2023 Q2 Form 10-Q Financial Statement

#000184235623000014 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $19.82M $20.62M $0.00
YoY Change
Cost Of Revenue $3.303M $1.026M $820.0K
YoY Change 63.19% 25.12%
Gross Profit $16.52M $19.60M $8.850M
YoY Change -19.14% 121.44%
Gross Profit Margin 83.34% 95.02%
Selling, General & Admin $15.58M $18.26M $2.182M
YoY Change 892.61% 736.74%
% of Gross Profit 94.32% 93.17% 24.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $375.0K $381.0K $152.0K
YoY Change 26.26% 150.66%
% of Gross Profit 2.27% 1.94% 1.72%
Operating Expenses $15.58M $18.26M $2.182M
YoY Change 892.61% 736.74%
Operating Profit $938.0K $1.338M -$2.182M
YoY Change -159.76% -161.32% 18656.65%
Interest Expense $1.659M -$1.630M $10.20K
YoY Change 834.44% -16080.39%
% of Operating Profit 176.87% -121.82%
Other Income/Expense, Net -$65.00K $56.00K $10.20K
YoY Change -136.61% 448.91%
Pretax Income -$4.384M -$3.787M -$2.172M
YoY Change 214.95% 74.36%
Income Tax $38.00K $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.869M -$3.787M -$2.172M
YoY Change 177.95% 74.36% 18568.96%
Net Earnings / Revenue -19.52% -18.36%
Basic Earnings Per Share -$0.10 -$0.10 -$0.38
Diluted Earnings Per Share -$0.10 -$0.10 -$138.5K
COMMON SHARES
Basic Shares Outstanding 37.49M shares 37.43M shares 15.69M
Diluted Shares Outstanding 38.11M shares 37.07M shares 6.121M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.80M $24.50M $335.2K
YoY Change 14639.97% 7210.54%
Cash & Equivalents $24.79M $24.50M $335.2K
Short-Term Investments
Other Short-Term Assets $2.000M $2.021M $332.1K
YoY Change 530.42% 508.5%
Inventory
Prepaid Expenses
Receivables $7.762M $8.223M
Other Receivables $0.00 $0.00
Total Short-Term Assets $34.54M $34.75M $735.9K
YoY Change 6133.28% 4621.71%
LONG-TERM ASSETS
Property, Plant & Equipment $89.00K $89.00K
YoY Change
Goodwill $5.096M $4.501M
YoY Change
Intangibles $7.814M $8.173M
YoY Change
Long-Term Investments $125.0M
YoY Change
Other Assets $2.092M $1.529M $119.7K
YoY Change 4253.8% 1177.04%
Total Long-Term Assets $16.30M $14.90M $125.1M
YoY Change -86.98% -88.09%
TOTAL ASSETS
Total Short-Term Assets $34.54M $34.75M $735.9K
Total Long-Term Assets $16.30M $14.90M $125.1M
Total Assets $50.84M $49.65M $125.9M
YoY Change -59.59% -60.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.672M $6.715M $52.50K
YoY Change 11765.59% 12691.45%
Accrued Expenses $4.150M $4.515M $2.334M
YoY Change 14.6% 93.42%
Deferred Revenue $2.627M $2.554M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.427M $1.344M
YoY Change
Total Short-Term Liabilities $18.88M $16.15M $2.387M
YoY Change 409.85% 576.47%
LONG-TERM LIABILITIES
Long-Term Debt $25.57M $25.27M $0.00
YoY Change
Other Long-Term Liabilities $218.0K $703.0K $4.375M
YoY Change -95.02% -83.93%
Total Long-Term Liabilities $25.79M $25.27M $4.375M
YoY Change 489.44% 477.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.88M $16.15M $2.387M
Total Long-Term Liabilities $25.79M $25.27M $4.375M
Total Liabilities $45.80M $42.12M $6.762M
YoY Change 466.92% 522.9%
SHAREHOLDERS EQUITY
Retained Earnings -$156.1M -$152.2M -$5.893M
YoY Change 1988.01% 2482.59%
Common Stock $4.000K $4.000K $318.00
YoY Change 1157.86% 1157.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.044M $7.531M -$5.893M
YoY Change
Total Liabilities & Shareholders Equity $50.84M $49.65M $125.9M
YoY Change -59.59% -60.55%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$3.869M -$3.787M -$2.172M
YoY Change 177.95% 74.36% 18568.96%
Depreciation, Depletion And Amortization $375.0K $381.0K $152.0K
YoY Change 26.26% 150.66%
Cash From Operating Activities $1.253M -$3.580M -$352.4K
YoY Change -850.7% 915.84% 2929.22%
INVESTING ACTIVITIES
Capital Expenditures $15.00K $16.00K $5.000K
YoY Change 220.0%
Acquisitions $9.000M $0.00
YoY Change
Other Investing Activities -$710.0K -$10.65M -$6.720M
YoY Change 58.41%
Cash From Investing Activities -$725.0K -$10.66M -$6.720M
YoY Change 58.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $277.0K $110.0K
YoY Change 151.82%
Cash From Financing Activities -238.0K -$223.0K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 1.253M -$3.580M -352.4K
Cash From Investing Activities -725.0K -$10.66M -$6.720M
Cash From Financing Activities -238.0K -$223.0K 0.000
Net Change In Cash 290.0K -$14.46M -352.4K
YoY Change -273.75% 4004.21% -1844.3%
FREE CASH FLOW
Cash From Operating Activities $1.253M -$3.580M -$352.4K
Capital Expenditures $15.00K $16.00K $5.000K
Free Cash Flow $1.238M -$3.596M -$357.4K
YoY Change 906.1%

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CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2023Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
54000 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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CY2023Q1 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
0 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
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CY2023Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1151000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-223000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24502000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Interest Paid Net
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1203000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
4000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023Q1 pet Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.97
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
91130 shares
CY2022Q3 pet Number Of Lenders
NumberOfLenders
2 lender
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;padding-left:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and disclosures as of the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on various factors, including historical experience, and on various other assumptions that are believed to be reasonable under the circumstances, when these carrying values are not readily available from other sources.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant items subject to estimates and assumptions include, but are not limited to, fair values of financial instruments, assumptions used in the valuation of common and preferred stock, valuation of stock-based compensation and warrants, and the valuation allowance for deferred income taxes. Actual results may differ from these estimates.</span></div>
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-152200000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-148400000 usd
CY2023Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
1500000 usd
CY2022Q1 us-gaap Advertising Expense
AdvertisingExpense
1900000 usd
CY2022Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q3 pet Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.97
CY2023Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Cash, cash equivalents, investments, and amounts at payment processors are potentially subject to concentration of credit risk. Such balances are maintained at financial institutions that management determines to be of high-credit quality. Cash accounts at each institution are insured by the Federal Deposit Insurance Corporation ("FDIC") up to certain limits. At times, such deposits may be in excess of the FDIC insurance limit. The Company has not experienced any losses on its deposits.
CY2023Q1 us-gaap Advertising Expense
AdvertisingExpense
2100000 usd
CY2022Q3 pet Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.97
CY2022Q3 pet Proceeds From Redemption Of Common Stock
ProceedsFromRedemptionOfCommonStock
29100000 usd
CY2022Q3 pet Proceeds From Redemption Of Common Stock Classified As Restricted Cash Current
ProceedsFromRedemptionOfCommonStockClassifiedAsRestrictedCashCurrent
23900000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
5000000 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q3 pet Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.97
CY2022Q3 pet Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.97
CY2022Q3 pet Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.97
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
24700000 usd
CY2022Q3 pet Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
2393378 shares
CY2022Q3 pet Derivative Instrument Contingent Consideration Liability Price Per Share
DerivativeInstrumentContingentConsiderationLiabilityPricePerShare
10.30
CY2022Q4 pet Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
955000 shares
CY2022Q4 pet Derivative Instrument Contingent Consideration Liability Repurchase Price
DerivativeInstrumentContingentConsiderationLiabilityRepurchasePrice
14800000 usd
CY2022Q4 pet Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
955000 shares
CY2022Q4 pet Derivative Instrument Contingent Consideration Liability Proceeds From Release Of Restricted Cash
DerivativeInstrumentContingentConsiderationLiabilityProceedsFromReleaseOfRestrictedCash
9800000 usd
CY2022Q3 pet Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
28330000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
5202000 usd
CY2022Q3 pet Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
12488000 usd
CY2022Q3 pet Reverse Recapitalization Accrued Transaction Costs
ReverseRecapitalizationAccruedTransactionCosts
9318000 usd
CY2022Q3 pet Reverse Recapitalization Net
ReverseRecapitalizationNet
11726000 usd
CY2022Q3 pet Reverse Recapitalization Reversal Of Additional Paid In Capital Impact Recorded Upon Issuance Of Forward Purchase Agreements
ReverseRecapitalizationReversalOfAdditionalPaidInCapitalImpactRecordedUponIssuanceOfForwardPurchaseAgreements
23203000 usd
CY2022Q4 pet Derivative Instrument Contingent Consideration Liability Proceeds From Release Of Restricted Cash
DerivativeInstrumentContingentConsiderationLiabilityProceedsFromReleaseOfRestrictedCash
9837000 usd
CY2022Q4 pet Reverse Recapitalization Additional Paid In Capital Impact Of Forward Purchase Agreement Net Of Cash Received
ReverseRecapitalizationAdditionalPaidInCapitalImpactOfForwardPurchaseAgreementNetOfCashReceived
4229000 usd
CY2022Q4 pet Reverse Recapitalization Net
ReverseRecapitalizationNet
2589000 usd
CY2022Q3 pet Stock Issued During Period Shares Reverse Recapitalization
StockIssuedDuringPeriodSharesReverseRecapitalization
6523530 shares
CY2022Q3 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
122434 shares
CY2022Q3 pet Stock Issued During Period Shares Reverse Recapitalization And Other
StockIssuedDuringPeriodSharesReverseRecapitalizationAndOther
6645964 shares
CY2022Q3 pet Stock Converted Reverse Recapitalization
StockConvertedReverseRecapitalization
31100000 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37745964 shares
CY2022Q3 pet Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
2393378 shares
CY2022Q3 us-gaap Shares Outstanding
SharesOutstanding
30863283 shares
CY2022Q4 pet Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.97
CY2022Q3 pet Reverse Recapitalization Contingent Consideration Equity Earnout Period
ReverseRecapitalizationContingentConsiderationEquityEarnoutPeriod
P3Y
CY2022Q3 pet Stock Issued During Period Value Reverse Recapitalization Contingent Consideration Equity
StockIssuedDuringPeriodValueReverseRecapitalizationContingentConsiderationEquity
23900000 usd
CY2023Q1 pet Reverse Recapitalization Transaction Costs
ReverseRecapitalizationTransactionCosts
39500000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2600000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2200000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20623000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9666000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
400000 usd
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
100000 usd
CY2022Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P30M
CY2022Q4 pet Lessee Future Operating Lease Monthly Base Rent
LesseeFutureOperatingLeaseMonthlyBaseRent
20400 usd
CY2022Q4 pet Lessee Future Operating Lease Monthly Rent Increase Percent
LesseeFutureOperatingLeaseMonthlyRentIncreasePercent
0.030
CY2022Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P13M
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
100000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
187000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
248000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
255000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
43000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
733000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.084
CY2019Q4 us-gaap Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
1200000 usd
CY2022Q2 us-gaap Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority
-1200000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
988000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1751000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
30227000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
32966000 usd
CY2022Q3 pet Line Of Credit Facility Financial Covenants Minimum Liquidity
LineOfCreditFacilityFinancialCovenantsMinimumLiquidity
5000000 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
110000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
110000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37429251 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
37429251 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
36849076 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
36849076 shares
CY2023Q1 pet Common Stock Exchange Ratio
CommonStockExchangeRatio
0.97
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1342000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
54000 usd
CY2023Q1 pet Number Of Lenders
NumberOfLenders
2
CY2021Q3 pet Fair Value Of Warrants Price
FairValueOfWarrantsPrice
1.32
CY2023Q1 pet Class Of Warrant Or Right Redemption Of Warrants Or Rights Reference Price
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsReferencePrice
16.50
CY2023Q1 pet Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Trading Days
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdTradingDays
20 day
CY2023Q1 pet Class Of Warrant Or Right Redemption Of Warrants Or Rights Consecutive Trading Days
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsConsecutiveTradingDays
30 day
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.38
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-3787000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-2350000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37065450 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37065450 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6121253 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6121253 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.38
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
44152692 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
36148475 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0

Files In Submission

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pet-20230331_pre.xml Edgar Link unprocessable
pet-20230331_def.xml Edgar Link unprocessable
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0001842356-23-000014.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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pet-20230331.htm Edgar Link pending
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