2022 Q3 Form 10-Q Financial Statement

#000149315222021416 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $188.2K $236.7K $51.84K
YoY Change -73.12% 64.18% -88.68%
Cost Of Revenue $79.71K $193.1K $40.09K
YoY Change -51.62% 65.88% -68.76%
Gross Profit $108.5K $43.59K $11.75K
YoY Change -79.73% 57.06% -96.44%
Gross Profit Margin 57.65% 18.42% 22.67%
Selling, General & Admin $1.940M $1.800M $1.880M
YoY Change -16.23% 20.21% 45.75%
% of Gross Profit 1787.23% 4130.76% 15998.55%
Research & Development $152.2K $146.9K $143.4K
YoY Change 15.54% -47.67% -26.95%
% of Gross Profit 140.28% 337.01% 1220.6%
Depreciation & Amortization $26.86K $29.86K $31.58K
YoY Change -3.01% 15.82% 37.13%
% of Gross Profit 24.75% 68.51% 268.77%
Operating Expenses $2.393M $2.279M $2.296M
YoY Change -20.94% 5.11% 28.87%
Operating Profit -$2.284M -$2.236M -$2.284M
YoY Change -8.31% 4.43% 57.34%
Interest Expense $1.978K $2.070K -$80.00
YoY Change 349.55% 2.02% -100.01%
% of Operating Profit
Other Income/Expense, Net -$7.884K -$11.33K $76.63K
YoY Change -103.84%
Pretax Income -$2.292M -$2.247M -$2.207M
YoY Change -7.98% 21.76% 239.26%
Income Tax
% Of Pretax Income
Net Earnings -$2.292M -$2.247M -$2.207M
YoY Change -7.98% 21.76% 239.26%
Net Earnings / Revenue -1217.73% -949.54% -4258.1%
Basic Earnings Per Share -$0.22 -$0.22 -$0.21
Diluted Earnings Per Share -$218.3K -$214.0K -$210.3K
COMMON SHARES
Basic Shares Outstanding 10.50M shares 10.50M shares 10.50M shares
Diluted Shares Outstanding 524.9K shares 10.50M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.801M $6.934M $9.278M
YoY Change -63.25% -52.93% -44.92%
Cash & Equivalents $4.801M $6.933M $9.278M
Short-Term Investments
Other Short-Term Assets $177.7K $131.5K $165.3K
YoY Change 36.0% -21.89% 22.02%
Inventory $967.4K $783.7K $782.1K
Prepaid Expenses $177.7K $131.5K
Receivables $367.8K $291.8K $261.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.314M $8.140M $10.49M
YoY Change -57.1% -49.55% -42.11%
LONG-TERM ASSETS
Property, Plant & Equipment $244.8K $265.7K $288.9K
YoY Change 21.36% 68.7% 125.16%
Goodwill
YoY Change
Intangibles $1.084M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.329M $1.295M $1.268M
YoY Change 24.21% 36.18% 38.31%
TOTAL ASSETS
Total Short-Term Assets $6.314M $8.140M $10.49M
Total Long-Term Assets $1.329M $1.295M $1.268M
Total Assets $7.643M $9.435M $11.75M
YoY Change -51.59% -44.78% -38.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $403.5K $240.4K $320.6K
YoY Change 80.83% -23.87% 14.3%
Accrued Expenses $287.6K $253.8K $416.6K
YoY Change -33.51% 37.83% 91.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $820.9K $624.9K $897.5K
YoY Change 10.74% 10.9% -83.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $820.9K $624.9K $897.5K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $820.9K $624.9K $897.5K
YoY Change -5.92% -10.05% -84.01%
SHAREHOLDERS EQUITY
Retained Earnings -$47.38M -$45.08M
YoY Change
Common Stock $10.50K $10.50K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.822M $8.811M $10.86M
YoY Change
Total Liabilities & Shareholders Equity $7.643M $9.435M $11.75M
YoY Change -51.59% -44.78% -38.24%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$2.292M -$2.247M -$2.207M
YoY Change -7.98% 21.76% 239.26%
Depreciation, Depletion And Amortization $26.86K $29.86K $31.58K
YoY Change -3.01% 15.82% 37.13%
Cash From Operating Activities -$2.072M -$2.287M -$2.027M
YoY Change 36.31% 12.9% 63.39%
INVESTING ACTIVITIES
Capital Expenditures -$60.90K -$56.95K -$142.1K
YoY Change -58.5% -33.82% 546.79%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$60.90K -$56.95K -$142.1K
YoY Change -58.5% -33.82% 546.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -2.072M -2.287M -2.027M
Cash From Investing Activities -60.90K -56.95K -142.1K
Cash From Financing Activities 0.000 0.000
Net Change In Cash -2.133M -2.344M $0.00
YoY Change 27.97% 11.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$2.072M -$2.287M -$2.027M
Capital Expenditures -$60.90K -$56.95K -$142.1K
Free Cash Flow -$2.011M -$2.231M -$1.885M
YoY Change 46.45% 14.98% 54.68%

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28440 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.100
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.168
CY2021Q2 us-gaap Interest Expense
InterestExpense
2029 usd
us-gaap Interest Expense
InterestExpense
3389 usd
us-gaap Interest Expense
InterestExpense
3382 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11330 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
295353 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
65220 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1096290 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2247170 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1845547 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4454565 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2496207 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-2247170 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-1845547 usd
us-gaap Net Income Loss
NetIncomeLoss
-4454565 usd
us-gaap Net Income Loss
NetIncomeLoss
-2496207 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
75127 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2261390 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1859767 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4483005 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2571334 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10498802 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10493598 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10498802 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9149328 shares
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
10856766 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-2247170 usd
CY2022Q2 SGLB Adjustments To Additional Paid In Capital Stock Options Issued For Third Party Services
AdjustmentsToAdditionalPaidInCapitalStockOptionsIssuedForThirdPartyServices
11777 usd
CY2022Q2 SGLB Adjustments To Additional Paid In Capital Stock Options Awarded To Directors For Services
AdjustmentsToAdditionalPaidInCapitalStockOptionsAwardedToDirectorsForServices
21721 usd
CY2022Q2 SGLB Adjustments To Additional Paid In Capital Stock Options Awarded To Employees
AdjustmentsToAdditionalPaidInCapitalStockOptionsAwardedToEmployees
167439 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
8810533 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
13419732 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-1845547 usd
CY2021Q2 SGLB Adjustments To Additional Paid In Capital Extinguishment Of Derivative Liability
AdjustmentsToAdditionalPaidInCapitalExtinguishmentOfDerivativeLiability
4615771 usd
CY2021Q2 SGLB Adjustments To Additional Paid In Capital Common Shares Issued For Third Party Services
AdjustmentsToAdditionalPaidInCapitalCommonSharesIssuedForThirdPartyServices
24956 usd
CY2021Q2 SGLB Adjustments To Additional Paid In Capital Stock Options Awarded To Employees
AdjustmentsToAdditionalPaidInCapitalStockOptionsAwardedToEmployees
116441 usd
CY2021Q2 SGLB Adjustments To Additional Paid In Capital Stock Options Awarded To Directors For Services
AdjustmentsToAdditionalPaidInCapitalStockOptionsAwardedToDirectorsForServices
60803 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
16392156 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
12859751 usd
SGLB Adjustments To Additional Paid In Capital Stock Options Issued For Third Party Services
AdjustmentsToAdditionalPaidInCapitalStockOptionsIssuedForThirdPartyServices
23490 usd
SGLB Adjustments To Additional Paid In Capital Stock Options Awarded To Directors For Services
AdjustmentsToAdditionalPaidInCapitalStockOptionsAwardedToDirectorsForServices
43442 usd
SGLB Adjustments To Additional Paid In Capital Stock Options Awarded To Employees
AdjustmentsToAdditionalPaidInCapitalStockOptionsAwardedToEmployees
338415 usd
us-gaap Net Income Loss
NetIncomeLoss
-4454565 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
23490 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
55937 usd
SGLB Stock Based Compensation Directors
StockBasedCompensationDirectors
43442 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
8810533 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
5163732 usd
SGLB Stock Based Compensation Directors
StockBasedCompensationDirectors
122274 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-120434 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.238
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
57888 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
73586 usd
us-gaap Net Income Loss
NetIncomeLoss
-2496207 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
14869899 usd
SGLB Adjustments To Additional Paid In Capital Extinguishment Of Derivative Liability
AdjustmentsToAdditionalPaidInCapitalExtinguishmentOfDerivativeLiability
-1092441 usd
SGLB Stock Issued During Period Value Common Shares Issued For Exercise Of Warrants
StockIssuedDuringPeriodValueCommonSharesIssuedForExerciseOfWarrants
1136010 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
187348 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
17197 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
55937 usd
SGLB Adjustments To Additional Paid In Capital Stock Options Awarded To Employees
AdjustmentsToAdditionalPaidInCapitalStockOptionsAwardedToEmployees
233919 usd
SGLB Adjustments To Additional Paid In Capital Stock Options Awarded To Directors For Services
AdjustmentsToAdditionalPaidInCapitalStockOptionsAwardedToDirectorsForServices
122274 usd
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1600967 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
16392156 usd
us-gaap Net Income Loss
NetIncomeLoss
-4454565 usd
us-gaap Net Income Loss
NetIncomeLoss
-2496207 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
61445 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
48814 usd
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
1092441 usd
us-gaap Share Based Compensation
ShareBasedCompensation
338415 usd
us-gaap Share Based Compensation
ShareBasedCompensation
233919 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
51591 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
33958 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
186831 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-18151 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-14388 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-372188 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-14531 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4314503 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3266620 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
83848 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
52931 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
115197 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
55090 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-199045 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-108021 usd
us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
14869899 usd
us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
1600967 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1136010 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14404942 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4513548 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11030301 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11447047 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3700814 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6933499 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14731115 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y6M10D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.28
us-gaap Stock Issued1
StockIssued1
75108 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
SGLB Issuance Of Securities For Services
IssuanceOfSecuritiesForServices
66932 usd
SGLB Issuance Of Securities For Services
IssuanceOfSecuritiesForServices
178209 usd
us-gaap Interest Paid Net
InterestPaidNet
3389 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Interest Paid Net
InterestPaidNet
3382 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
713010 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.15
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
21000 usd
CY2020 SGLB Sharebased Compensation Arrangement By Sharebased Payment Award Options Non Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonOutstandingWeightedAverageRemainingContractualTerm
P4Y1M28D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
2602143 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84E_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z4A44HZxHmE9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_zoxMjHzoGcyg">Reclassification</span> </b>- Certain amounts in prior-period financial statements have been reclassified for comparative purposes to conform to presentation in the current-period financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
2190000 shares
CY2021Q1 us-gaap Class Of Warrant Or Righst Date From Which Warrants Or Rights Exercisable
ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable
2021-05-24
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
12000000 shares
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
24000000 shares
CY2021Q1 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2023-05-24
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
1092441 usd
CY2021 SGLB Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageExercisePrice
4.36
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y4M24D
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5503336 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4966350 shares
CY2021 SGLB Sharebased Compensation Arrangement By Sharebased Payment Award Options Non Grants Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonGrantsWeightedAverageRemainingContractualTerm
P1Y7M17D
CY2022Q2 SGLB Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.22
CY2021Q2 SGLB Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.18
SGLB Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.43
SGLB Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.28
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2261390 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1859767 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4483005 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2571334 usd
CY2022Q2 SGLB Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
10498802 shares
CY2021Q2 SGLB Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
10493598 shares
SGLB Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
10498802 shares
SGLB Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
9149328 shares
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zEYIRvDlwk53" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zqYWTJWxv5Lh">Accounting Estimates</span></b> - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated by management. Significant accounting estimates that may materially change in the near future are impairment of long-lived assets, values of stock compensation awards and stock equivalents granted as offering costs, and allowance for bad debts and inventory obsolescence.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
14138 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
20138 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
477802 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
698831 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
495641 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.29
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.28
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
18000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3000 usd
CY2022Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
38949 usd
CY2022Q2 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
2782 usd
CY2022Q2 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
36167 usd
us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P7Y
CY2022Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
172863 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
202015 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
328720 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
224079 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
282083 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
283986 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
783666 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
710080 usd
CY2021 SGLB Share Based Compensation Arrangement By Share Based Payment Award Options Granted Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
P4Y4M20D
CY2021 SGLB Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodIntrinsicValue
46800 usd
CY2021 SGLB Share Based Compensation Arrangements By Share Based Payment Award Non Options Exercised In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageExercisePrice
2.59
CY2021 SGLB Sharebased Compensation Arrangement By Sharebased Payment Award Options Non Grants Weighted Average Remaining Contractual Term Exercised
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonGrantsWeightedAverageRemainingContractualTermExercised
P4Y1M17D
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5204 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.50
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
10755 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
3.49
CY2022Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
37728 usd
us-gaap Tax Credit Carryforward Expiration Date
TaxCreditCarryforwardExpirationDate
2022-12-31
SGLB Deferred Tax Interest Rate During Period
DeferredTaxInterestRateDuringPeriod
0
CY2021Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1711783 shares
CY2021Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
3.00
CY2021Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
4532445 usd
CY2021Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
136943 shares
CY2021Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
3.75
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
12000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
24000000 shares
CY2021Q1 us-gaap Class Of Warrant Or Righst Date From Which Warrants Or Rights Exercisable
ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable
2021-05-24
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
465 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
465 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
465 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
465 shares
us-gaap Share Based Compensation
ShareBasedCompensation
338415 usd
us-gaap Share Based Compensation
ShareBasedCompensation
233919 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0095
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0165
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0019
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0032
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.064
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1395882 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.24
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y10M20D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
162000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.50
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1528637 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
4.05
SGLB Share Based Compensation Arrangement By Share Based Payment Award Options Granted Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
P4Y8M8D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
29245 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
4.54
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1528637 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.05
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y6M10D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3987931 shares
CY2021Q4 SGLB Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
6.10
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
436963 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
3.26
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y10M17D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1091674 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.37
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y4M20D
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
990838 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M7D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1881429 shares
CY2020Q4 SGLB Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
7.57
CY2021 SGLB Sharebased Compensation Arrangement By Sharebased Payment Award Options Non Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonOutstandingWeightedAverageRemainingContractualTerm
P2Y1M6D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
162150 shares
SGLB Share Based Compensation Arrangements By Share Based Payment Award Non Options Exercised In Period Weighted Average Weighted Average Exercise Price Warrants Forfeited Or Cancelled
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageWeightedAverageExercisePriceWarrantsForfeitedOrCancelled
40.00
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3825781 shares
CY2022Q2 SGLB Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
4.66
SGLB Sharebased Compensation Arrangement By Sharebased Payment Award Options Non Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonOutstandingWeightedAverageRemainingContractualTerm
P1Y8M8D

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