2021 Q4 Form 10-Q Financial Statement

#000152828721000018 Filed on November 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $11.00M $10.34M
YoY Change -19.04%
Cost Of Revenue $2.921M $2.832M
YoY Change -11.39%
Gross Profit $8.076M $7.507M
YoY Change -21.6%
Gross Profit Margin 73.44% 72.61%
Selling, General & Admin $11.75M $9.421M
YoY Change 33.63%
% of Gross Profit 145.44% 125.5%
Research & Development $5.345M $4.329M
YoY Change 17.29%
% of Gross Profit 66.18% 57.67%
Depreciation & Amortization $79.00K $100.0K
YoY Change 0.0%
% of Gross Profit 0.98% 1.33%
Operating Expenses $17.09M $13.75M
YoY Change 28.01%
Operating Profit -$9.015M -$6.243M
YoY Change 435.42%
Interest Expense -$1.414M $1.826M
YoY Change -34.6%
% of Operating Profit
Other Income/Expense, Net -$264.0K -$14.00K
YoY Change -91.67%
Pretax Income -$10.69M -$8.083M
YoY Change 95.71%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$10.69M -$8.083M
YoY Change 95.9%
Net Earnings / Revenue -97.24% -78.18%
Basic Earnings Per Share -$0.34
Diluted Earnings Per Share -$441.0K -$0.34
COMMON SHARES
Basic Shares Outstanding 24.31M shares 24.10M shares
Diluted Shares Outstanding 24.10M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $115.6M $123.3M $38.08M
YoY Change 203.54%
Cash & Equivalents $19.19M $26.63M $26.39M
Short-Term Investments $96.40M $96.70M $11.69M
Other Short-Term Assets $2.319M $3.383M
YoY Change
Inventory $7.822M $7.162M $6.909M
Prepaid Expenses
Receivables $7.091M $6.611M $8.395M
Other Receivables $0.00 $0.00
Total Short-Term Assets $132.8M $140.5M $54.56M
YoY Change 143.42%
LONG-TERM ASSETS
Property, Plant & Equipment $603.0K $624.0K $515.0K
YoY Change 17.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.00K $21.00K $23.00K
YoY Change -8.7%
Total Long-Term Assets $746.0K $767.0K $1.388M
YoY Change -46.25%
TOTAL ASSETS
Total Short-Term Assets $132.8M $140.5M $54.56M
Total Long-Term Assets $746.0K $767.0K $1.388M
Total Assets $133.6M $141.3M $55.95M
YoY Change 138.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.378M $1.254M $949.0K
YoY Change 45.21%
Accrued Expenses $7.923M $7.420M $6.603M
YoY Change 19.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $2.043M
YoY Change -100.0%
Total Short-Term Liabilities $9.301M $8.674M $9.595M
YoY Change -3.06%
LONG-TERM LIABILITIES
Long-Term Debt $49.85M $49.58M $50.82M
YoY Change -1.92%
Other Long-Term Liabilities $0.00 $248.0K $274.0K
YoY Change -100.0%
Total Long-Term Liabilities $49.85M $49.83M $51.10M
YoY Change -2.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.301M $8.674M $9.595M
Total Long-Term Liabilities $49.85M $49.83M $51.10M
Total Liabilities $60.06M $59.55M $62.36M
YoY Change -3.69%
SHAREHOLDERS EQUITY
Retained Earnings -$423.8M -$413.1M -$387.7M
YoY Change 9.31%
Common Stock $24.00K $24.00K $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $73.50M $81.71M -$147.8M
YoY Change
Total Liabilities & Shareholders Equity $133.6M $141.3M $55.95M
YoY Change 138.72%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income -$10.69M -$8.083M
YoY Change 95.9%
Depreciation, Depletion And Amortization $79.00K $100.0K
YoY Change 0.0%
Cash From Operating Activities -$8.203M -$4.424M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$154.0K -$178.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$12.00K
YoY Change
Cash From Investing Activities -$154.0K -$190.0K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 911.0K 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -8.203M -4.424M
Cash From Investing Activities -154.0K -190.0K
Cash From Financing Activities 911.0K 0.000
Net Change In Cash -7.446M -4.614M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$8.203M -$4.424M
Capital Expenditures -$154.0K -$178.0K
Free Cash Flow -$8.049M -$4.246M
YoY Change

Facts In Submission

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37000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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290000 USD
CY2020Q2 us-gaap Stockholders Equity
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CY2020Q3 us-gaap Net Income Loss
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CY2020Q3 npce Conversion Of Convertible Notes Into Redeemable Convertible Preferred Stock Value
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4148000 USD
CY2020Q3 npce Reduction Of Redeemable Convertible Preferred Stock Liquidation Value
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228000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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301000 USD
CY2020Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Depreciation
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217000 USD
us-gaap Depreciation
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241000 USD
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200000 USD
us-gaap Amortization Of Financing Costs And Discounts
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5337000 USD
npce Increase Decrease In Non Cash Interest Expense
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608000 USD
npce Increase Decrease In Non Cash Interest Expense
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1350000 USD
us-gaap Paid In Kind Interest
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us-gaap Paid In Kind Interest
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us-gaap Inventory Write Down
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185000 USD
us-gaap Inventory Write Down
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546000 USD
us-gaap Gain Loss On Sale Of Investments
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0 USD
us-gaap Gain Loss On Sale Of Investments
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us-gaap Fair Value Adjustment Of Warrants
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5236000 USD
us-gaap Fair Value Adjustment Of Warrants
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us-gaap Increase Decrease In Derivative Liabilities
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0 USD
us-gaap Increase Decrease In Derivative Liabilities
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us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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2038000 USD
us-gaap Depreciation
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200000 USD
us-gaap Increase Decrease In Inventories
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438000 USD
us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2227000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-212000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
259000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
45000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1296000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
933000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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0 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
317000 USD
us-gaap Increase Decrease In Deferred Liabilities
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us-gaap Increase Decrease In Deferred Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
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230000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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0 USD
CY2020Q2 us-gaap Deferred Rent Credit Current
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300000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
6300000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
85012000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
7005000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
109089000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3392000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
0 USD
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
31696000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
4090000 USD
us-gaap Repayments Of Debt
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42121000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
54047000 USD
CY2021Q3 us-gaap Restricted Cash Noncurrent
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122000 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Payments Of Debt Issuance Costs
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854000 USD
us-gaap Proceeds From Related Party Debt
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0 USD
us-gaap Proceeds From Related Party Debt
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11867000 USD
us-gaap Proceeds From Convertible Debt
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0 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
12514000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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101615000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55288000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
39382000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26756000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4123000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26755000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43505000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26633000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43139000 USD
CY2020Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
366000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26755000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43505000 USD
us-gaap Interest Paid Net
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4740000 USD
us-gaap Interest Paid Net
InterestPaidNet
2813000 USD
npce Increase Decrease In Accrued Liabilities Early Exercise Of Options
IncreaseDecreaseInAccruedLiabilitiesEarlyExerciseOfOptions
4000 USD
npce Increase Decrease In Accrued Liabilities Early Exercise Of Options
IncreaseDecreaseInAccruedLiabilitiesEarlyExerciseOfOptions
0 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
97000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
us-gaap Conversion Of Stock Amount Converted1
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0 USD
us-gaap Conversion Of Stock Amount Converted1
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34113000 USD
npce Extinguishment Of Derivative Liability
ExtinguishmentOfDerivativeLiability
0 USD
npce Extinguishment Of Derivative Liability
ExtinguishmentOfDerivativeLiability
6239000 USD
npce Class Of Warrant Or Right Warrants Issued
ClassOfWarrantOrRightWarrantsIssued
0 USD
npce Class Of Warrant Or Right Warrants Issued
ClassOfWarrantOrRightWarrantsIssued
550000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
94000 USD
CY2021Q2 us-gaap Common Stock Shares Authorized
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200000000 shares
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2021Q2 us-gaap Preferred Stock Shares Authorized
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CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16400000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q3 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
123300000 USD
CY2021Q2 npce Debt Instrument Covenant Minimum Annual Net Revenue
DebtInstrumentCovenantMinimumAnnualNetRevenue
43000000 USD
CY2021Q2 npce Debt Instrument Covenant Minimum Cash And Cash Equivalents Required After Completion Of Ipo
DebtInstrumentCovenantMinimumCashAndCashEquivalentsRequiredAfterCompletionOfIPO
5000000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of unaudited interim condensed financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts and disclosures reported in the financial statements. The Company uses significant judgment when making estimates related to the valuation of its common stock and related stock-based compensation, the valuation of deferred tax assets and related valuation allowances, provision for excess and obsolete inventories, the valuation of derivative financial instruments and redeemable </span></div>convertible preferred stock warrant liability. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results may ultimately materially differ from these estimates and assumptions.
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk, and Other Risks and Uncertainties</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents, short-term investments and accounts receivable to the extent of the amounts recorded on the balance sheet. The Company’s cash is invested in one major financial institution in the United States. Deposits in this financial institution may exceed federally insured limits. The Company’s cash equivalents are invested in money market funds.</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s accounts receivable are due from a variety of health care organizations in the United States. For the three and nine months ended September 30, 2021 and 2020, there were no customers that represented 10% or more of revenue. As of September 30, 2021 and December 31, 2020, no customer represented 10% or more of the Company’s accounts receivable.</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to certain risks, including that its devices may not be approved or cleared or continue to be approved or cleared for marketing by governmental authorities or be successfully marketed for expanded indications. There can be no assurance that the Company’s products will achieve widespread adoption in the marketplace, nor can there be any assurance that existing devices or any future devices can be developed or manufactured at an acceptable cost and speed and with appropriate performance characteristics. The Company is also subject to risks common to companies in the medical device industry, including, but not limited to, new technological innovations, dependence on healthcare providers to prescribe initial implants and replacements, dependence upon third-party payors to provide adequate coverage and reimbursement, dependence on key personnel, single-source suppliers and vendors in connection with the manufacture of its products, concentration of Level 4 CECs and epileptologists, obtaining, maintaining, protecting, enforcing, and defending intellectual property rights and proprietary technology, product liability claims, legal proceedings, and compliance with government regulations.</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s medical devices require approvals or clearances from the U.S. Food and Drug Administration, or the FDA, or international regulatory agencies. In addition, in order to continue the Company’s operations, compliance with various federal and state laws is required. If approvals or clearances were withdrawn by the FDA for the Company’s current products or if such approvals or clearances were denied or delayed for future products, product updates, or expanded indications for use, it would have a material adverse impact on the Company.</span></div>
CY2020Q4 us-gaap Deferred Costs
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500000 USD
CY2021Q3 us-gaap Deferred Costs
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0 USD
CY2021Q2 npce Research And Development Arrangement With Federal Government Term
ResearchAndDevelopmentArrangementWithFederalGovernmentTerm
P5Y
CY2021Q2 npce Research And Development Arrangement With Federal Government Total Estimated Cost
ResearchAndDevelopmentArrangementWithFederalGovernmentTotalEstimatedCost
9300000 USD
us-gaap Research And Development Arrangement Contract To Perform For Others Compensation Earned
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800000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
25312000 USD
CY2021Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
96701000 USD
CY2021Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
122013000 USD
CY2021Q3 us-gaap Liabilities Fair Value Disclosure
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0 USD
CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
5062000 USD
CY2020Q4 us-gaap Investments Fair Value Disclosure
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11689000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
16751000 USD
CY2020Q4 us-gaap Derivative Liabilities
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369000 USD
CY2020Q4 us-gaap Liabilities Fair Value Disclosure
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369000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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96668000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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11656000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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33000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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33000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
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96701000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
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11689000 USD
CY2021Q3 us-gaap Inventory Raw Materials
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1596000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1721000 USD
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1467000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1487000 USD
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4099000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3701000 USD
CY2021Q3 us-gaap Inventory Net
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7162000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
6909000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
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9002000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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8676000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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8378000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8161000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
624000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
515000 USD
CY2021Q3 us-gaap Depreciation
Depreciation
100000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
100000 USD
us-gaap Depreciation
Depreciation
200000 USD
CY2020Q4 npce Accrued And Employee Related Liabilities Current
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6603000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5618000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4565000 USD
CY2021Q3 npce Accrued Inventory Liability Current
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340000 USD
CY2020Q4 npce Accrued Inventory Liability Current
AccruedInventoryLiabilityCurrent
636000 USD
CY2021Q3 us-gaap Accrued Professional Fees Current
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164000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
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279000 USD
CY2021Q3 us-gaap Deferred Rent Credit Current
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407000 USD
CY2020Q4 us-gaap Deferred Rent Credit Current
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666000 USD
CY2021Q3 npce Accrued Clinical Trial Expense Current
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0 USD
CY2020Q4 npce Accrued Clinical Trial Expense Current
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107000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
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891000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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350000 USD
CY2021Q3 npce Accrued And Employee Related Liabilities Current
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7420000 USD
CY2018Q2 npce Operating Lease Renewal Term
OperatingLeaseRenewalTerm
P5Y
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
8882000 USD
CY2020Q4 npce Operating Lease Deferred Rent Interest Rate Annual Rate
OperatingLeaseDeferredRentInterestRateAnnualRate
0.080
CY2021Q3 us-gaap Lease And Rental Expense
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700000 USD
CY2020Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
700000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2100000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2000000 USD
CY2021Q3 us-gaap Deferred Rent Credit
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1400000 USD
CY2020Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
2000000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
777000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
3172000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3267000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1666000 USD
CY2020Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.125
CY2021Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.1566
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
60757386 shares
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
16614178 shares
CY2020Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
16614178 shares
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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141422000 USD
CY2020Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
227755000 USD
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020 us-gaap Dividends Common Stock Cash
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0 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0 USD
CY2021Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
6935379 shares
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
20615380 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
818889 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2835265 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.03
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y6M25D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
2900000 shares
npce Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Retired During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesRetiredDuringPeriod
485581 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
577144 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
577144 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
13.35
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
265498 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.03
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
57090 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
57090 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.64
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2713254 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3089821 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.50
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y25D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
869981 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.48
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y9M29D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3089821 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.50
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P9Y25D
CY2021Q3 npce Share Based Compensation Arrangement By Share Based Payment Award Options Subject To Repurchase
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSubjectToRepurchase
192741 shares
CY2020Q4 npce Share Based Compensation Arrangement By Share Based Payment Award Options Subject To Repurchase
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSubjectToRepurchase
30802 shares
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.85
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
13746 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
23.79
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1107000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
301000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2412000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
892000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1107000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
301000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2412000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
892000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
17300000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y6M
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-8083000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-4126000 USD
us-gaap Net Income Loss
NetIncomeLoss
-25387000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19660000 USD
CY2021Q3 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
0 USD
CY2020Q3 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
228000 USD
us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
0 USD
us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
228000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8083000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3898000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25387000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19432000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24101399 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24101399 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
202408 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
202408 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14061958 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14061958 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
202382 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
202382 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.34
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.34
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-19.26
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-19.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-96.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-96.02
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3892380 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17133911 shares

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