2024 Q4 Form 10-Q Financial Statement
#000121390024097879 Filed on November 14, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q4 |
---|---|---|---|
Revenue | $91.51M | ||
YoY Change | 173.41% | ||
Cost Of Revenue | $56.64M | ||
YoY Change | |||
Gross Profit | $34.86M | ||
YoY Change | |||
Gross Profit Margin | 38.1% | ||
Selling, General & Admin | $4.467M | ||
YoY Change | 428.21% | ||
% of Gross Profit | 12.81% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $8.784M | ||
YoY Change | |||
% of Gross Profit | 25.2% | ||
Operating Expenses | $93.69M | ||
YoY Change | 200.41% | ||
Operating Profit | -$2.186M | ||
YoY Change | -195.85% | ||
Interest Expense | -$1.407M | ||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $492.2K | ||
YoY Change | -317.18% | ||
Pretax Income | -$1.693M | ||
YoY Change | -182.46% | ||
Income Tax | -$327.8K | ||
% Of Pretax Income | |||
Net Earnings | -$1.365M | ||
YoY Change | -187.79% | ||
Net Earnings / Revenue | -1.49% | ||
Basic Earnings Per Share | -$0.05 | ||
Diluted Earnings Per Share | -$0.05 | ||
COMMON SHARES | |||
Basic Shares Outstanding | 27.03M shares | 25.96M shares | |
Diluted Shares Outstanding | 26.50M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2023 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $16.85M | ||
YoY Change | |||
Cash & Equivalents | $16.85M | $458.2K | |
Short-Term Investments | |||
Other Short-Term Assets | $13.96M | ||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $38.67M | $19.80M | |
Other Receivables | $276.2K | ||
Total Short-Term Assets | $69.75M | $23.43M | |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $129.1M | $18.00M | |
YoY Change | |||
Goodwill | $148.1M | ||
YoY Change | |||
Intangibles | $134.9M | $0.00 | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $427.9K | $528.0K | |
YoY Change | |||
Total Long-Term Assets | $428.5M | -$19.03M | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $69.75M | $23.43M | |
Total Long-Term Assets | $428.5M | -$19.03M | |
Total Assets | $498.2M | $4.395M | |
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $10.23M | $4.006M | |
YoY Change | |||
Accrued Expenses | $23.36M | $7.803M | |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | ||
YoY Change | |||
Long-Term Debt Due | $18.73M | $1.600M | |
YoY Change | |||
Total Short-Term Liabilities | $55.73M | $4.006M | |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $45.29M | $5.035M | |
YoY Change | |||
Other Long-Term Liabilities | $408.7K | ||
YoY Change | |||
Total Long-Term Liabilities | $45.70M | $5.035M | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $55.73M | $4.006M | |
Total Long-Term Liabilities | $45.70M | $5.035M | |
Total Liabilities | $159.8M | $26.36M | |
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$5.800M | -$572.8K | |
YoY Change | |||
Common Stock | $344.3M | $29.39K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $338.5M | $389.2K | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $498.2M | $4.395M | |
YoY Change |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.365M | ||
YoY Change | -187.79% | ||
Depreciation, Depletion And Amortization | $8.784M | ||
YoY Change | |||
Cash From Operating Activities | $3.404M | ||
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | -$315.2K | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$24.40M | ||
YoY Change | |||
Cash From Investing Activities | -$24.08M | ||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.234M | ||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | 3.404M | ||
Cash From Investing Activities | -24.08M | ||
Cash From Financing Activities | 1.234M | ||
Net Change In Cash | -19.44M | ||
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | $3.404M | ||
Capital Expenditures | -$315.2K | ||
Free Cash Flow | $3.719M | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Entity File Number
EntityFileNumber
|
001-42035 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
PROFICIENT AUTO LOGISTICS, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
93-1869180 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
12276 San Jose Blvd. | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 426 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Jacksonville | ||
dei |
Entity Address State Or Province
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|
FL | ||
dei |
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|
32223 | ||
dei |
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|
(904) | ||
dei |
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506-7918 | ||
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|
Common stock, par value $0.01 per share | ||
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PAL | ||
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NASDAQ | ||
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Yes | ||
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Non-accelerated Filer | ||
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|
1049570 | usd | |
CY2024Q3 | pal |
Adjustment Of Earn Out Contingency
AdjustmentOfEarnOutContingency
|
-3095114 | usd |
pal |
Adjustment Of Earn Out Contingency
AdjustmentOfEarnOutContingency
|
-3095114 | usd | |
CY2024Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-146151 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
20918 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2078 | usd | |
CY2024Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
492247 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
19521 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-715353 | usd | |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-226650 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-795542 | usd | |
CY2024Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1693258 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-5084195 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-21223851 | usd | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2053504 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
6334506 | usd | |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-327782 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
143054 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-4615398 | usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
498055 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1536364 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1365476 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5227249 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16608453 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1555449 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4798142 | usd | |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.05 | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.05 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.35 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.35 | ||
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
26495108 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
26495108 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14851641 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14851641 | shares | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 1 — Nature of operations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">AH Acquisition Corp. was formed on June 13, 2023, pursuant to the laws of the State of Delaware to become a holding company for the consolidation of several operating companies within the automobile transportation industry. Subsequently, on October 17, 2023, AH Acquisition Corp. legally changed its name to Proficient Auto Logistics, Inc (“Proficient,” the “Company,” or “We”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Proficient is an industry leading specialized freight company focused on providing auto transportation and logistics services. The Company offers a broad range of auto transportation and logistics services, primarily focused on transporting finished vehicles from automotive production facilities, marine ports of entry, or regional rail yards to auto dealerships around the country. We have developed a differentiated business model due to our scale, breadth of geographic coverage, and embedded customer relationships with leading auto original equipment manufacturing companies (“OEMs”). Our customers range from large, global auto companies, such as General Motors, BMW, Stellantis, and Mercedes Benz, to electric vehicle (“EV”) producers, such as Tesla and Rivian. Additional customers include auto dealers, auto auctions, rental car companies, and auto leasing companies. Proficient operates an asset-based Company Drivers service (“Company Drivers”) on behalf of the manufacturers as well as various third-party logistics management companies or brokers. In addition, Proficient provides third party logistics to other transportation companies under an asset-light freight model (“Brokered”).</p> | ||
us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
114659 | usd | |
CY2023 | us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
634913 | usd |
pal |
Adjustment Of Earn Out Contingency
AdjustmentOfEarnOutContingency
|
-3095114 | usd | |
CY2023Q4 | us-gaap |
Number Of Businesses Acquired
NumberOfBusinessesAcquired
|
5 | pure |
CY2024Q3 | pal |
Cash Percentage
CashPercentage
|
0.50 | pure |
CY2024Q3 | pal |
Common Stock Shares Percentage
CommonStockSharesPercentage
|
0.50 | pure |
CY2024Q3 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
3599373 | usd |
CY2024Q3 | pal |
Earnout Liability
EarnoutLiability
|
3095114 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
114900000 | usd |
CY2024Q3 | pal |
Earnout Liability
EarnoutLiability
|
3095114 | usd |
pal |
Additions Of Goodwill
AdditionsOfGoodwill
|
148092515 | usd | |
CY2024Q3 | us-gaap |
Goodwill
Goodwill
|
148092515 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
4632917 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
9663333 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
9663333 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
9663333 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
9663333 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
91620224 | usd |
CY2024Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
134906473 | usd |
us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P14Y2M8D | ||
CY2024Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
139214035 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
34209883 | usd |
CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
10146095 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
16211133 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
129067940 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
17998750 | usd |
CY2024Q3 | us-gaap |
Accrued Insurance Current
AccruedInsuranceCurrent
|
9248730 | usd |
CY2023Q4 | us-gaap |
Accrued Insurance Current
AccruedInsuranceCurrent
|
2209173 | usd |
CY2024Q3 | us-gaap |
Accrued Utilities Current
AccruedUtilitiesCurrent
|
3875371 | usd |
CY2023Q4 | us-gaap |
Accrued Utilities Current
AccruedUtilitiesCurrent
|
2111527 | usd |
CY2024Q3 | pal |
Accrued Deferred Leased To Purchase Payments Current
AccruedDeferredLeasedToPurchasePaymentsCurrent
|
2706398 | usd |
CY2023Q4 | pal |
Accrued Deferred Leased To Purchase Payments Current
AccruedDeferredLeasedToPurchasePaymentsCurrent
|
348134 | usd |
CY2024Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
2682278 | usd |
CY2023Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
700349 | usd |
CY2024Q3 | pal |
Accrued Owner Operator Deposits Current
AccruedOwnerOperatorDepositsCurrent
|
2043713 | usd |
CY2023Q4 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
444421 | usd |
CY2024Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2802630 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1989755 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
23359120 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
7803359 | usd |
CY2024Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure | |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure | |
CY2024Q3 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-355584 | usd |
us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-1067681 | usd | |
us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-4457009 | usd | |
CY2023Q3 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
431236 | usd |
us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
1330246 | usd | |
CY2024Q3 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-56185 | usd |
us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
57737 | usd | |
us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-870083 | usd | |
CY2023Q3 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
62792 | usd |
us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
193696 | usd | |
CY2024Q3 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
9154 | usd |
us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
1078165 | usd | |
us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
711694 | usd | |
CY2023Q3 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
4027 | usd |
us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
12422 | usd | |
CY2024Q3 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
74833 | usd |
us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
74833 | usd | |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-327782 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
143054 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-4615398 | usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
498055 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1536364 | usd | |
CY2023Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
3450129 | usd |
us-gaap |
Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
|
0.0925 | pure | |
CY2024Q3 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
6000000 | usd |
pal |
Percentage Of Maximum Principal
PercentageOfMaximumPrincipal
|
0.80 | pure | |
CY2023Q4 | us-gaap |
Other Long Term Notes Payable
OtherLongTermNotesPayable
|
6651810 | usd |
CY2023Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
16633 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1599699 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
5035478 | usd |
CY2024Q3 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
60932 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
18727011 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
45288020 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
5286346 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
17815678 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
13042312 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
10870437 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
17000258 | usd |
CY2024Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
64015031 | usd |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
39106 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
35296 | usd | |
CY2024Q3 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
27344 | usd |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
4795 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
9837 | usd | |
CY2023Q3 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
3279 | usd |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0687 | pure |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0086 | pure |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P8Y2M12D | |
CY2024Q3 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.1208 | pure |
CY2023Q4 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0926 | pure |
CY2024Q3 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y3M21D | |
CY2023Q4 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y25D | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
595696 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
24033 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
2416523 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
96134 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1781733 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
8011 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1409437 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1460741 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
6694472 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
14358602 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
128178 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
3298434 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
9981 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
11060168 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
118197 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1711257 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
86544 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
9348911 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
31653 | usd |
CY2024Q3 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
2706398 | usd |
CY2023Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
348134 | usd |
us-gaap |
Proceeds From Sale Of Lease Receivables
ProceedsFromSaleOfLeaseReceivables
|
511141 | usd | |
CY2023 | us-gaap |
Proceeds From Sale Of Lease Receivables
ProceedsFromSaleOfLeaseReceivables
|
35055 | usd |
CY2024Q3 | us-gaap |
Sales Type Lease Revenue
SalesTypeLeaseRevenue
|
0 | usd |
us-gaap |
Sales Type Lease Revenue
SalesTypeLeaseRevenue
|
0 | usd | |
us-gaap |
Sales Type Lease Revenue
SalesTypeLeaseRevenue
|
0 | usd | |
CY2023Q3 | us-gaap |
Sales Type Lease Revenue
SalesTypeLeaseRevenue
|
25000 | usd |
CY2024Q2 | us-gaap |
Sales Type Lease Revenue
SalesTypeLeaseRevenue
|
0 | usd |
CY2024Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
5365 | usd |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
273 | usd | |
CY2023Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2045 | usd |
CY2024Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
88632 | usd |
CY2024Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
298647 | usd |
CY2024Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
157755 | usd |
CY2024Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
29880 | usd |
CY2024Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
574914 | usd |
CY2024Q3 | pal |
Lessor Operating Lease Payment Present Value Factor
LessorOperatingLeasePaymentPresentValueFactor
|
63773 | usd |
CY2024Q3 | us-gaap |
Net Investment In Lease After Allowance For Credit Loss Current
NetInvestmentInLeaseAfterAllowanceForCreditLossCurrent
|
511141 | usd |
CY2024Q3 | us-gaap |
Net Investment In Lease Current
NetInvestmentInLeaseCurrent
|
276193 | usd |
CY2024Q3 | us-gaap |
Net Investment In Lease Noncurrent
NetInvestmentInLeaseNoncurrent
|
234948 | usd |
CY2024Q3 | us-gaap |
Investment Company Market Value Per Share
InvestmentCompanyMarketValuePerShare
|
1 | |
CY2023 | pal |
Undistributed Preferred Returns
UndistributedPreferredReturns
|
5813749 | usd |
CY2024Q3 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
6848795 | shares |
pal |
Additional Share
AdditionalShare
|
2149999 | shares | |
pal |
Gross Proceeds
GrossProceeds
|
21500000 | usd | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | pure | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1365476 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5227249 | usd | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
26495108 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14851641 | shares | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.05 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.35 | ||
CY2024Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1250341 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1252348 | shares | |
CY2023Q3 | us-gaap |
Legal Fees
LegalFees
|
4000000 | usd |
CY2022 | us-gaap |
Other Expenses
OtherExpenses
|
4000000 | usd |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | pal |
Rule10b51 Arrangement Modified Flag
Rule10b51ArrangementModifiedFlag
|
false | |
CY2024Q3 | pal |
Non Rule10b51 Arrangement Modified Flag
NonRule10b51ArrangementModifiedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q4 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
usd | |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
usd | |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
usd | |
CY2024Q3 | us-gaap |
Bank Overdrafts
BankOverdrafts
|
usd | |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
usd | |
CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
usd | |
CY2024Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
usd | |
CY2023Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | ||
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
usd | ||
CY2023Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
usd | ||
us-gaap |
Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
|
usd | ||
CY2023Q3 | us-gaap |
Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
|
usd | |
us-gaap |
Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
|
usd | ||
pal |
Adjustment Of Earn Out Contingency
AdjustmentOfEarnOutContingency
|
usd | ||
CY2023Q3 | pal |
Adjustment Of Earn Out Contingency
AdjustmentOfEarnOutContingency
|
usd | |
pal |
Adjustment Of Earn Out Contingency
AdjustmentOfEarnOutContingency
|
usd | ||
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
usd | ||
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
usd | |
CY2023Q4 | pal |
Accrued Owner Operator Deposits Current
AccruedOwnerOperatorDepositsCurrent
|
usd | |
CY2024Q3 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
usd | |
us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
usd | ||
CY2023Q3 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
usd | |
us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
usd | ||
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
usd | |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
usd | |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001998768 |