2022 Q3 Form 10-Q Financial Statement

#000149315222021911 Filed on August 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $568.0K $561.0K $396.0K
YoY Change 69.55% 34.53% 48.31%
Cost Of Revenue $420.0K $460.0K $418.0K
YoY Change 7.14% 11.38% 35.28%
Gross Profit $148.0K $101.0K -$22.00K
YoY Change -359.65% 2425.0% -47.62%
Gross Profit Margin 26.06% 18.0% -5.56%
Selling, General & Admin $992.0K $708.0K $766.0K
YoY Change 79.39% 29.43% 62.63%
% of Gross Profit 670.27% 700.99%
Research & Development $193.0K $111.0K $24.00K
YoY Change 1010.0% 242.86%
% of Gross Profit 130.41% 109.9%
Depreciation & Amortization $27.00K $29.00K $28.00K
YoY Change -82.0% 0.0% 3.7%
% of Gross Profit 18.24% 28.71%
Operating Expenses $1.185M $819.0K $790.0K
YoY Change 114.29% 47.04% 65.27%
Operating Profit -$1.037M -$718.0K -$812.0K
YoY Change 70.0% 29.84% 56.15%
Interest Expense -$133.0K -$319.0K -$874.0K
YoY Change -75.0% -24.05% 449.69%
% of Operating Profit
Other Income/Expense, Net -$57.00K -$317.0K -$1.024M
YoY Change -89.29% 16.12% 456.52%
Pretax Income -$1.227M -$1.035M -$1.836M
YoY Change 7.44% 25.3% 160.8%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.227M -$1.035M -$1.836M
YoY Change 7.44% 25.3% 160.8%
Net Earnings / Revenue -216.02% -184.49% -463.64%
Basic Earnings Per Share -$0.22 -$0.19 -$0.33
Diluted Earnings Per Share -$220.2K -$0.19 -$0.33
COMMON SHARES
Basic Shares Outstanding 5.572M shares 5.572M shares 5.572M
Diluted Shares Outstanding 5.572M shares 5.572M shares 5.572M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.412M $9.791M $10.52M
YoY Change 490.6% 2463.09% 883.18%
Cash & Equivalents $1.427M $4.420M $10.52M
Short-Term Investments $5.985M $5.371M
Other Short-Term Assets $239.0K $313.0K $167.0K
YoY Change 136.63% 281.71% 421.88%
Inventory $399.0K $381.0K $280.0K
Prepaid Expenses
Receivables $265.0K $300.0K $132.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.315M $10.79M $11.10M
YoY Change 359.39% 1086.47% 665.45%
LONG-TERM ASSETS
Property, Plant & Equipment $2.522M $704.0K $698.0K
YoY Change 237.62% -8.69% -55.57%
Goodwill $311.0K $311.0K
YoY Change 0.0%
Intangibles $26.00K $30.00K
YoY Change -35.0%
Long-Term Investments
YoY Change
Other Assets $63.00K $113.0K $63.00K
YoY Change 0.0% 88.33% 26.0%
Total Long-Term Assets $2.919M $2.986M $2.981M
YoY Change -6.77% -6.72% 50.86%
TOTAL ASSETS
Total Short-Term Assets $8.315M $10.79M $11.10M
Total Long-Term Assets $2.919M $2.986M $2.981M
Total Assets $11.23M $13.77M $14.08M
YoY Change 127.36% 235.06% 310.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $358.0K $522.0K $183.0K
YoY Change -30.21% -11.82% -71.58%
Accrued Expenses $371.0K $292.0K $264.0K
YoY Change 30.63% 5.42% -10.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.240M $894.0K
YoY Change -100.0% 142.66% 871.74%
Long-Term Debt Due $14.00K $18.00K $14.00K
YoY Change -89.55% -87.59% -95.09%
Total Short-Term Liabilities $1.115M $2.491M $1.804M
YoY Change -53.72% 40.73% 12.61%
LONG-TERM LIABILITIES
Long-Term Debt $269.0K $263.0K $265.0K
YoY Change 0.75% 3.95% 3.52%
Other Long-Term Liabilities $1.632M $1.669M $1.707M
YoY Change -8.37% -8.2% 200.53%
Total Long-Term Liabilities $1.901M $1.932M $1.972M
YoY Change -7.18% -6.71% 139.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.115M $2.491M $1.804M
Total Long-Term Liabilities $1.901M $1.932M $1.972M
Total Liabilities $3.016M $4.423M $3.776M
YoY Change -32.33% 15.15% 55.65%
SHAREHOLDERS EQUITY
Retained Earnings -$9.683M -$8.648M
YoY Change 140.15%
Common Stock $6.000K $6.000K
YoY Change -94.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.218M $9.348M $10.30M
YoY Change
Total Liabilities & Shareholders Equity $11.23M $13.77M $14.08M
YoY Change 127.36% 235.06% 310.97%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$1.227M -$1.035M -$1.836M
YoY Change 7.44% 25.3% 160.8%
Depreciation, Depletion And Amortization $27.00K $29.00K $28.00K
YoY Change -82.0% 0.0% 3.7%
Cash From Operating Activities -$848.0K -$698.0K -$800.0K
YoY Change 62.14% 1.45% 131.88%
INVESTING ACTIVITIES
Capital Expenditures -$57.00K -$31.00K $0.00
YoY Change -53.66% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$609.0K -$5.371M
YoY Change
Cash From Investing Activities -$666.0K -$5.402M $0.00
YoY Change 441.46% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.479M 0.000 -2.033M
YoY Change -197.37% -223.21%
NET CHANGE
Cash From Operating Activities -848.0K -698.0K -800.0K
Cash From Investing Activities -666.0K -5.402M 0.000
Cash From Financing Activities -1.479M 0.000 -2.033M
Net Change In Cash -2.993M -6.100M -2.833M
YoY Change -442.84% 786.63% -372.93%
FREE CASH FLOW
Cash From Operating Activities -$848.0K -$698.0K -$800.0K
Capital Expenditures -$57.00K -$31.00K $0.00
Free Cash Flow -$791.0K -$667.0K -$800.0K
YoY Change 97.75% -3.05% 925.64%

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CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-826000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2871000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1529000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1035000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-826000 usd
us-gaap Net Income Loss
NetIncomeLoss
-2871000 usd
us-gaap Net Income Loss
NetIncomeLoss
-1529000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.52
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.52
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.52
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5572234 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2939837 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5572234 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2918759 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5572234 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2939837 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5572234 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2918759 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
12085000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
55000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1836000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
10304000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
54000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
25000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1035000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
9348000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
71000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
69000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
21000 usd
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
285000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
18000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
1276000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-704000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1000000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
74000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
21000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-826000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
269000 usd
us-gaap Net Income Loss
NetIncomeLoss
-2871000 usd
us-gaap Net Income Loss
NetIncomeLoss
-1529000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
57000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
56000 usd
NXGL Change In Right Of Use Asset And Operating Lease Liability
ChangeInRightOfUseAssetAndOperatingLeaseLiability
19000 usd
NXGL Change In Right Of Use Asset And Operating Lease Liability
ChangeInRightOfUseAssetAndOperatingLeaseLiability
6000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
134000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
185000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
101000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-8000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1086000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
528000 usd
NXGL Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
150000 usd
NXGL Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
24000 usd
NXGL Forgiveness Of Debt
ForgivenessOfDebt
-148000 usd
NXGL Beneficial Conversion Feature In Excess Of Face Value
BeneficialConversionFeatureInExcessOfFaceValue
51000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
91000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
146000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
90000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-7000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
286000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-61000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
268000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-67000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
28000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-15000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-38000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1495000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1033000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
5371000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
31000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
267000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5402000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-267000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
285000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
15000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2033000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
15000 usd
NXGL Proceeds From Notes Payable Paycheck Protection Program
ProceedsFromNotesPayablePaycheckProtectionProgram
128000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1337000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
100000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2033000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1650000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-8930000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
350000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13350000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4420000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
382000 usd
NXGL Fair Value Of Beneficial Conversion And Warrant
FairValueOfBeneficialConversionAndWarrant
1276000 usd
NXGL Original Issue Discounts Recognized On Convertible Notes Payable
OriginalIssueDiscountsRecognizedOnConvertibleNotesPayable
343000 usd
NXGL Warrants Issued Equity Issuance Cost
WarrantsIssuedEquityIssuanceCost
130000 usd
CY2021Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-35
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Cash
Cash
4400000 usd
CY2022Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
5400000 usd
us-gaap Net Income Loss
NetIncomeLoss
-2870000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1500000 usd
CY2022Q2 NXGL Working Capital Deficit
WorkingCapitalDeficit
8300000 usd
CY2021Q4 NXGL Units Issued During Period Shares New Issues
UnitsIssuedDuringPeriodSharesNewIssues
2585000 shares
CY2021Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
5.50
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.50
CY2021Q4 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
13200000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_zONMRwkkGmi8" 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"><i><span id="xdx_868_zS7hPvAJXzug">Use of Estimates</span></i></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"><i> </i></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">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. These estimates and assumptions include allowance for doubtful accounts, inventory reserves, deferred taxes, share-based compensation and related valuation allowances and fair value of long-lived assets. Actual results could differ from the estimates.</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>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_844_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_ztl9OhuutwB6" 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"><i><span id="xdx_86A_zF04DIZNLSQ4">Reclassifications</span></i></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"><i> </i></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">We have reclassified, combined or separately disclosed certain amounts in the prior years’ condensed consolidated financial statements and accompanying footnotes to conform with the current period’s presentation.</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 NXGL Revenue From Finished Goods
RevenueFromFinishedGoods
19000 usd
CY2021Q2 NXGL Revenue From Finished Goods
RevenueFromFinishedGoods
153000 usd
CY2022Q2 NXGL Revenue From Consumer Products
RevenueFromConsumerProducts
180000 usd
CY2021Q2 NXGL Revenue From Consumer Products
RevenueFromConsumerProducts
111000 usd
CY2022Q2 NXGL Revenue Classified As Others
RevenueClassifiedAsOthers
38000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
561000 usd
CY2022Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
6868000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
6000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
417000 usd
NXGL Revenue From Contract Manufacturing
RevenueFromContractManufacturing
459000 usd
NXGL Revenue From Contract Manufacturing
RevenueFromContractManufacturing
379000 usd
NXGL Revenue From Finished Goods
RevenueFromFinishedGoods
19000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
256000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
90000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
35000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
266000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
25000 usd
NXGL Revenue From Finished Goods
RevenueFromFinishedGoods
194000 usd
NXGL Revenue From Consumer Products
RevenueFromConsumerProducts
392000 usd
NXGL Revenue From Consumer Products
RevenueFromConsumerProducts
110000 usd
NXGL Revenue Classified As Others
RevenueClassifiedAsOthers
86000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
956000 usd
CY2022Q2 us-gaap Prepaid Insurance
PrepaidInsurance
111000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
23000 usd
CY2022Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
202000 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
54000 usd
CY2022Q2 NXGL Revenue From Contract Manufacturing
RevenueFromContractManufacturing
324000 usd
CY2021Q2 NXGL Revenue From Contract Manufacturing
RevenueFromContractManufacturing
153000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
683000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 usd
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
104000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
207000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
207000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
207000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
263000 usd
CY2022Q2 NXGL Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1165000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2153000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
277000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1876000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y6M
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.030 pure
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
103000 usd
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
103000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
103000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
256000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
266000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
90000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
35000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
25000 usd
CY2022Q2 us-gaap Inventory Gross
InventoryGross
381000 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
291000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
381000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
291000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1249000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1218000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
545000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
495000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
704000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
723000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
49000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
49000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
33000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
8000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2000 usd
CY2022Q2 NXGL Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
5000 usd
CY2022Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000000 usd
CY2022Q2 NXGL Cash Insured Amount Excess
CashInsuredAmountExcess
4170000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
78000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
54000 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8000 usd
CY2022Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
85000 usd
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
62000 usd
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
334938 shares
NXGL Warrant To Purchase Common Stock
WarrantToPurchaseCommonStock
3637190 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0046 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0086 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3637190 shares
CY2021Q4 NXGL Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
5.16281
CY2021 NXGL Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y7M17D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3637190 shares
CY2022Q2 NXGL Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
5.16281
NXGL Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y1M20D
CY2022Q2 NXGL Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableNumber
3637190 shares
CY2022Q2 NXGL Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableWeightedAverageExercisePrice
5.16281
NXGL Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y1M20D
CY2022Q2 NXGL Class Of Warrant Or Right Outstanding Intrinsic Value
ClassOfWarrantOrRightOutstandingIntrinsicValue
195000 usd
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1680000000 usd
CY2022Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
300000000 usd
CY2022Q1 NXGL Debt Instrument Prepayment Penalty Percentage
DebtInstrumentPrepaymentPenaltyPercentage
1.05 pure
CY2022Q1 NXGL Repayment Of Principal
RepaymentOfPrincipal
16800000 usd

Files In Submission

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0001493152-22-021911-index-headers.html Edgar Link pending
0001493152-22-021911-index.html Edgar Link pending
0001493152-22-021911.txt Edgar Link pending
0001493152-22-021911-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
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ex32-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
nxgl-20220630.xsd Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
nxgl-20220630_pre.xml Edgar Link unprocessable
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form10-q_htm.xml Edgar Link completed
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report.css Edgar Link pending
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nxgl-20220630_cal.xml Edgar Link unprocessable