$OSS
ONE STOP SYSTEMS, INC.

2019 Q4 Form 10-K Financial Statement

#000156459020013196 Filed on March 26, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q2 2019
Revenue $18.42M $14.89M $58.31M
YoY Change 28.09% 152.62% 57.47%
Cost Of Revenue $11.88M $9.470M $38.91M
YoY Change 17.97% 122.82% 51.44%
Gross Profit $6.550M $5.410M $19.40M
YoY Change 51.97% 229.88% 71.16%
Gross Profit Margin 35.56% 36.34% 33.27%
Selling, General & Admin $3.700M $3.180M $13.64M
YoY Change -12.11% 76.67% 109.42%
% of Gross Profit 56.49% 58.78% 70.31%
Research & Development $1.320M $1.230M $4.840M
YoY Change 11.86% 28.13% 20.95%
% of Gross Profit 20.15% 22.74% 24.95%
Depreciation & Amortization $420.0K $430.0K $671.2K
YoY Change -17.65% 53.57% -50.28%
% of Gross Profit 6.41% 7.95% 3.46%
Operating Expenses $5.020M $4.410M $20.18M
YoY Change -6.86% 59.78% 39.08%
Operating Profit $1.530M $1.000M -$779.0K
YoY Change -241.67% -189.29% -75.47%
Interest Expense -$50.00K $53.01K $165.6K
YoY Change 400.0% 152.02%
% of Operating Profit -3.27% 5.3%
Other Income/Expense, Net $170.0K -$56.08K $115.9K
YoY Change -5.56% -203.03% -43.77%
Pretax Income $1.930M -$1.037M -$663.1K
YoY Change -312.09% -2.6% -77.67%
Income Tax $830.0K $558.1K $237.3K
% Of Pretax Income 43.01%
Net Earnings $1.090M -$1.595M -$900.3K
YoY Change -1008.33% -1.55% -20.76%
Net Earnings / Revenue 5.92% -10.71% -1.54%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share $67.62K -$110.1K -$0.06
COMMON SHARES
Basic Shares Outstanding 15.15M
Diluted Shares Outstanding 15.15M

Balance Sheet

Concept 2019 Q4 2019 Q2 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.190M $4.940M $5.190M
YoY Change 128.63% -46.71% 128.63%
Cash & Equivalents $5.185M $4.945M $5.190M
Short-Term Investments
Other Short-Term Assets $450.0K $780.0K $450.0K
YoY Change -32.84% 95.0% -32.84%
Inventory $7.369M $8.859M $7.370M
Prepaid Expenses
Receivables $11.67M $8.341M $11.67M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $24.68M $22.92M $24.68M
YoY Change 21.54% 30.7% 21.58%
LONG-TERM ASSETS
Property, Plant & Equipment $3.569M $2.840M $3.570M
YoY Change 102.86% 61.38% 102.84%
Goodwill $7.121M $7.121M
YoY Change -10.03%
Intangibles $1.346M $1.712M
YoY Change -61.81%
Long-Term Investments
YoY Change
Other Assets $3.070M $3.090M $3.070M
YoY Change 19.92% 451.79% 19.92%
Total Long-Term Assets $15.10M $14.77M $15.10M
YoY Change -4.14% 144.06% -4.19%
TOTAL ASSETS
Total Short-Term Assets $24.68M $22.92M $24.68M
Total Long-Term Assets $15.10M $14.77M $15.10M
Total Assets $39.78M $37.69M $39.78M
YoY Change 10.32% 59.77% 10.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.116M $3.143M $4.120M
YoY Change 10.98% 147.5% 11.05%
Accrued Expenses $3.350M $2.360M $3.350M
YoY Change 19.64% 321.43% 19.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.060M $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $1.969M $2.294M $1.940M
YoY Change
Total Short-Term Liabilities $10.66M $12.49M $10.66M
YoY Change 15.65% 354.05% 15.62%
LONG-TERM LIABILITIES
Long-Term Debt $358.0K $898.5K $350.0K
YoY Change 32.6% 29.63%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $358.0K $898.5K $350.0K
YoY Change 32.6% 29.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.66M $12.49M $10.66M
Total Long-Term Liabilities $358.0K $898.5K $350.0K
Total Liabilities $11.01M $13.36M $11.01M
YoY Change 16.1% 351.38% 16.02%
SHAREHOLDERS EQUITY
Retained Earnings -$1.755M -$3.394M
YoY Change 105.32%
Common Stock $1.612K $1.450K
YoY Change 13.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.77M $24.33M $28.77M
YoY Change
Total Liabilities & Shareholders Equity $39.78M $37.69M $39.78M
YoY Change 10.32% 59.77% 10.32%

Cashflow Statement

Concept 2019 Q4 2019 Q2 2019
OPERATING ACTIVITIES
Net Income $1.090M -$1.595M -$900.3K
YoY Change -1008.33% -1.55% -20.76%
Depreciation, Depletion And Amortization $420.0K $430.0K $671.2K
YoY Change -17.65% 53.57% -50.28%
Cash From Operating Activities $1.980M $1.910M $2.375M
YoY Change 59.68% 961.11% -161.04%
INVESTING ACTIVITIES
Capital Expenditures -$330.0K -$560.0K $2.386M
YoY Change -38.89% 1020.0% 282.92%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$330.0K -$560.0K -$2.385M
YoY Change -93.84% 1020.0% -59.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.488M $2.701M
YoY Change -86.15%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -740.0K 3.140M 2.922M
YoY Change 12.12% -75.44%
NET CHANGE
Cash From Operating Activities 1.980M 1.910M 2.375M
Cash From Investing Activities -330.0K -560.0K -2.385M
Cash From Financing Activities -740.0K 3.140M 2.922M
Net Change In Cash 910.0K 4.490M 2.912M
YoY Change -119.04% 3353.85% 38.64%
FREE CASH FLOW
Cash From Operating Activities $1.980M $1.910M $2.375M
Capital Expenditures -$330.0K -$560.0K $2.386M
Free Cash Flow $2.310M $2.470M -$11.36K
YoY Change 29.78% 973.91% -99.75%

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<p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Use of Estimates</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosures of contingent assets, liabilities, and expenses at the date of the consolidated financial statements during the reporting period.&nbsp;&nbsp;</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Significant estimates made by management include, among others, the fair value of acquired net assets of CDI in August 2018 with reevaluation in April 2019, and Bressner Technology GmbH in October 2018, dissolution expenses for SkyScale, the allowance for doubtful accounts, fair value of stock options, recoverability of inventories and long-lived assets, and realizability of deferred tax assets.&nbsp;&nbsp;Actual results could differ from those estimates.</p>
CY2018Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
65157
CY2019 oss Impairment Loss On Goodwill
ImpairmentLossOnGoodwill
0
CY2019Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1697394
CY2019 oss Impairment Of Intangible And Long Lived Assets
ImpairmentOfIntangibleAndLongLivedAssets
0
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:8pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Concentration Risks</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">At times, deposits held with financial institutions may exceed the amount of insurance provided by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) and Securities Investor Protection Corporation (&#8220;SIPC&#8221;), of which both provide basic deposit coverage with limits up to $250,000 per owner.&nbsp;&nbsp;As of December 31, 2019, the Company had $3,514,529 in excess of the insurance limits.&nbsp;&nbsp;The Company has not experienced any such losses in these accounts.&nbsp;&nbsp;In Germany, the deposit insurance is &#8364;100,000 per bank, per customer.&nbsp;&nbsp;Bressner has funds on deposit in both Euro and U.S. dollar denominations of &#8364;508,316 (US$570,686), with banks in excess of the insurance limits. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In the years ended December&#160;31, 2019 and December&#160;31, 2018, approximately 41%, and 53% of net sales represent customers which are each greater than 10% of our consolidated annual revenue.&nbsp;&nbsp;This concentration is with two customers, disguise and Raytheon.&nbsp;&nbsp;As of December 31, 2019 and 2018 approximately 72% and 60%, respectively of net trade accounts receivables represent customer balances which are each greater than 10% of our consolidated trade accounts receivable balance.&nbsp;&nbsp;As a result of the recent worldwide economic impact attributable to the coronavirus, disguise has been experiencing a slowdown in its business as the entertainment and media markets have been required to scale back or cancel large group gatherings.&#160;&#160; </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As a result, we have experienced delays in receipt of scheduled payments and requests for extended payment terms.&#160; As of March 26, 2020, the Company has approximately $5.8 million in outstanding receivables from disguise and management is working closely with this customer to ensure collection of all amounts owed. Management of disguise has asserted that it expects their primary markets to recover by the end of the second quarter of 2020, as areas of the world recover from the virus and business returns to normalcy.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:2pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company made purchases from certain suppliers for which each represented greater than 10% of the Company&#8217;s vendor purchases on an annual basis.&nbsp;&nbsp;Collectively these vendors represented approximately 11% and 37% of purchases for the years ended December 31, 2019, and 2018, respectively.&nbsp;&nbsp;This concentration is with one and three suppliers, respectively.</p>
CY2018Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
16100000
CY2019Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1554832
CY2019Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2488148
CY2019Q4 oss Working Capital
WorkingCapital
14000000
CY2017Q2 oss Capital Contribution From Parent
CapitalContributionFromParent
750000
CY2019Q4 oss Maximum Basic Deposit Coverage Per Owner
MaximumBasicDepositCoveragePerOwner
250000
CY2019Q4 oss Maximum Basic Securities Coverage Per Owner
MaximumBasicSecuritiesCoveragePerOwner
250000
CY2019Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
3514529
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
14000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13403
CY2019Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
25432
CY2018Q4 us-gaap Deferred Revenue
DeferredRevenue
133995
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
181751
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M3D
CY2019 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1.00
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.05
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
376878
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
323828
CY2019 oss Term Of Customers Product Warranty
TermOfCustomersProductWarranty
P1Y
CY2019 us-gaap Advertising Expense
AdvertisingExpense
352080
CY2019Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
1621177
CY2019 us-gaap Extended Product Warranty Description
ExtendedProductWarrantyDescription
The Company offers customers extended warranties beyond the standard one-year warranty on the product. The extended warranties are considered service-type warranties and would be considered as a separate performance obligation under ASC 606. The Company is the primary obligor and, revenue is recognized on a gross basis ratably over the term of the extended warranty. The customer can purchase extended warranties from one to five years, in the bronze, silver or gold categories.
CY2019Q4 oss Deferred Revenue Revenue To Be Recognize
DeferredRevenueRevenueToBeRecognize
394571
CY2019 oss Unearned Revenue Recognition Period
UnearnedRevenueRecognitionPeriod
2020 through 2024
CY2019 oss Purchase Price Allocation Period
PurchasePriceAllocationPeriod
P1Y
CY2018 us-gaap Advertising Expense
AdvertisingExpense
100520
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3538793
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4733793
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2192601
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1208536
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1346192
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3525257
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
683935
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
556872
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
63231
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
42154
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
984065
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
630258
CY2019 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
58308019
CY2018 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
53352821
CY2019 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-900337
CY2018 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-466675
CY2019 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.06
CY2018 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.04
CY2019 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.06
CY2018 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.04
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
11681157
CY2018Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
10553553
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
14000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
13403
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7263
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4952
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2478882
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2248520
CY2019Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
1857004
CY2018Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
1198071
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
493276
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
311072
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3087529
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3466419
CY2019Q4 us-gaap Inventory Gross
InventoryGross
7916691
CY2018Q4 us-gaap Inventory Gross
InventoryGross
7224082
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
547335
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
400152
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6076589
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3196133
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2508025
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1880167
CY2019Q4 oss Property Plant And Equipment Net Excluding Construction In Progress And Software Implementation
PropertyPlantAndEquipmentNetExcludingConstructionInProgressAndSoftwareImplementation
3568564
CY2018Q4 oss Property Plant And Equipment Net Excluding Construction In Progress And Software Implementation
PropertyPlantAndEquipmentNetExcludingConstructionInProgressAndSoftwareImplementation
1315966
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1969271
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
358017
CY2019Q4 oss Long Term Debt Maturities Repayments Of Principal In Next Twelve Months Discount
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsDiscount
30079
CY2018Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
1183653
CY2019Q4 oss Contract With Customer Liability And Customer Deposits
ContractWithCustomerLiabilityAndCustomerDeposits
1260126
CY2018Q4 oss Contract With Customer Liability And Customer Deposits
ContractWithCustomerLiabilityAndCustomerDeposits
1135470
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
424011
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
416313
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1302118
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1195282
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1969271
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
358017
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
2327288
CY2019Q4 oss Long Term Debt Maturities Repayments Of Principal In Year Two Discount
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoDiscount
8773
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
38852
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
30079
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
8773
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2019 us-gaap Preferred Stock Conversion Basis
PreferredStockConversionBasis
one-for-one basis
CY2019 us-gaap Common Stock Voting Rights
CommonStockVotingRights
one vote for each share
CY2018Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2019Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
1686444
CY2019Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1501085
CY2019 us-gaap Defined Contribution Plan Plan Name
DefinedContributionPlanPlanName
401(k)
CY2019 oss Defined Contribution Plan Employee Pre Tax Earnings
DefinedContributionPlanEmployeePreTaxEarnings
0.20
CY2018 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1.00
CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.05
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
692158
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
630830
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
713471
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
629511
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
548686
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
311433
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
211734
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2414835
CY2019 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
67197
CY2018 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
16599
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-947350
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-3227347
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
284265
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
257943
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-663085
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2969404
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-20391
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
19676
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1202
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
439662
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
109998
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
459338
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
90809
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-164662
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-817523
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-57424
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-670070
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-222086
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1487593
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-200212
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-623575
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
38764
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-556019
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
320208
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
510568
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
210567
CY2018 oss Income Tax Reconciliation Transaction Costs
IncomeTaxReconciliationTransactionCosts
126212
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-48499
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-472064
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
550454
CY2018 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
-115320
CY2019 oss Income Tax Rate Reconciliation Uncertain Tax Position
IncomeTaxRateReconciliationUncertainTaxPosition
54452
CY2018 oss Income Tax Rate Reconciliation Uncertain Tax Position
IncomeTaxRateReconciliationUncertainTaxPosition
-10000
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
32653
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
233909
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
21677
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
18877
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
284364
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
66460
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
217994
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
191855
CY2019Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
126428
CY2018Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
158196
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
182189
CY2018Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
158967
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
3794279
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
3268535
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4382888
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4106933
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
178593
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
183048
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4204295
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3923885
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
369004
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
151927
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
527447
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1009293
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
288021
CY2018Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
257033
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1184472
CY2018Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1418253
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
203466
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
59318
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
262784
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
54452
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
317236
CY2019 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
15148613
CY2018 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
12586513
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2019 oss Gross Profit Percentage
GrossProfitPercentage
0.333
CY2018 oss Gross Profit Percentage
GrossProfitPercentage
0.306

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