$OSS
ONE STOP SYSTEMS, INC.

2020 Q2 Form 10-Q Financial Statement

#000156459020037899 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $11.63M $14.89M $10.06M
YoY Change -21.91% 152.62% 41.27%
Cost Of Revenue $8.300M $9.470M $7.646M
YoY Change -12.35% 122.82% 55.83%
Gross Profit $3.325M $5.410M $2.412M
YoY Change -38.54% 229.88% 8.98%
Gross Profit Margin 28.6% 36.34% 23.98%
Selling, General & Admin $1.877M $3.180M $2.044M
YoY Change -40.96% 76.67% 90.48%
% of Gross Profit 56.46% 58.78% 84.75%
Research & Development $1.009M $1.230M $1.262M
YoY Change -18.0% 28.13% 29.75%
% of Gross Profit 30.33% 22.74% 52.33%
Depreciation & Amortization $410.0K $430.0K $115.3K
YoY Change -4.65% 53.57% -53.88%
% of Gross Profit 12.33% 7.95% 4.78%
Operating Expenses $3.731M $4.410M $4.444M
YoY Change -15.39% 59.78% 52.46%
Operating Profit -$405.9K $1.000M -$2.032M
YoY Change -140.59% -189.29% 189.56%
Interest Expense $150.2K $53.01K $6.268K
YoY Change 183.3% -88.74%
% of Operating Profit 5.3%
Other Income/Expense, Net -$47.79K -$56.08K -$14.43K
YoY Change -14.79% -203.03% -220.79%
Pretax Income -$453.7K -$1.037M -$2.047M
YoY Change -56.23% -2.6% 196.67%
Income Tax -$441.5K $558.1K -$1.102M
% Of Pretax Income
Net Earnings -$12.16K -$1.595M -$944.7K
YoY Change -99.24% -1.55% 18.92%
Net Earnings / Revenue -0.1% -10.71% -9.39%
Basic Earnings Per Share $0.00 -$0.07
Diluted Earnings Per Share $0.00 -$110.1K -$0.07
COMMON SHARES
Basic Shares Outstanding 16.49M 14.24M
Diluted Shares Outstanding 16.49M 14.24M

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.650M $4.940M $460.0K
YoY Change -5.87% -46.71% -94.96%
Cash & Equivalents $4.655M $4.945M $455.4K
Short-Term Investments
Other Short-Term Assets $600.0K $780.0K $850.0K
YoY Change -23.08% 95.0% 102.38%
Inventory $8.920M $8.859M $9.390M
Prepaid Expenses
Receivables $10.45M $8.341M $8.630M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $24.64M $22.92M $19.33M
YoY Change 7.48% 30.7% 6.8%
LONG-TERM ASSETS
Property, Plant & Equipment $3.550M $2.840M $2.440M
YoY Change 24.99% 61.38% 33.74%
Goodwill $7.121M
YoY Change
Intangibles $1.712M
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.060M $3.090M $3.720M
YoY Change 31.39% 451.79% 229.2%
Total Long-Term Assets $15.73M $14.77M $17.25M
YoY Change 6.53% 144.06% 153.98%
TOTAL ASSETS
Total Short-Term Assets $24.64M $22.92M $19.33M
Total Long-Term Assets $15.73M $14.77M $17.25M
Total Assets $40.37M $37.69M $36.58M
YoY Change 7.11% 59.77% 46.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.020M $3.143M $5.150M
YoY Change -3.92% 147.5% 367.63%
Accrued Expenses $2.310M $2.360M $2.490M
YoY Change -2.12% 321.43% 322.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.060M $550.0K
YoY Change -100.0%
Long-Term Debt Due $3.506M $2.294M $220.0K
YoY Change 52.88%
Total Short-Term Liabilities $10.26M $12.49M $10.60M
YoY Change -17.83% 354.05% 313.83%
LONG-TERM LIABILITIES
Long-Term Debt $2.863M $898.5K $210.0K
YoY Change 218.65%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.863M $898.5K $210.0K
YoY Change 218.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.26M $12.49M $10.60M
Total Long-Term Liabilities $2.863M $898.5K $210.0K
Total Liabilities $13.01M $13.36M $10.82M
YoY Change -2.63% 351.38% 322.42%
SHAREHOLDERS EQUITY
Retained Earnings -$3.394M
YoY Change
Common Stock $1.450K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.36M $24.33M $25.77M
YoY Change
Total Liabilities & Shareholders Equity $40.37M $37.69M $36.58M
YoY Change 7.11% 59.77% 46.96%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income -$12.16K -$1.595M -$944.7K
YoY Change -99.24% -1.55% 18.92%
Depreciation, Depletion And Amortization $410.0K $430.0K $115.3K
YoY Change -4.65% 53.57% -53.88%
Cash From Operating Activities -$2.220M $1.910M -$200.0K
YoY Change -216.23% 961.11% -95.04%
INVESTING ACTIVITIES
Capital Expenditures -$220.0K -$560.0K $803.2K
YoY Change -60.71% 1020.0% 5900.17%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities -$210.0K -$560.0K -$802.2K
YoY Change -62.5% 1020.0% 5892.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.488M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.030M 3.140M -817.3K
YoY Change 28.34% -106.29%
NET CHANGE
Cash From Operating Activities -2.220M 1.910M -200.0K
Cash From Investing Activities -210.0K -560.0K -802.2K
Cash From Financing Activities 4.030M 3.140M -817.3K
Net Change In Cash 1.600M 4.490M -1.819M
YoY Change -64.37% 3353.85% -120.35%
FREE CASH FLOW
Cash From Operating Activities -$2.220M $1.910M -$200.0K
Capital Expenditures -$220.0K -$560.0K $803.2K
Free Cash Flow -$2.000M $2.470M -$1.003M
YoY Change -180.97% 973.91% -75.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
149301
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1697394
oss Nonoperating Interest Income
NonoperatingInterestIncome
13275
us-gaap Interest Expense
InterestExpense
59281
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-24507
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-70513
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3083202
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-543839
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14341560
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
67442
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
43803
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
11875
us-gaap Net Income Loss
NetIncomeLoss
-2539363
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14341560
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
21149
oss Payment Of Payroll Taxes On Net Issuance Of Employee Stock Options
PaymentOfPayrollTaxesOnNetIssuanceOfEmployeeStockOptions
112879
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2323170
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1934
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
57000
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
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-55567
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-1096032
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
27221979
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
85378
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7467
CY2020Q2 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
-13754
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-41869
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-944730
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
25767398
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
157809
CY2019Q2 oss Stock Issued During Period Value Exercise Of Stock Options Restricted Stock Units And Warrants
StockIssuedDuringPeriodValueExerciseOfStockOptionsRestrictedStockUnitsAndWarrants
6948
CY2019Q2 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
-112879
CY2019Q2 oss Adjustments To Additional Paid In Capital Fair Value Of Warrants Issued With Notes Payable And Notes Payable To Related Parties
AdjustmentsToAdditionalPaidInCapitalFairValueOfWarrantsIssuedWithNotesPayableAndNotesPayableToRelatedParties
60158
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
24328604
us-gaap Profit Loss
ProfitLoss
-1108194
us-gaap Profit Loss
ProfitLoss
-2539363
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-953939
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-253097
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-18743
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1542
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
63939
oss Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
-1411
oss Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
1358
oss Warranty Reserve Adjustments
WarrantyReserveAdjustments
-4818
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
-53838
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
-32957
us-gaap Depreciation
Depreciation
449159
us-gaap Depreciation
Depreciation
268411
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
349051
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
618571
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
210176
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
136609
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
115990
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
6266
us-gaap Share Based Compensation
ShareBasedCompensation
293139
us-gaap Share Based Compensation
ShareBasedCompensation
325283
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1216931
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2185438
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1769655
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2118771
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
183698
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
106591
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1107724
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-559831
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-389504
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2125542
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2935059
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1713884
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
415582
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1356975
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1542
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1050
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-414040
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1355925
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
64467
oss Payment Of Payroll Taxes On Net Issuance Of Employee Stock Options
PaymentOfPayrollTaxesOnNetIssuanceOfEmployeeStockOptions
670599
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
49271
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
1028134
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-285320
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
932762
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-86824
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
454004
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2247363
oss Proceeds On Paycheck Protection Program Note Payable
ProceedsOnPaycheckProtectionProgramNotePayable
1499360
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2817718
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-531381
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2681129
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
662
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-8532
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
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4654602
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4944853
us-gaap Interest Paid Net
InterestPaidNet
108313
us-gaap Interest Paid Net
InterestPaidNet
59281
us-gaap Income Taxes Paid
IncomeTaxesPaid
146132
us-gaap Income Taxes Paid
IncomeTaxesPaid
4000
oss Original Issue Discount On Senior Secured Convertible Note
OriginalIssueDiscountOnSeniorSecuredConvertibleNote
300000
oss Reclassification Of Inventories To Property And Equipment
ReclassificationOfInventoriesToPropertyAndEquipment
20027
oss Reclassification Of Inventories To Property And Equipment
ReclassificationOfInventoriesToPropertyAndEquipment
67948
oss Fair Value Of Warrants Issued In Connection With Notes And Related Party Notes Payable
FairValueOfWarrantsIssuedInConnectionWithNotesAndRelatedPartyNotesPayable
60158
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:8pt;margin-bottom:0pt;text-indent:0%;color:#212529;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%;color:#212529;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period.&#160;Actual results could differ from these estimates and assumptions.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:5.77%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-top:2pt;margin-bottom:0pt;text-indent:5.24%;color:#212529;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On an ongoing basis, our management evaluates these estimates and assumptions, including those related to determination of standalone selling prices of our products and services, allowance for doubtful account and sales reserves, income tax valuations, stock-based compensation, goodwill, intangible assets and inventory valuations and recoverability. We base our estimates on historical data and experience, as well as various other factors that our management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-top:2pt;margin-bottom:0pt;text-indent:5.24%;color:#212529;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Due to the COVID-19 pandemic, there has been uncertainty and disruption in the global economy and financial markets. We are not aware of any specific event or circumstance that would require an update to our estimates or assumptions or a revision of the carrying value of our assets or liabilities as of the date of this Quarterly Report on Form 10-Q. These estimates and assumptions may change as new events occur and additional information is obtained. As a result, actual results could differ materially from these estimates and assumptions.</p>
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
CY2020Q2 oss Working Capital
WorkingCapital
14381656
CY2020Q2 oss Discount For Non Interest Bearing Convertible Note
DiscountForNonInterestBearingConvertibleNote
6000000
CY2020Q2 us-gaap Debt Conversion Original Debt Interest Rate Of Debt
DebtConversionOriginalDebtInterestRateOfDebt
0.10
CY2020Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
10466643
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
11681157
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
12592
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
14000
CY2020Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
994
CY2019Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1446
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1411
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1358
CY2020Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
4792656
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2478882
CY2020Q2 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
683195
CY2019Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
1857004
CY2020Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
244671
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1346192
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
334885
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
556872
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2541652
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
997141
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
493276
CY2020Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3808744
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3087529
CY2020Q2 us-gaap Inventory Gross
InventoryGross
9529266
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1302118
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
222057
CY2019Q4 us-gaap Inventory Gross
InventoryGross
7916691
CY2020Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
604831
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
547335
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3538793
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3538793
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2192601
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
63231
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
42153
CY2020Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
59329
CY2019Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6266
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
174525
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
269151
CY2020Q2 oss Contract With Customer Liability And Customer Deposits
ContractWithCustomerLiabilityAndCustomerDeposits
1427115
CY2019Q4 oss Contract With Customer Liability And Customer Deposits
ContractWithCustomerLiabilityAndCustomerDeposits
1260126
CY2020Q2 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
1216299
CY2019Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
1621177
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
424247
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
424011
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1095196
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
66849
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6266
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5830098
CY2020Q2 oss Long Term Debt Current Net Liability Portion
LongTermDebtCurrentNetLiabilityPortion
3075184
CY2020Q2 oss Long Term Debt Noncurrent Net Liability Portion
LongTermDebtNoncurrentNetLiabilityPortion
2754914
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
3506240
CY2020Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
208999
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2862996
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
52614
CY2020Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
55468
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
6369236
CY2020Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
274671
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
264467
CY2020Q2 oss Long Term Debt Net Liability Portion
LongTermDebtNetLiabilityPortion
5830098
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3506240
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2862996
CY2020Q2 oss Long Term Debt Maturities Repayments Of Principal In Year One Discount
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearOneDiscount
431056
CY2020Q2 oss Long Term Debt Maturities Repayments Of Principal In Year Two Discount
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoDiscount
108082
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
539138
CY2020Q2 oss Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Current Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsCurrentNet
431056
CY2020Q2 oss Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Noncurrent Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNoncurrentNet
108082
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
415020
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M29D
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
85378
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
157809
CY2020Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
176739
CY2019Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
167870
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
366156
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
339015
CY2020Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
17156
CY2019Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0
oss Unused Remaining Funding Commitments Expiration Date
UnusedRemainingFundingCommitmentsExpirationDate
2020-04-01
CY2020Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
16488325
CY2019Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14442291
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
16410660
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14341560
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2020Q2 oss Gross Profit Percentage
GrossProfitPercentage
0.286
CY2019Q2 oss Gross Profit Percentage
GrossProfitPercentage
0.364
oss Gross Profit Percentage
GrossProfitPercentage
0.269
oss Gross Profit Percentage
GrossProfitPercentage
0.314

Files In Submission

Name View Source Status
0001564590-20-037899-index-headers.html Edgar Link pending
0001564590-20-037899-index.html Edgar Link pending
0001564590-20-037899.txt Edgar Link pending
0001564590-20-037899-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
oss-10q_20200630.htm Edgar Link pending
oss-20200630.xml Edgar Link completed
oss-20200630.xsd Edgar Link pending
oss-20200630_cal.xml Edgar Link unprocessable
oss-20200630_def.xml Edgar Link unprocessable
oss-20200630_lab.xml Edgar Link unprocessable
oss-20200630_pre.xml Edgar Link unprocessable
oss-ex311_8.htm Edgar Link pending
oss-ex312_7.htm Edgar Link pending
oss-ex321_9.htm Edgar Link pending
oss-ex322_6.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending