18.51% -9.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.86M $16.84M $16.84M
Total Long-Term Liabilities $10.02M $11.07M $11.07M
Total Liabilities $26.88M $27.91M $27.91M
YoY Change 8.79% 33.35% 33.35%
SHAREHOLDERS EQUITY
Retained Earnings -$101.4M -$100.1M
YoY Change 2.69%
Common Stock $495.0K $493.0K
YoY Change 0.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.597M $5.649M $5.649M
YoY Change
Total Liabilities & Shareholders Equity $31.48M $33.56M $33.56M
YoY Change -3.02% 18.19% 18.19%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$1.159M -$1.985M -$2.623M
YoY Change -1969.35% 403.81% -213.06%
Depreciation, Depletion And Amortization $174.0K $154.0K $567.0K
YoY Change 27.94% 22.22% 24.89%
Cash From Operating Activities -$782.0K $747.0K -$1.650M
YoY Change -55.94% -63.6% -171.09%
INVESTING ACTIVITIES
Capital Expenditures $21.00K $1.025M $2.823M
YoY Change -105.56% -338.93% -250.64%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$21.00K -$1.025M -$2.823M
YoY Change -94.44% 138.93% 50.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$289.0K 1.954M $6.002M
YoY Change -112.08% -183.29% -903.48%
NET CHANGE
Cash From Operating Activities -$782.0K 747.0K -$1.650M
Cash From Investing Activities -$21.00K -1.025M -$2.823M
Cash From Financing Activities -$289.0K 1.954M $6.002M
Net Change In Cash -$1.092M 1.676M $1.529M
YoY Change -555.0% -331.81% -609.67%
FREE CASH FLOW
Cash From Operating Activities -$782.0K $747.0K -$1.650M
Capital Expenditures $21.00K $1.025M $2.823M
Free Cash Flow -$803.0K -$278.0K -$4.473M
YoY Change -42.52% -111.21% -206.63%

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304000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Deferred Revenue
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744000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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2321000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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2823000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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1874000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Finance Lease Principal Payments
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CY2021 us-gaap Proceeds From Lines Of Credit
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500000 usd
CY2022 us-gaap Repayments Of Related Party Debt
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29594000 usd
CY2021 us-gaap Repayments Of Related Party Debt
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CY2022 us-gaap Proceeds From Related Party Debt
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CY2021 us-gaap Proceeds From Related Party Debt
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24750000 usd
CY2021 nanx Proceeds From Related Party Term Loan
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500000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
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182000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
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234000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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6002000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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1529000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-300000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
657000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
957000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2186000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
657000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
333000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
218000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
971000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
414000 usd
CY2021 nanx Conversion Of Convertible Loan Related Party
ConversionOfConvertibleLoanRelatedParty
2000000 usd
CY2021 us-gaap Stock Issued1
StockIssued1
19000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_804_eus-gaap--NatureOfOperations_zEzIv0y6FbMl" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 48px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(1)</b></span></td> <td id="xdx_826_zg8RpTqyAXUf" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Description of Business</b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">Nanophase Technologies Corporation (“Nanophase,” “Company,” “we,” “our,” or “us”) is a science-driven company which, along with its wholly owned subsidiary, Solésence, LLC (our “Solésence beauty science subsidiary”), is focused in various beauty- and life-science markets.  Using consumer health as our end-goal and science and innovation to guide the path, skin health and medical diagnostics combined currently make up the great majority of our business and drive our forward growth strategy.  We offer engineered materials, formulation development and commercial manufacturing through an integrated family of technologies. Our expertise in materials engineering allows us to effectively coat and disperse particles on a nano and “non-nano” scale for use in a variety of skin health markets, including for use in sunscreens as active ingredients and as fully developed prestige skin care and cosmetics products, marketed and sold through our Solésence beauty science subsidiary.  In terms of our life sciences focus, we have seen current conditions significantly increase demand for our medical diagnostics ingredients, as testing for various viruses, most notably COVID-19, has become a critical use of our technology.<span style="text-decoration: line-through"> </span> Additionally, we continue to sell products in legacy markets, including architectural coatings, industrial coating applications, abrasion-resistant additives, plastics additives, and surface finishing technologies (polishing) applications, all of which, along with medical diagnostics, fall into the advanced materials product category. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> We target markets<span style="text-decoration: line-through">,</span> primarily related to skin health products and ingredients<span style="text-decoration: line-through">,</span> as well as diagnostic life sciences ingredients where we believe our materials and products offer practical and competitive minerals-based solutions. We traditionally work closely with current customers in these target markets to identify their material and performance requirements. We market our materials to various end-use applications manufacturers, and our Solésence® products to cosmetics and skin care brands.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recently developed technologies have made certain new products possible and opened potential new markets. During 2015 we were granted a patent on a new type of particle surface treatment (coating) — now called Active Stress Defense ™ Technology — which became the cornerstone of our new product development in personal care, with first revenue recognized during 2016. Active Stress Defense™ now refers to a suite of three proprietary technologies — Original Active Stress Defense™, Kleair™, and Bloom™ — all three of which either utilize a unique and proprietary, mineral-based technology or work synergistically with one of our unique and proprietary, mineral-based technologies to improve performance and/or aesthetics. Our ongoing innovation efforts include new IP in areas that advance environmental protection, align with market needs, and complement our existing technologies Through the creation of our Solésence beauty science subsidiary, we utilize our technology suite to manufacture and sell fully developed solutions to targeted customers in the skin care industry, typically in prestige skin care and cosmetics markets, in addition to the ingredients we have traditionally sold in the personal care area. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although our primary strategic focus has been the North American market, we currently sell materials to customers overseas and have been working to expand our reach within foreign markets. Our common stock trades on the OTCQB marketplace under the symbol NANX. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">While product sales comprise the majority of our revenue, we also recognize revenue from other sources from time to time. These activities are not expected to drive the long-term growth of the business. For this reason, we classify such revenue as “other revenue” in our Consolidated Statements of Operations, as it does not represent revenue directly from the sale of our products. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company recorded a net loss and negative cash flow from operations in 2022.  Management believes that <span style="background-color: white">current liquidity and available borrowing capacity are sufficient to fund operations and there is not substantial doubt regarding the Company’s ability to continue as a going concern.</span></span></p>
CY2022 us-gaap Use Of Estimates
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CY2022Q4 us-gaap Deferred Income
DeferredIncome
2188000 usd
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
222000 usd
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
214000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8000 usd
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8000 usd
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
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230000 usd
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
222000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
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CY2021Q4 us-gaap Contract With Customer Liability
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1444000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
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4734000 usd
CY2022Q4 us-gaap Contract With Customer Liability
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2188000 usd
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2932000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
411000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3937000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1444000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
667000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
260000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2051000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2018000 shares
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-2623000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
2320000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49117000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45021173 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2018000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49117000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47039173 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2022 us-gaap Prior Period Reclassification Adjustment Description
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<p id="xdx_841_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zijZHWk12Saa" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_860_zh9YKG5AqJP8">Reclassification from prior period</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has reclassified a portion of the current ROU liability to non-current as of December 31, 2021, to be consistent with the classifications at December 31, 2022. This reclassification resulted in a decrease of $<span id="xdx_90A_eus-gaap--LiabilitiesCurrent_iNI_pn3n3_di_c20211231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zIJxCrSnYmM2" title="Total current liabilities">1,394</span> to “Current portion of operating lease obligations” and “Total current liabilities” and an increase in “Long-term portion of operating lease liabilities” and “Total long-term liabilities” of $<span id="xdx_903_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_c20211231__srt--RestatementAxis__srt--RestatementAdjustmentMember_z4ARXgDnHU2k" title="Long-term operating lease obligations">1,394</span>. The current and long-term portion of operating lease obligations were previously presented as $<span id="xdx_904_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3_c20211231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zZSjwacsNvz2" title="Current operating lease obligations">1,983</span> and $<span id="xdx_90C_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_c20211231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_z9Rcgx3m0jK6" title="Long-term operating lease obligations">10,306</span>, respectively in the December 31, 2021 financial statements. The current and long-term portion of operating lease obligations have been retrospectively presented as $<span id="xdx_905_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3_c20211231_zE60YE7YxpWl" title="Current operating lease obligations">589</span> and $<span id="xdx_90C_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_c20211231_zTHjgUcKg5I1" title="Long-term operating lease obligations">11,700</span>, respectively, as of December 31, 2021.</span></p>
CY2021Q4 us-gaap Operating Lease Liability Current
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589000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11700000 usd
CY2022 nanx Related Party Interest Expense
RelatedPartyInterestExpense
356000 usd
CY2021 nanx Related Party Interest Expense
RelatedPartyInterestExpense
1129000 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
49000 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
13000 usd
CY2022Q4 us-gaap Inventory Raw Materials
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6797000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4413000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2041000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1682000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
8839000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
6095000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29115000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
25322000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21166000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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20610000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7949000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4712000 usd
CY2022 us-gaap Depreciation
Depreciation
557000 usd
CY2021 us-gaap Depreciation
Depreciation
444000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8978000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9823000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 usd
CY2022Q4 us-gaap Tenant Improvements
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1957000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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97000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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11700000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
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33000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
52000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
18000 usd
CY2022 nanx Lease Costs Finance
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37000 usd
CY2021 nanx Lease Costs Finance
LeaseCostsFinance
70000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
2068000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
554000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
536000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
134000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
138000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
49000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
689000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
2053000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
737000 usd
CY2022 us-gaap Lease Cost
LeaseCost
2090000 usd
CY2021 us-gaap Lease Cost
LeaseCost
807000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1433000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
741000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Operating Activities
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12000 usd
CY2021 us-gaap Payment For Contingent Consideration Liability Operating Activities
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10505000 usd
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73000 usd
CY2022 nanx Reduction In Right Of Use Asset Due To Remeasurement
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1793000 usd
CY2022 nanx Reduction In Lease Liability Due To Remeasurement
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1898000 usd
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P0Y8M12D
CY2022Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P9Y7M6D
CY2021Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P9Y6M
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.093 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.076 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.075 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
97000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2029000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1473000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1471000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1510000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Tax Credit Carryforward Valuation Allowance
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CY2021Q4 us-gaap Tax Credit Carryforward Valuation Allowance
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CY2022Q4 us-gaap Operating Loss Carryforwards
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CY2022Q4 us-gaap Preferred Stock Shares Authorized
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24088 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
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24088 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0 pure
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P4Y10M24D
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1230000 usd
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0.86
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1126000 usd
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1119100 shares
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153000 usd
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107000 usd
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2973000 usd
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2462000 usd
CY2022Q4 nanx Equipment Sale Net Book Value Equipment
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1.15 pure
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RevenueFromContractWithCustomerExcludingAssessedTax
37317000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29475000 usd

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