2023 Q1 Form 10-K Financial Statement

#000165495423004699 Filed on April 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $3.308M $3.329M $14.45M
YoY Change -4.54% 92529.38% 4.09%
Cost Of Revenue $1.168M $3.042M $11.41M
YoY Change -55.98% 8.84% 20.05%
Gross Profit $2.140M $286.7K $3.046M
YoY Change 163.42% -64.1% -30.51%
Gross Profit Margin 64.7% 8.61% 21.08%
Selling, General & Admin $518.8K $569.0K $2.168M
YoY Change -4.01% 12.83% 21.05%
% of Gross Profit 24.24% 198.48% 71.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $201.3K $235.9K $943.0K
YoY Change -14.29% -54.82% -29.1%
% of Gross Profit 9.4% 82.3% 30.96%
Operating Expenses $1.168M $681.6K $11.41M
YoY Change 78.74% -24.62% 20.05%
Operating Profit $1.526M -$394.9K $427.7K
YoY Change 858.73% 372428.3% -75.47%
Interest Expense $383.3K -$558.6K $1.626M
YoY Change 12.11% 61.73% 19.43%
% of Operating Profit 25.12% 380.21%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $1.142M -$953.5K -$1.199M
YoY Change -725.19% 211316.85% -413.78%
Income Tax $274.2K -$80.52K -$142.4K
% Of Pretax Income 24.0%
Net Earnings $868.3K -$873.0K -$1.056M
YoY Change -735.18% 269335.19% -307.29%
Net Earnings / Revenue 26.25% -26.22% -7.31%
Basic Earnings Per Share $0.04 -$0.05
Diluted Earnings Per Share $0.04 -$0.04 -$0.05
COMMON SHARES
Basic Shares Outstanding 22.22M shares 22.22M shares 22.22M shares
Diluted Shares Outstanding 23.63M shares 23.51M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $463.3K $785.5K $785.5K
YoY Change -42.66% -37.83% -37.83%
Cash & Equivalents $463.3K $785.5K
Short-Term Investments
Other Short-Term Assets $401.4K $424.8K $424.8K
YoY Change -9.11% 2.29% 2.29%
Inventory $1.007M $997.9K $997.9K
Prepaid Expenses $401.4K $424.8K
Receivables $377.6K $350.2K $824.1K
Other Receivables $1.460M $0.00 $0.00
Total Short-Term Assets $4.183M $3.032M $3.032M
YoY Change 33.37% -15.24% -15.24%
LONG-TERM ASSETS
Property, Plant & Equipment $4.631M $4.713M $10.37M
YoY Change -59.12% -8.48% -6.99%
Goodwill $278.5K $278.5K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.044M $4.309M $4.309M
YoY Change 934.72% 1228.25% 6.59%
Total Long-Term Assets $14.82M $15.31M $15.31M
YoY Change -8.14% -3.09% -3.09%
TOTAL ASSETS
Total Short-Term Assets $4.183M $3.032M $3.032M
Total Long-Term Assets $14.82M $15.31M $15.31M
Total Assets $19.00M $18.34M $18.34M
YoY Change -1.38% -5.33% -5.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $598.8K $650.6K $650.6K
YoY Change -1.45% -29.22% -29.22%
Accrued Expenses $799.2K $799.2K $799.2K
YoY Change 19.49% 21.8% 21.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $866.7K $866.7K
YoY Change
Total Short-Term Liabilities $2.398M $2.316M $2.316M
YoY Change 87.87% 47.05% 47.05%
LONG-TERM LIABILITIES
Long-Term Debt $7.956M $8.094M $8.094M
YoY Change -7.6% -4.74% -4.74%
Other Long-Term Liabilities $5.903M $6.066M $6.066M
YoY Change -10.72% -5.36% -5.36%
Total Long-Term Liabilities $13.86M $14.16M $14.16M
YoY Change -8.96% -5.0% -5.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.398M $2.316M $2.316M
Total Long-Term Liabilities $13.86M $14.16M $14.16M
Total Liabilities $16.26M $16.48M $16.48M
YoY Change -1.46% -0.03% -0.03%
SHAREHOLDERS EQUITY
Retained Earnings -$22.08M -$22.95M
YoY Change 4.82%
Common Stock $24.83M $24.82M
YoY Change 0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.741M $1.867M $1.867M
YoY Change
Total Liabilities & Shareholders Equity $19.00M $18.34M $18.34M
YoY Change -1.38% -5.33% -5.33%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $868.3K -$873.0K -$1.056M
YoY Change -735.18% 269335.19% -307.29%
Depreciation, Depletion And Amortization $201.3K $235.9K $943.0K
YoY Change -14.29% -54.82% -29.1%
Cash From Operating Activities -$192.2K $6.640K $29.58K
YoY Change -1870.79% -98.14% -98.05%
INVESTING ACTIVITIES
Capital Expenditures $13.34K -$35.89K $507.6K
YoY Change -97.14% -95.94% -64.99%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$13.34K $35.89K -$507.6K
YoY Change -97.14% -104.06% -64.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$116.7K 0.000 $0.00
YoY Change
NET CHANGE
Cash From Operating Activities -$192.2K 6.640K $29.58K
Cash From Investing Activities -$13.34K 35.89K -$507.6K
Cash From Financing Activities -$116.7K 0.000 $0.00
Net Change In Cash -$322.2K 42.53K -$478.0K
YoY Change -29.26% -108.09% -791.24%
FREE CASH FLOW
Cash From Operating Activities -$192.2K $6.640K $29.58K
Capital Expenditures $13.34K -$35.89K $507.6K
Free Cash Flow -$205.6K $42.53K -$478.0K
YoY Change -54.87% -96.57% -791.24%

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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Repayments Of Convertible Debt
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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EarningsPerShareDilutedDistributed
0.02
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Use of Estimates: The preparation of the consolidated financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. After a thorough review by management in 2018, the Company permanently wrote off $1.3 million and created an additional reserve for possible non-collection of $2.8 million. After a review in 2019 and also considering the impact of the COVID-19 pandemic, it was decided to add an additional reserve of $1.3 million for possible non-collections. In 2020, in light of the additional uncertainty created as a result of the COVID-19 pandemic, the Company decided to create a reserve for uncollectability on all long-term franchisee receivables. The Company will continue to pursue collection where circumstances are appropriate and all collections of these receivables in the future will result in additional income at the time received. The Company evaluates its property and equipment and related costs periodically to assess whether any impairment indications are present, including recurring operating losses and significant adverse changes in legal factors or business climate that affect the recovery of recorded value. If any impairment of an individual asset is evident, a loss would be provided to reduce the carrying value to its estimated fair value.</p>
CY2022 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
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AdditionalReserveForNoncollection
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CY2022Q4 nrom Additional Reserve
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DebtIssuanceCostsLineOfCreditArrangementsNet
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NetIncomeLossAttributableToParentDiluted
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CY2022 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
0.04
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DeferredIncomeTaxesAndTaxCredits
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AdditionalTaxExpense
400000 usd
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AdditionalTaxExpense
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CY2020 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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DeferredTaxAssetsOther
3200000 usd
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DeferredTaxAssetsOther
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CY2022 us-gaap Taxes And Licenses
TaxesAndLicenses
142135 usd
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NetIncomeLoss
-5381946 usd
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EarningsLossPerShareBasic
-0.24
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NetIncomeLossAttributableToParentDiluted
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23465512 shares
CY2020 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
0.24
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NetIncomeLoss
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EarningsLossPerShareBasic
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CY2022 nrom Discription
Discription
tax credit was equal to 50% of the qualified wages an eligible employer paid to employees after March 12, 2020 and before January 1, 2021. The credit was also limited to a maximum annual per employee credit of $5,000. The credit was then extended through June 30, 2021 by the Tax Payer Certainty and Disaster Relief Act (“Relief Act”) (Division EE of the Consolidated Appropriations Act). The Relief Act modified the credit to be 70% of up to $10,000 of qualified wages per quarter in 2021 through June 30, 2021
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1718000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
171800 usd
CY2020Q1 nrom Note Payable Principle Value
NotePayablePrincipleValue
8000000.0 usd
CY2022Q4 nrom Line Of Credit Principal
LineOfCreditPrincipal
8736388 usd
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UnamortizedDebtIssuanceExpense
369784 usd
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LineOfCredit
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CY2022 nrom Description Of Warrant Price
DescriptionOfWarrantPrice
In the fourth quarter of 2016, the Company issued 32 Units, for a purchase price of $50,000 per Unit, or $1,600,000 in the aggregate and, in January 2017, the Company issued another 16 Units, or an additional $800,000 in the aggregate. Each $50,000 Unit consisted of a convertible, subordinated, unsecured promissory note (the “Notes”) in an aggregate principal amount of $50,000 and warrants (the “Warrants”) to purchase up to 50,000 shares of the Company’s Common Stock, no par value per share. The Company issued Units to investors including the following related parties: Paul W. Mobley, the Company’s Executive Chairman, Chief Financial Officer and a director of the Company ($150,000); and Herbst Capital Management, LLC, the principal of which is Marcel Herbst, a director of the Company ($200,000).
CY2022 nrom Description Of Interest On Accrued Notes
DescriptionOfInterestOnAccruedNotes
the Company offered to extend the maturity of the Notes and the expiration date of the Warrants to January 2023. Certain of the holders of the Notes and Warrants accepted the Company’s offer. Accordingly, of the principal amount of the Notes, holders of $775,000 in principal amount extended their Notes until January 31, 2023. In 2018 and 2019, holders of $500,000 in principal amount of the Notes converted those Notes to 1,000,000 shares of the Company’s Common Stock in accordance with the terms of the Note. In February 2020, in conjunction with the Company’s refinancing of its debt, $1,275,000 in principal amount of those Notes was repaid leaving a balance of $625,000 which mature on January 31, 2023. The holders of the remaining $625,000 principal amount of Notes can elect, at their option any time prior to maturity, convert those Notes to Common Stock in accordance with the terms of the Notes.
CY2023Q1 nrom Note Payable Principle Amount
NotePayablePrincipleAmount
775000 usd
CY2020Q1 nrom Description Of Warrant Price
DescriptionOfWarrantPrice
Warrants at a price of $0.001 per share of Common Stock subject to the Warrant upon 30 days’ notice if the daily average weighted trading price of the Common Stock equals or exceeds $2.00 per share for a period of 30 consecutive trading days.
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
625000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
2136 usd
CY2022 us-gaap Revenue Recognition Services Royalty Fees
RevenueRecognitionServicesRoyaltyFees
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Note 4: Royalties and Fees</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Approximately $198,000, $204,000 and $293,500 are included in 2020, 2021 and 2022, respectively, royalties and fees in the Consolidated Statements of Operations for amortized initial franchise fees. Also included in royalties and fees were approximately $45,000, $32,000 and $61,000 in 2020, 2021 and 2022, respectively, for equipment commissions. Most of the cost for the services required to be performed by the Company are incurred prior to the franchise fee income being recorded which is based on contractual liability for the franchisee. Such incremental costs, include training, design and related travel cost to new franchises. The deferred contract income and costs approximated $810,000 on December 31, 2021 and $934,000 on December 31, 2022.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In conjunction with the development of Noble Roman’s Pizza and Tuscano’s Italian Style Subs, the Company has devised its own recipes for many of the ingredients that go into the making of its products (“Proprietary Products”). The Company contracts with various manufacturers to manufacture its Proprietary Products in accordance with the Company’s recipes and formulas and to sell those products to authorized distributors at a contract price which includes an allowance for use of the Company’s recipes. The manufacturing contracts also require the manufacturers to hold those allowances in trust and to remit those allowances to the Company on a periodic basis, usually monthly. The Company recognizes those allowances in revenue as earned based on sales reports from the distributors.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During the 12-month period ended December 31, 2022 there were no company-operated or franchised Craft Pizza &amp; Pub restaurants opened or closed. During the same twelve-month period there were 31 new non-traditional outlets opened and seven non-traditional outlets closed.</p>
CY2021Q4 nrom Deferred Contract Income And Costs
DeferredContractIncomeAndCosts
810000 usd
CY2022Q4 nrom Deferred Contract Income And Costs
DeferredContractIncomeAndCosts
934000 usd
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OperatingLeasesFutureMinimumPaymentsDue
153100 usd
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OperatingLeasesFutureMinimumPaymentsDueCurrent
1600000 usd
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OperatingLeasesFutureMinimumPaymentsDueInThreeYears
111500 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
16100 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
95300000000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07 pure
CY2022 nrom Weighted Average Lease Term
WeightedAverageLeaseTerm
P7Y3M18D
CY2022 us-gaap Lease Cost
LeaseCost
18775 usd
CY2021Q4 nrom Deferred Tax Asset
DeferredTaxAsset
3200000 usd
CY2022Q4 nrom Deferred Tax Asset
DeferredTaxAsset
3400000 usd
CY2022 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
1260000 usd
CY2021Q4 nrom Outstanding Principal Balance
OutstandingPrincipalBalance
625000 usd
CY2021Q4 nrom Convertible Note Common Stock Price Per Shares
ConvertibleNoteCommonStockPricePerShares
0.50
CY2022 nrom Warrants Purchase Shares
WarrantsPurchaseShares
775000 shares
CY2022Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.57
CY2021 nrom Warrants Purchase Shares
WarrantsPurchaseShares
150000 shares
CY2022 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
2250000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4141167 shares
CY2021 nrom Tax Benefit
TaxBenefit
6861 usd
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28168 usd
CY2022 nrom Tax Benefit
TaxBenefit
6873 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
26106 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.20 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P3Y
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0.0168 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0282 pure
CY2020 nrom Stock Options Outstanding Begining
StockOptionsOutstandingBegining
3978167 shares
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443500 shares
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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0 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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4421667 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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463500 shares
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30000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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4855167 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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520000 shares
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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59000 shares
CY2022 nrom Stock Options Outstanding Begining
StockOptionsOutstandingBegining
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CY2020 nrom Non Vested Stock Options Outstanding Beggining
NonVestedStockOptionsOutstandingBeggining
731336 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
443500 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
212500 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
463500 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
354336 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
30000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1041500 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
520000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
327500 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
59000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1175000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.40
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.70
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.22
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
21536 usd
CY2020 nrom Tax Benefit
TaxBenefit
5168 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
28119 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P36M
CY2022Q4 nrom Warrant Purchase Shares
WarrantPurchaseShares
50000 shares
CY2022Q4 nrom Aggregate Principal Amount Of Note Payable
AggregatePrincipalAmountOfNotePayable
50000 usd
CY2022 dei Auditor Name
AuditorName
Somerset CPA’s, P.C.
CY2022 dei Auditor Location
AuditorLocation
Indianapolis, Indiana
CY2022 dei Auditor Firm
AuditorFirmId
752

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