2024 Q1 Form 10-Q Financial Statement

#000121390024045172 Filed on May 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q1
Revenue $700.4K $58.47K $0.00
YoY Change
Cost Of Revenue $511.4K $1.186M
YoY Change
Gross Profit $189.0K -$1.127M
YoY Change
Gross Profit Margin 26.98% -1927.76%
Selling, General & Admin $3.736M $6.433M $1.766M
YoY Change 111.57% 215.3% 9.31%
% of Gross Profit 1976.96%
Research & Development $48.96K -$198.9K $1.082M
YoY Change -95.48% -116.5% 137.81%
% of Gross Profit 25.91%
Depreciation & Amortization $206.7K $43.94K $1.698K
YoY Change 12073.14% 2288.04% 30.62%
% of Gross Profit 109.37%
Operating Expenses $11.27M $6.234M $2.848M
YoY Change 295.72% 92.06% 37.55%
Operating Profit -$11.08M -$7.361M -$2.848M
YoY Change 289.08% 37.55%
Interest Expense -$186.7K -$314.8K $1.620K
YoY Change -11622.22% -1222.72%
% of Operating Profit
Other Income/Expense, Net $6.000K $1.615K
YoY Change 271.52%
Pretax Income -$11.24M -$22.36M -$2.847M
YoY Change 294.86% 594.96% 37.48%
Income Tax -$121.6K -$12.59K
% Of Pretax Income
Net Earnings -$11.12M -$22.35M -$2.847M
YoY Change 290.59% 594.57% 37.48%
Net Earnings / Revenue -1587.39% -38226.22%
Basic Earnings Per Share -$0.50 -$0.18
Diluted Earnings Per Share -$0.50 -$1.17 -$0.18
COMMON SHARES
Basic Shares Outstanding 22.15M shares 17.99M shares 15.91M shares
Diluted Shares Outstanding 22.15M shares 15.91M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.464M $4.554M $20.26M
YoY Change -77.96% -82.32% 8.85%
Cash & Equivalents $4.464M $4.554M $21.26M
Short-Term Investments
Other Short-Term Assets $1.182M $770.2K $2.146M
YoY Change -44.94% 64.13% 552.74%
Inventory $396.3K $364.1K
Prepaid Expenses $780.2K
Receivables $252.8K $149.7K
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.295M $5.838M $22.47M
YoY Change -71.99% -77.77% 17.64%
LONG-TERM ASSETS
Property, Plant & Equipment $56.76K $60.65K $14.21K
YoY Change 299.46% 330.51% -7.73%
Goodwill $46.74M $55.68M
YoY Change
Intangibles $21.45M $25.41M
YoY Change
Long-Term Investments
YoY Change
Other Assets $373.9K $383.5K $15.50K
YoY Change 2312.32% 893.11% -92.86%
Total Long-Term Assets $68.74M $81.68M $29.71K
YoY Change 231259.48% 154872.41% -87.22%
TOTAL ASSETS
Total Short-Term Assets $6.295M $5.838M $22.47M
Total Long-Term Assets $68.74M $81.68M $29.71K
Total Assets $75.03M $87.52M $22.50M
YoY Change 233.44% 232.64% 16.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.251M $5.295M $1.503M
YoY Change 182.81% 253.17% 65.64%
Accrued Expenses $1.936M $2.200M $1.293M
YoY Change 49.74% -8.69% -31.71%
Deferred Revenue
YoY Change
Short-Term Debt $15.18M $9.618M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.43M $17.19M $2.809M
YoY Change 663.14% 338.25% 0.27%
LONG-TERM LIABILITIES
Long-Term Debt $110.9K $118.9K $0.00
YoY Change
Other Long-Term Liabilities $1.006M $1.495M
YoY Change
Total Long-Term Liabilities $1.116M $1.613M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $21.43M $17.19M $2.809M
Total Long-Term Liabilities $1.116M $1.613M $0.00
Total Liabilities $25.29M $21.88M $2.809M
YoY Change 800.56% 457.75% 0.27%
SHAREHOLDERS EQUITY
Retained Earnings -$67.90M -$56.79M -$22.22M
YoY Change 205.56% 193.07%
Common Stock $228.00 $228.00 $164.00
YoY Change 39.02% 45.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $625.8K $625.8K $600.3K
YoY Change 4.25% 10.41%
Treasury Stock Shares
Shareholders Equity -$21.53M -$5.602M $19.69M
YoY Change
Total Liabilities & Shareholders Equity $75.03M $87.52M $22.50M
YoY Change 233.44% 232.64% 16.38%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q1
OPERATING ACTIVITIES
Net Income -$11.12M -$22.35M -$2.847M
YoY Change 290.59% 594.57% 37.48%
Depreciation, Depletion And Amortization $206.7K $43.94K $1.698K
YoY Change 12073.14% 2288.04% 30.62%
Cash From Operating Activities -$5.200M -$4.311M -$4.446M
YoY Change 16.96% 53.9% 401.76%
INVESTING ACTIVITIES
Capital Expenditures $4.578K $4.820K $1.819K
YoY Change 151.68% -134.98%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.216M
YoY Change
Cash From Investing Activities -$4.578K $1.211M -$1.819K
YoY Change 151.68% -65.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $5.205M -4.940K -$48.95K
YoY Change -10732.62% -99.15% -100.28%
NET CHANGE
Cash From Operating Activities -$5.200M -4.311M -$4.446M
Cash From Investing Activities -$4.578K 1.211M -$1.819K
Cash From Financing Activities $5.205M -4.940K -$48.95K
Net Change In Cash -$90.47K -3.105M -$4.497M
YoY Change -97.99% -8.25% -126.96%
FREE CASH FLOW
Cash From Operating Activities -$5.200M -$4.311M -$4.446M
Capital Expenditures $4.578K $4.820K $1.819K
Free Cash Flow -$5.205M -$4.316M -$4.448M
YoY Change 17.01% 54.07% 404.93%

Facts In Submission

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CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2024Q1 us-gaap Increase Decrease In Accounts Payable
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable
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CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities
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CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
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CY2024Q1 us-gaap Inventory Raw Materials
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CY2023Q4 us-gaap Inventory Raw Materials
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CY2024Q1 us-gaap Inventory Work In Process
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 bwv Receivable From Related Parties1
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CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2024Q1 us-gaap Proceeds From Related Party Debt
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CY2024Q1 us-gaap Proceeds From Notes Payable
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CY2024Q1 us-gaap Payments Of Financing Costs
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400000 usd
CY2024Q1 us-gaap Repayments Of Notes Payable
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CY2023Q1 us-gaap Payments Of Stock Issuance Costs
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CY2023Q1 bwv Payments For Purchase Of Treasury Shares
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CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 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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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q1 us-gaap Income Taxes Paid
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CY2023Q1 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
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CY2023Q1 bwv Deferred Offering Costs Previously Prepaid
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CY2023Q1 bwv Exerciseofprefundedwarrants
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CY2024Q1 us-gaap Investments And Cash
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CY2024Q1 us-gaap Capital Units
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CY2024Q1 us-gaap Retained Earnings Appropriated
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2024Q1 us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting periods. The most significant estimates in the Company’s consolidated financial statements relate to accounting for acquisitions, valuation of inventory, the useful life of the amortizable intangible assets, estimates of future cash flows used to evaluate impairment of intangible assets, assumptions related to the pension benefit obligation, assumptions related to the related party subscription agreement liability, the valuation of preferred stock, and accounting for income taxes. These estimates and assumptions are based on current facts, historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the recording of expenses that are not readily apparent from other sources. Actual results may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and actual results, the Company’s future results of operations will be affected.</p>
CY2024Q1 us-gaap Number Of Operating Segments
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CY2023Q4 us-gaap Number Of Operating Segments
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CY2024Q1 us-gaap Derivative Liabilities Current
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CY2024Q1 us-gaap Other Liabilities Current
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CY2023Q4 us-gaap Derivative Liabilities Current
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CY2024Q1 us-gaap Recognition Of Deferred Revenue
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CY2024Q1 us-gaap Accounts Receivable Sale
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CY2023 us-gaap Accounts Receivable Sale
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CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2023Q4 us-gaap Inventory Finished Goods
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CY2024Q1 us-gaap Inventory Net
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CY2023Q4 us-gaap Inventory Net
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CY2024Q1 us-gaap Prepaid Insurance
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CY2023Q4 us-gaap Prepaid Insurance
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CY2024Q1 us-gaap Prepaid Rent
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CY2023Q4 us-gaap Prepaid Rent
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CY2024Q1 bwv Prepaids Research And Development
PrepaidsResearchAndDevelopment
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CY2023Q4 bwv Prepaids Research And Development
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CY2023Q4 bwv Prepaid Professional Fees
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CY2024Q1 us-gaap Other Prepaid Expense Current
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CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
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CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2024Q1 us-gaap Impairment Of Intangible Assets Finitelived
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CY2024Q1 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
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CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
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CY2024Q1 us-gaap Adjustment For Amortization
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CY2024Q1 bwv Accumulated Amortization Foreign Currency Translation
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CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
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CY2024Q1 us-gaap Property Plant And Equipment Useful Life
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CY2024Q1 us-gaap Other Cost Of Operating Revenue
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CY2024Q1 us-gaap Other Selling General And Administrative Expense
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2024Q1 us-gaap Finite Lived Intangible Assets Net
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CY2024Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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CY2024Q1 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
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CY2023Q4 us-gaap Indefinite Lived Trade Names
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CY2024Q1 us-gaap Goodwill Impairment Loss Net Of Tax
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5200000 usd
CY2023Q4 us-gaap Goodwill
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CY2024Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2024Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2024Q1 us-gaap Goodwill
Goodwill
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CY2024Q1 us-gaap Compensated Absences Liability
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CY2023Q4 us-gaap Compensated Absences Liability
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CY2024Q1 bwv Accrued Research And Development Current
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CY2023Q4 bwv Accrued Research And Development Current
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CY2024Q1 us-gaap Accrued Professional Fees Current And Noncurrent
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CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
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CY2024Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
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CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
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CY2024Q1 us-gaap Accrued Marketing Costs Current
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CY2024Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
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CY2024Q1 bwv Accrued Interest Related Party
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AccruedDeferredOfferingCosts
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CY2023Q4 us-gaap Accrued Liabilities Current
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CY2024Q1 bwv Royalty Sales Percentage
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0.06 pure
CY2024Q1 bwv Sales Payments Amount
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22500000 usd
CY2023Q4 bwv Aggregate Purchase Shares
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CY2024Q1 bwv Business Transaction Yeare
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P5Y
CY2024Q1 us-gaap Asset Acquisition Consideration Transferred Other Assets
AssetAcquisitionConsiderationTransferredOtherAssets
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CY2024Q1 us-gaap Asset Acquisition Consideration Transferred Equity Interest Issued And Issuable
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CY2024Q1 us-gaap Asset Acquisition Consideration Transferred Transaction Cost
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CY2024Q1 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
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CY2024Q1 bwv Inventory Fair Value
InventoryFairValue
300000 usd
CY2024Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2300000 usd
CY2023Q4 bwv Impairment Charge
ImpairmentCharge
14700000 usd
CY2023Q4 us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
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1200000 usd
CY2023Q4 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
1 pure
CY2024Q1 us-gaap Business Acquisition Pro Forma Information Description
BusinessAcquisitionProFormaInformationDescription
(i) $3.5 million in cash at signing of the WraSer APA; (ii) $4.5 million in cash on the later of (x) 90 days after the signing of the WraSer APA or (y) the date that all closing conditions under the WraSer APA are met or otherwise waived (the “WraSer Closing Date”); (iii) 1.0 million shares of the Company’s common stock (the “Closing Shares”) issuable on the WraSer Closing Date, and (iv) $500,000 in cash one year from the WraSer Closing Date.
CY2024Q1 bwv Initial Payment Amount
InitialPaymentAmount
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CY2024Q1 bwv Payments
Payments
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CY2024Q1 us-gaap Deposits
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CY2024Q1 us-gaap Cash Fdic Insured Amount
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1100000 usd
CY2023Q3 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Costs
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCosts
500000 usd
CY2023Q4 bwv Voting Interest Percentage
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1 pure
CY2023Q4 bwv Stock Issued During Period Shares Issuance Of Common Stock And Series B Preferred Stock In Connection With Pmx Transaction
StockIssuedDuringPeriodSharesIssuanceOfCommonStockAndSeriesBPreferredStockInConnectionWithPMXTransaction
3675414 shares
CY2024Q1 bwv Royalty Rate
RoyaltyRate
0.06 pure
CY2024Q1 us-gaap Investment Owned At Cost
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1500000 usd
CY2023Q3 us-gaap Long Term Debt Maturity Date
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2025-07-14
CY2024Q1 us-gaap Accounts Payable Current And Noncurrent
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1500000 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
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1800000 usd
CY2024Q1 bwv Milestone Payments
MilestonePayments
2500000 usd
CY2024Q1 bwv Milestone Payments Paid
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500000 usd
CY2024Q1 bwv Payable Average Discount Rate Percentage
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0.082 pure
CY2024Q1 us-gaap Revenues Net Of Interest Expense
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400000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
200000 usd
CY2023Q3 us-gaap Notes Payable
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CY2023Q3 bwv Debt Instrument Due Date
DebtInstrumentDueDate
2023-09-30
CY2023Q3 bwv Cash Payment To The Seller
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CY2024Q1 us-gaap Gains Losses On Extinguishment Of Debt
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490000 usd
CY2024Q1 us-gaap Notes Payable
NotesPayable
5000000 usd
CY2024Q1 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.04 pure
CY2024Q1 us-gaap Interest And Dividends Payable Current And Noncurrent
InterestAndDividendsPayableCurrentAndNoncurrent
5000000 usd
CY2024Q1 us-gaap Interest Expense Other
InterestExpenseOther
200000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
200000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
50000 usd
CY2024Q1 bwv Financing Fees
FinancingFees
700000 usd
CY2024Q1 us-gaap Investment Interest Rate Paid In Kind
InvestmentInterestRatePaidInKind
0.0779 pure
CY2024Q1 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
600000 usd
CY2024Q1 bwv Installment Payments
installmentPayments
78000 usd
CY2023Q4 bwv Sale Of Units
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20000000 shares
CY2023Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.25
CY2024Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.25
CY2024Q1 us-gaap Servicing Liability At Fair Value Additions
ServicingLiabilityAtFairValueAdditions
638000 usd
CY2023 us-gaap Servicing Liability At Fair Value Additions
ServicingLiabilityAtFairValueAdditions
864000 usd
CY2024Q1 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
226000 usd
CY2024Q1 us-gaap Product Liability Contingency Third Party Recovery Percentage
ProductLiabilityContingencyThirdPartyRecoveryPercentage
0.35 pure
CY2023 us-gaap Product Liability Contingency Third Party Recovery Percentage
ProductLiabilityContingencyThirdPartyRecoveryPercentage
0.55 pure
CY2024Q1 us-gaap Common Stock Shares Authorized
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250000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Other Notes Payable
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3000000 usd
CY2024Q1 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
5709935 shares
CY2023Q4 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
2696729 shares
CY2024Q1 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
269672900 shares
CY2023Q1 us-gaap Stock Repurchased And Retired During Period Shares
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32638 shares
CY2023Q1 us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
1.03
CY2023Q1 us-gaap Additional Collateral Aggregate Fair Value
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33500 usd
CY2024Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
4500000 usd
CY2023Q1 bwv Fixed Commission Rate
FixedCommissionRate
0.03 pure
CY2024Q1 us-gaap Deferred Offering Costs
DeferredOfferingCosts
300000 usd
CY2024Q1 us-gaap Class Of Warrant Or Right Outstanding
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7899661 shares
CY2024Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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1.68
CY2024Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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7899661 shares
CY2024Q1 us-gaap Forward Contract Indexed To Equity Settlement Share Fair Value Per Share
ForwardContractIndexedToEquitySettlementShareFairValuePerShare
0.15
CY2024Q1 bwv Warrants Issuable
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3000 usd
CY2024Q1 us-gaap Option Indexed To Issuers Equity Settlement Alternatives Shares At Fair Value
OptionIndexedToIssuersEquitySettlementAlternativesSharesAtFairValue
447519 shares
CY2024Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3150000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.08
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
83000 usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
272000 usd
CY2023Q2 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
150000 shares
CY2023Q2 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
25440 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
256580 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.03
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
3125 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.17
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
118750 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
1.03
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
140955 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.98
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.46
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
3.16
CY2024Q1 us-gaap Shares Held In Employee Stock Option Plan Allocated
SharesHeldInEmployeeStockOptionPlanAllocated
57546 shares
CY2024Q1 us-gaap Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
3.16
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y7D
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AllocatedShareBasedCompensationExpense
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CY2023Q1 us-gaap Allocated Share Based Compensation Expense
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ShortTermLeasePayments
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OperatingLeaseLeaseIncomeLeasePayments
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AggregatePayments
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CY2023 us-gaap Labor And Related Expense
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CY2024Q1 us-gaap Other Receivables
OtherReceivables
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CY2024Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
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CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
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CY2023Q4 bwv Subscription Agreement Pmx Investor Percentage
SubscriptionAgreementPMXInvestorPercentage
0.05 pure
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OtherExpenses
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CY2024Q1 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
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CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.213 pure
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2024Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2023Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
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CY2024Q1 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
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CY2024Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
6733376 shares
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DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0145 pure
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DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.0145 pure
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.0145 pure
CY2024Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.03 pure
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.03 pure
CY2024Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
24650 usd
CY2024Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
7558 usd
CY2024Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
23495 usd
CY2024Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
15446 usd
CY2024Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-6733 usd
CY2024Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
21400 usd
CY2024Q1 bwv Cash Receipts Percentage
CashReceiptsPercentage
0.15 pure
CY2024Q1 bwv Net Proceeds Percentage
NetProceedsPercentage
0.10 pure
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q1 us-gaap Revenues
Revenues
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CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
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CY2023Q1 us-gaap Gross Profit
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CY2023Q1 us-gaap Goodwill Impairment Loss
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CY2023Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
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CY2023Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
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CY2023Q1 bwv Change In Fair Value Of Subscription Agreement Liability
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CY2023Q1 us-gaap Other Income
OtherIncome
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CY2024Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
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CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2023Q1 bwv Change In Pension Benefit Obligation
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CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2023Q1 bwv Exercise Of Prefunded Warrants
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CY2023Q1 us-gaap Goodwill Impairment Loss
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CY2023Q1 us-gaap Operating Lease Impairment Loss
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CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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CY2023Q1 bwv Amortization Of Debt Discount Related Party
AmortizationOfDebtDiscountRelatedParty
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CY2023Q1 us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
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CY2023Q1 us-gaap Pension Expense
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CY2023Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
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CY2024Q1 us-gaap Liabilities Fair Value Adjustment
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CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2024Q1 bwv Receivable From Related Parties1
ReceivableFromRelatedParties1
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CY2023Q1 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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CY2023Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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CY2023Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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CY2024Q1 bwv Payments For Purchase Of Treasury Shares
PaymentsForPurchaseOfTreasuryShares
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2024Q1 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
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CY2024Q1 bwv Deferred Offering Costs Previously Prepaid
DeferredOfferingCostsPreviouslyPrepaid
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CY2024Q1 bwv Exerciseofprefundedwarrants
Exerciseofprefundedwarrants
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CY2024Q1 bwv Prepaid Professional Fees
PrepaidProfessionalFees
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CY2023Q4 bwv Accrued Interest Related Party
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CY2024Q1 bwv Accrued Deferred Offering Costs
AccruedDeferredOfferingCosts
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2023Q1 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
shares
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001782107

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0001213900-24-045172.txt Edgar Link pending
0001213900-24-045172-xbrl.zip Edgar Link pending
bwv-20240331.xsd Edgar Link pending
ea0206102-10q_onconetix.htm Edgar Link pending
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