2020 Q1 Form 10-Q Financial Statement
#000156459020025550 Filed on May 15, 2020
Income Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| Revenue | $13.36M | $10.06M |
| YoY Change | 32.83% | 41.27% |
| Cost Of Revenue | $9.964M | $7.646M |
| YoY Change | 30.31% | 55.83% |
| Gross Profit | $3.400M | $2.412M |
| YoY Change | 40.98% | 8.98% |
| Gross Profit Margin | 25.45% | 23.98% |
| Selling, General & Admin | $3.700M | $2.044M |
| YoY Change | 81.02% | 90.48% |
| % of Gross Profit | 108.82% | 84.75% |
| Research & Development | $1.203M | $1.262M |
| YoY Change | -4.64% | 29.75% |
| % of Gross Profit | 35.39% | 52.33% |
| Depreciation & Amortization | $221.3K | $115.3K |
| YoY Change | 91.92% | -53.88% |
| % of Gross Profit | 6.51% | 4.78% |
| Operating Expenses | $4.907M | $4.444M |
| YoY Change | 10.42% | 52.46% |
| Operating Profit | -$1.511M | -$2.032M |
| YoY Change | -25.64% | 189.56% |
| Interest Expense | -$40.00K | $6.268K |
| YoY Change | -738.16% | -88.74% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$10.00K | -$14.43K |
| YoY Change | -30.71% | -220.79% |
| Pretax Income | -$1.560M | -$2.047M |
| YoY Change | -23.78% | 196.67% |
| Income Tax | -$470.0K | -$1.102M |
| % Of Pretax Income | ||
| Net Earnings | -$1.096M | -$944.7K |
| YoY Change | 16.02% | 18.92% |
| Net Earnings / Revenue | -8.2% | -9.39% |
| Basic Earnings Per Share | -$0.07 | -$0.07 |
| Diluted Earnings Per Share | -$0.07 | -$0.07 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 16.33M | 14.24M |
| Diluted Shares Outstanding | 16.33M | 14.24M |
Balance Sheet
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.040M | $460.0K |
| YoY Change | 560.87% | -94.96% |
| Cash & Equivalents | $3.038M | $455.4K |
| Short-Term Investments | ||
| Other Short-Term Assets | $840.0K | $850.0K |
| YoY Change | -1.18% | 102.38% |
| Inventory | $8.980M | $9.390M |
| Prepaid Expenses | ||
| Receivables | $9.110M | $8.630M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $21.98M | $19.33M |
| YoY Change | 13.71% | 6.8% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.550M | $2.440M |
| YoY Change | 45.49% | 33.74% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $3.510M | $3.720M |
| YoY Change | -5.65% | 229.2% |
| Total Long-Term Assets | $15.34M | $17.25M |
| YoY Change | -11.07% | 153.98% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $21.98M | $19.33M |
| Total Long-Term Assets | $15.34M | $17.25M |
| Total Assets | $37.32M | $36.58M |
| YoY Change | 2.02% | 46.96% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $3.830M | $5.150M |
| YoY Change | -25.63% | 367.63% |
| Accrued Expenses | $2.780M | $2.490M |
| YoY Change | 11.65% | 322.03% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $550.0K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $1.622M | $220.0K |
| YoY Change | 637.42% | |
| Total Short-Term Liabilities | $10.04M | $10.60M |
| YoY Change | -5.32% | 313.83% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $67.66K | $210.0K |
| YoY Change | -67.78% | |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $67.66K | $210.0K |
| YoY Change | -67.78% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $10.04M | $10.60M |
| Total Long-Term Liabilities | $67.66K | $210.0K |
| Total Liabilities | $10.10M | $10.82M |
| YoY Change | -6.62% | 322.42% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $27.22M | $25.77M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $37.32M | $36.58M |
| YoY Change | 2.02% | 46.96% |
Cashflow Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.096M | -$944.7K |
| YoY Change | 16.02% | 18.92% |
| Depreciation, Depletion And Amortization | $221.3K | $115.3K |
| YoY Change | 91.92% | -53.88% |
| Cash From Operating Activities | -$721.8K | -$200.0K |
| YoY Change | 260.86% | -95.04% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $200.0K | $803.2K |
| YoY Change | -75.09% | 5900.17% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | -$198.5K | -$802.2K |
| YoY Change | -75.25% | 5892.33% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -1.214M | -817.3K |
| YoY Change | 48.56% | -106.29% |
| NET CHANGE | ||
| Cash From Operating Activities | -721.8K | -200.0K |
| Cash From Investing Activities | -198.5K | -802.2K |
| Cash From Financing Activities | -1.214M | -817.3K |
| Net Change In Cash | -2.134M | -1.819M |
| YoY Change | 17.31% | -120.35% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$721.8K | -$200.0K |
| Capital Expenditures | $200.0K | $803.2K |
| Free Cash Flow | -$921.8K | -$1.003M |
| YoY Change | -8.12% | -75.19% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
3459972 | |
| CY2019Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
3019823 | |
| CY2019Q4 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
199943 | |
| CY2019Q4 | us-gaap |
Minority Interest
MinorityInterest
|
500 | |
| CY2020Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
10036533 | |
| CY2020Q1 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
15722 | |
| CY2020Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1189351 | |
| CY2020Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1203425 | |
| CY2020Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
4906841 | |
| CY2020Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1511154 | |
| CY2020Q1 | oss |
Nonoperating Interest Income
NonoperatingInterestIncome
|
24637 | |
| CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1096032 | |
| CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
| CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.07 | |
| CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16332898 | |
| CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16332898 | |
| CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-55567 | |
| CY2020Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2020Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
9963950 | |
| CY2019Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2019Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1261964 | |
| CY2019Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1137932 | |
| CY2019Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
4443830 | |
| CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2032208 | |
| CY2019Q1 | oss |
Nonoperating Interest Income
NonoperatingInterestIncome
|
3107 | |
| CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-944729 | |
| CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
| CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.07 | |
| CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14239711 | |
| CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14239711 | |
| CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-41869 | |
| CY2019Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-986598 | |
| CY2020Q1 | oss |
Stock Issued During Period Value Exercise Of Stock Options Restricted Stock Units And Warrants
StockIssuedDuringPeriodValueExerciseOfStockOptionsRestrictedStockUnitsAndWarrants
|
57000 | |
| CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-41869 | |
| CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-55567 | |
| CY2020Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1151599 | |
| CY2020Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
207761 | |
| CY2020Q1 | oss |
Return Of Capital Upon Dissolution Of Joint Venture
ReturnOfCapitalUponDissolutionOfJointVenture
|
-500 | |
| CY2020Q1 | us-gaap |
Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
|
-656845 | |
| CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
26572322 | |
| CY2019Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
167474 | |
| CY2019Q1 | oss |
Stock Issued During Period Value Exercise Of Stock Options Restricted Stock Units And Warrants
StockIssuedDuringPeriodValueExerciseOfStockOptionsRestrictedStockUnitsAndWarrants
|
14201 | |
| CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
25767399 | |
| CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-1096032 | |
| CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-944729 | |
| CY2020Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
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| CY2019Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-1165219 | |
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Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
1542 | |
| CY2019Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
1050 | |
| CY2020Q1 | oss |
Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
|
-2405 | |
| CY2019Q1 | oss |
Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
|
-88 | |
| CY2020Q1 | oss |
Warranty Reserve Adjustments
WarrantyReserveAdjustments
|
-5075 | |
| CY2019Q1 | oss |
Warranty Reserve Adjustments
WarrantyReserveAdjustments
|
3428 | |
| CY2020Q1 | us-gaap |
Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
|
-41479 | |
| CY2019Q1 | us-gaap |
Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
|
-16479 | |
| CY2020Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
174525 | |
| CY2019Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
349419 | |
| CY2020Q1 | us-gaap |
Depreciation
Depreciation
|
221300 | |
| CY2019Q1 | us-gaap |
Depreciation
Depreciation
|
115308 | |
| CY2020Q1 | us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
148418 | |
| CY2019Q1 | us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
57046 | |
| CY2020Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
7520 | |
| CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
207761 | |
| CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
167474 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2530072 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1868297 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1826564 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2699867 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
386005 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
185596 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-275428 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1467746 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
54293 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
791149 | |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-721773 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-200017 | |
| CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
200049 | |
| CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
803243 | |
| CY2020Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1542 | |
| CY2019Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1050 | |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-198507 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-802193 | |
| CY2020Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
57000 | |
| CY2019Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
14201 | |
| CY2020Q1 | oss |
Payment Of Payroll Taxes On Net Issuance Of Employee Stock Options
PaymentOfPayrollTaxesOnNetIssuanceOfEmployeeStockOptions
|
656845 | |
| CY2020Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-430313 | |
| CY2019Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
140967 | |
| CY2020Q1 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-141042 | |
| CY2020Q1 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-42919 | |
| CY2019Q1 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-972440 | |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1214119 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-817272 | |
| CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-2134399 | |
| CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1819482 | |
| CY2020Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-12916 | |
| CY2019Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2660 | |
| CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
5185321 | |
| CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2272256 | |
| CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
3038006 | |
| CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
455434 | |
| CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
22369 | |
| CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
6268 | |
| CY2019Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
62349 | |
| CY2020Q1 | oss |
Unearned Revenue Recognition Period
UnearnedRevenueRecognitionPeriod
|
2020 through 2024 | |
| CY2020Q1 | oss |
Purchase Price Allocation Period
PurchasePriceAllocationPeriod
|
P1Y | |
| CY2020Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<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. </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, the allowance for doubtful accounts, fair value of stock options, recoverability of inventories and long-lived assets, and realizability of deferred tax assets. Actual results could differ from those estimates.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:5.24%;font-size:10pt;"> </p> | |
| CY2020Q1 | 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-bottom:0pt;margin-top:0pt;text-indent:5.24%;font-size:6pt;"> </p> <p style="margin-bottom:0pt;margin-top: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 (“FDIC”), which provides basic deposit coverage with limits up to $250,000 per owner. As of March 31, 2020, the Company had $2,169,502 in excess of the insurance limits. The Company has not experienced any such losses in these accounts. In Germany, the deposit insurance is €100,000 per bank, per customer. As of March 31, 2020, Bressner has €443,844 (US$489,275) on deposit with banks in excess of the insurance limits. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:5.24%;font-size:10pt;"> </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;">In the three month periods ended March 31, 2020, and 2019, the Company has one customer which represented greater than 10% of the Company’s revenue. Collectively, this customer represented approximately 27%, and 26% of revenue, respectively. As of March 31, 2020 and December 31, 2019, one customer accounted for 59% and 45% of net trade accounts receivables, respectively.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:5.24%;font-size:10pt;"> </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 of which each supplier was greater than 10% of the Company’s total vendor purchases on an annual basis. Collectively these vendors represented approximately <font style="color:#808080;">17</font>% and 30% of purchases for the three month periods ended March 31, 2020, and 2019, respectively.  </p> | |
| CY2020Q1 | oss |
Working Capital
WorkingCapital
|
11938554 | |
| CY2018Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
16100000 | |
| CY2019Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1554832 | |
| CY2019Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2488148 | |
| CY2020Q1 | oss |
Maximum Basic Deposit Coverage Per Owner
MaximumBasicDepositCoveragePerOwner
|
250000 | |
| CY2020Q1 | us-gaap |
Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
|
2169502 | |
| CY2020Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
11518 | |
| CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
14000 | |
| CY2020Q1 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
214 | |
| CY2019Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
25432 | |
| 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 | |
| CY2020Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
12359 | |
| CY2019Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
24718 | |
| CY2020Q1 | 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. | |
| CY2020Q1 | oss |
Term Of Customers Product Warranty
TermOfCustomersProductWarranty
|
P1Y | |
| CY2020Q1 | oss |
Deferred Revenue Revenue To Be Recognize
DeferredRevenueRevenueToBeRecognize
|
388378 | |
| CY2020Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
122092 | |
| CY2019Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
130922 | |
| CY2020Q1 | oss |
Cares Act Of2020 Income Tax Expense Benefit
CARESActOf2020IncomeTaxExpenseBenefit
|
-100000 | |
| CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
3538793 | |
| CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2367126 | |
| CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1171667 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
3538793 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2192601 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1346192 | |
| CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
509410 | |
| CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
556872 | |
| CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
63231 | |
| CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
42154 | |
| CY2020Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
9123197 | |
| CY2019Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
11681157 | |
| CY2020Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
11518 | |
| CY2019Q1 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
91371 | |
| CY2020Q1 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
189417 | |
| CY2019Q1 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
171145 | |
| CY2020Q1 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
17156 | |
| CY2019Q1 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | |
| CY2020Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1622315 | |
| CY2020Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
67661 | |
| CY2020Q1 | oss |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year Discount
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYearDiscount
|
30079 | |
| CY2020Q1 | oss |
Long Term Debt Maturities Repayments Of Principal In Year Two Discount
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoDiscount
|
1253 | |
| CY2020Q1 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
31332 | |
| CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
14000 | |
| CY2020Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-2405 | |
| CY2019Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-88 | |
| CY2020Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
3820575 | |
| CY2019Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
2478882 | |
| CY2020Q1 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
1277061 | |
| CY2019Q4 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
1857004 | |
| CY2020Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1024973 | |
| CY2019Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
493276 | |
| CY2020Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
3490385 | |
| CY2019Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
3087529 | |
| CY2020Q1 | us-gaap |
Inventory Gross
InventoryGross
|
9612994 | |
| CY2019Q4 | us-gaap |
Inventory Gross
InventoryGross
|
7916691 | |
| CY2020Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
628117 | |
| CY2019Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
547335 | |
| CY2020Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6296634 | |
| CY2019Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6076589 | |
| CY2020Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2744083 | |
| CY2019Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2508025 | |
| CY2020Q1 | oss |
Property Plant And Equipment Net Excluding Construction In Progress And Software Implementation
PropertyPlantAndEquipmentNetExcludingConstructionInProgressAndSoftwareImplementation
|
3552551 | |
| CY2019Q4 | oss |
Property Plant And Equipment Net Excluding Construction In Progress And Software Implementation
PropertyPlantAndEquipmentNetExcludingConstructionInProgressAndSoftwareImplementation
|
3568564 | |
| CY2020Q1 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
1798990 | |
| CY2019Q4 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
1621177 | |
| CY2020Q1 | oss |
Contract With Customer Liability And Customer Deposits
ContractWithCustomerLiabilityAndCustomerDeposits
|
1410491 | |
| CY2019Q4 | oss |
Contract With Customer Liability And Customer Deposits
ContractWithCustomerLiabilityAndCustomerDeposits
|
1260126 | |
| CY2020Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
422782 | |
| CY2019Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
424011 | |
| CY2020Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
978243 | |
| CY2019Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1302118 | |
| CY2019Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | |
| CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
1622315 | |
| CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
67661 | |
| CY2020Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1689976 | |
| CY2020Q1 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
30079 | |
| CY2020Q1 | us-gaap |
Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
|
1253 | |
| CY2020Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
| CY2020Q1 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one vote for each share | |
| CY2020Q1 | oss |
Proceeds From Stock Options Exercised And Warrants Exercised
ProceedsFromStockOptionsExercisedAndWarrantsExercised
|
57000 | |
| CY2019Q1 | oss |
Proceeds From Stock Options Exercised And Warrants Exercised
ProceedsFromStockOptionsExercisedAndWarrantsExercised
|
14201 | |
| CY2018Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2020Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
158871 | |
| CY2020Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y6M25D | |
| CY2020Q1 | us-gaap |
Defined Contribution Plan Plan Name
DefinedContributionPlanPlanName
|
401(k) | |
| CY2020Q1 | oss |
Defined Contribution Plan Employee Pre Tax Earnings
DefinedContributionPlanEmployeePreTaxEarnings
|
0.20 | |
| CY2020Q1 | us-gaap |
Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
|
1.00 | |
| CY2019Q1 | us-gaap |
Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
|
1.00 | |
| CY2020Q1 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.05 | |
| CY2019Q1 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.05 | |
| CY2020Q1 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
116527 | |
| CY2019Q1 | oss |
Gross Profit Percentage
GrossProfitPercentage
|
0.240 | |
| CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
16332898 | |
| CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
14239711 | |
| CY2020Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | |
| CY2020Q1 | oss |
Gross Profit Percentage
GrossProfitPercentage
|
0.254 |
