2022 Q3 Form 10-Q Financial Statement

#000162828022022920 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $4.758M $5.485M $6.778M
YoY Change 120.28% 281.96% 311.79%
Cost Of Revenue $3.963M $3.965M $5.007M
YoY Change 286.26% 252.76% 623.55%
Gross Profit $795.0K $1.520M $1.771M
YoY Change -29.89% 387.18% 85.64%
Gross Profit Margin 16.71% 27.71% 26.13%
Selling, General & Admin $7.008M $7.179M $5.790M
YoY Change 74.72% 96.15% 74.71%
% of Gross Profit 881.51% 472.3% 326.93%
Research & Development $1.665M $1.876M $1.003M
YoY Change 43.53% 121.75% -4.66%
% of Gross Profit 209.43% 123.42% 56.63%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $8.673M $9.055M $6.793M
YoY Change 67.72% 100.95% 55.59%
Operating Profit -$7.878M -$7.535M -$5.022M
YoY Change 95.14% 79.66% 47.19%
Interest Expense -$194.0K $273.0K $381.0K
YoY Change -112.86% -85.2% -82.83%
% of Operating Profit
Other Income/Expense, Net -$140.0K -$9.536M -$9.895M
YoY Change -103.18% 166.22% -9.18%
Pretax Income -$8.018M -$17.07M -$14.92M
YoY Change -2255.38% 119.53% 4.26%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$8.018M -$17.07M -$14.92M
YoY Change -2255.38% 119.53% 4.26%
Net Earnings / Revenue -168.52% -311.23% -220.08%
Basic Earnings Per Share -$0.08 -$0.17 -$0.15
Diluted Earnings Per Share -$0.08 -$0.17 -$0.15
COMMON SHARES
Basic Shares Outstanding 98.38M shares 97.74M shares 96.84M shares
Diluted Shares Outstanding 98.82M shares 97.74M shares 96.84M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.538M $2.705M $10.82M
YoY Change 868.03% -0.33% -53.92%
Cash & Equivalents $8.538M $2.705M $10.82M
Short-Term Investments
Other Short-Term Assets $13.43M $13.78M $25.54M
YoY Change 775.23% 484.15% 1251.22%
Inventory $3.236M $3.528M $4.699M
Prepaid Expenses
Receivables $1.714M $803.0K $1.219M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $26.91M $20.82M $42.27M
YoY Change 639.6% 263.15% 60.74%
LONG-TERM ASSETS
Property, Plant & Equipment $207.0K $145.0K $77.00K
YoY Change 541.67%
Goodwill $33.06M $33.14M $33.23M
YoY Change 27.72% 27.89% 28.24%
Intangibles $2.691M $2.858M $3.030M
YoY Change 6981.58% 5192.59% 3735.44%
Long-Term Investments
YoY Change
Other Assets $1.680M $1.680M $1.632M
YoY Change 85.84% 85.84% 81.33%
Total Long-Term Assets $41.57M $40.42M $39.15M
YoY Change 46.82% 41.93% 36.76%
TOTAL ASSETS
Total Short-Term Assets $26.91M $20.82M $42.27M
Total Long-Term Assets $41.57M $40.42M $39.15M
Total Assets $68.48M $61.24M $81.42M
YoY Change 114.33% 79.0% 48.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.514M $7.510M $6.809M
YoY Change 6.06% 6.69% -12.49%
Accrued Expenses $5.599M $6.953M $7.114M
YoY Change 131.65% 252.59% 123.01%
Deferred Revenue $1.650M $1.715M $3.263M
YoY Change -9.09% -14.68% 49.68%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $12.69M $2.031M $3.493M
YoY Change 15190.36% 2346.99% -65.11%
Total Short-Term Liabilities $29.94M $21.16M $26.12M
YoY Change 101.64% 30.97% -14.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $4.474M $3.103M $2.031M
YoY Change 79.39% -0.61% -41.97%
Total Long-Term Liabilities $4.474M $3.103M $2.031M
YoY Change 426.97% -16.59% -45.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.94M $21.16M $26.12M
Total Long-Term Liabilities $4.474M $3.103M $2.031M
Total Liabilities $35.70M $25.54M $29.43M
YoY Change 88.62% 7.63% -23.29%
SHAREHOLDERS EQUITY
Retained Earnings -$239.3M -$231.3M -$214.2M
YoY Change 42.87% 37.78% 33.81%
Common Stock $10.00K $10.00K $10.00K
YoY Change 25.0% 42.86% 42.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $32.78M $35.69M $51.99M
YoY Change
Total Liabilities & Shareholders Equity $68.48M $61.24M $81.42M
YoY Change 114.33% 79.0% 48.24%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$8.018M -$17.07M -$14.92M
YoY Change -2255.38% 119.53% 4.26%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$7.883M -$4.818M -$10.17M
YoY Change 67.08% -31.86% 39.35%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$78.00K -$80.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.559M -$489.0K
YoY Change 292.7% -55.55%
Cash From Investing Activities -$80.00K -$1.637M -$569.0K
YoY Change 312.34% -48.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.88M -1.566M -$1.550M
YoY Change 375.32% -88.22% -105.55%
NET CHANGE
Cash From Operating Activities -7.883M -4.818M -$10.17M
Cash From Investing Activities -80.00K -1.637M -$569.0K
Cash From Financing Activities 13.88M -1.566M -$1.550M
Net Change In Cash 5.921M -8.021M -$12.32M
YoY Change -429.49% -61.37% -163.1%
FREE CASH FLOW
Cash From Operating Activities -$7.883M -$4.818M -$10.17M
Capital Expenditures -$80.00K -$78.00K -$80.00K
Free Cash Flow -$7.803M -$4.740M -$10.09M
YoY Change

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WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfDilutedSharesOutstanding
71620000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97293000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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-85000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Share Based Compensation
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1264000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Net Income Loss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
35693000 usd
CY2021Q1 us-gaap Stockholders Equity
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1371000 usd
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Issued During Period Value Stock Options Exercised
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us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2426000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Stockholders Equity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
259000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2770000 usd
us-gaap Fair Value Adjustment Of Warrants
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us-gaap Fair Value Adjustment Of Warrants
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1649000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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phun Impairment Of Digital Assets
ImpairmentOfDigitalAssets
21511000 usd
phun Impairment Of Digital Assets
ImpairmentOfDigitalAssets
776000 usd
us-gaap Share Based Compensation
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2438000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-284000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-142000 usd
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
892000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
631000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
416000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
920000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1282000 usd
phun Increase Decrease In Estimated Litigation Liability
IncreaseDecreaseInEstimatedLitigationLiability
0 usd
phun Increase Decrease In Estimated Litigation Liability
IncreaseDecreaseInEstimatedLitigationLiability
-1500000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-386000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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1125000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
phun Payments For Purchase Of Digital Currencies
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923000 usd
phun Payments For Purchase Of Digital Currencies
PaymentsForPurchaseOfDigitalCurrencies
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
158000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Convertible Debt
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us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
9981000 usd
us-gaap Repayments Of Convertible Debt
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3132000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
25095000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
16000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
70000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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16000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-20432000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1226000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23137000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4031000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2705000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2805000 usd
us-gaap Interest Paid Net
InterestPaidNet
408000 usd
us-gaap Interest Paid Net
InterestPaidNet
1287000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1508000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
phun Non Cash Exchange Of Digital Assets
NonCashExchangeOfDigitalAssets
923000 usd
phun Non Cash Exchange Of Digital Assets
NonCashExchangeOfDigitalAssets
0 usd
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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1125000 usd
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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0 usd
phun Sale Of Stock Consideration Incurred But Not Yet Received
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0 usd
phun Sale Of Stock Consideration Incurred But Not Yet Received
SaleOfStockConsiderationIncurredButNotYetReceived
867000 usd
us-gaap Stock Issued1
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0 usd
us-gaap Stock Issued1
StockIssued1
66000 usd
CY2021Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
3263000 usd
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
3471000 usd
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-167886000 usd
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1180000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-7776000 usd
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
1649000 usd
us-gaap Net Income Loss
NetIncomeLoss
-22083000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.32
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-17071000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Use Of Estimates
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<div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',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:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Items subject to the use of estimates include, but are not limited to, the standalone selling price for our products and services, our various digital asset transactions, stock-based compensation, useful lives of long-lived assets including intangibles, fair value of intangible assets and the recoverability or impairment of tangible and intangible assets, including goodwill, contingent consideration for our business combination with Lyte and periodic reassessment of fair value, allocating the fair value of purchase consideration to assets acquired and liabilities assumed in our business combination, reserves and certain accrued liabilities, the benefit period of deferred commissions, assumptions used in Black-Scholes valuation method, such as the current trading price of our common stock at time of exercise of our warrant, expected volatility, risk-free interest rate and expected dividend rate and provision for (benefit from) income taxes. Actual results could differ from those estimates and such differences could be material to the consolidated financial statements.</span></div>
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
5531000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our financial instruments that are exposed to concentrations of credit risk consist primarily of cash, trade accounts receivable and our digital asset holdings.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There is currently no clearing house for our digital assets, including our bitcoin, ethereum or other digital asset holdings, nor is there a central or major depository for the custody of our digital assets. There is a risk that some or all of our digital asset holdings could be lost or stolen. There can be no assurance that the custodians will maintain adequate insurance or that such coverage will cover losses with respect to our digital asset holdings. Further, transactions denominated in digital assets are irrevocable. Stolen or incorrectly transferred digital assets may be irretrievable. As a result, any incorrectly executed transactions could adversely our financial condition. The aggregate cost basis of our digital asset holdings is $42,255 and $41,964 at June 30, 2022 and December 31, 2021, respectively. </span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Although we limit our exposure to credit loss by depositing our cash with established financial institutions that management believes have good credit ratings and represent minimal risk of loss of principal, our deposits, at times, may exceed federally insured limits. Collateral is not required for accounts receivable, and we believe the carrying value approximates fair value.</span></div>
CY2022Q2 phun Impairment Of Digital Assets
ImpairmentOfDigitalAssets
12158000 usd
phun Impairment Of Digital Assets
ImpairmentOfDigitalAssets
21511000 usd
phun Realized Gains Losses On Digital Assets
RealizedGainsLossesOnDigitalAssets
194000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9192876 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11754664 shares
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5485000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1436000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3082000 usd
CY2022Q2 us-gaap Contract With Customer Liability Current
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1715000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
859000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1299000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2574000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5272000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3182000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5243000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.40
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
phun Number Of Security Token Sold
NumberOfSecurityTokenSold
186800000 phuntoken
phun Proceeds From Sale Of Security Token
ProceedsFromSaleOfSecurityToken
1533000 usd
CY2022Q1 phun Number Of Security Token Issued In Transaction
NumberOfSecurityTokenIssuedInTransaction
827500000 phuntoken
CY2022Q1 phun Proceeds From Sale Of Security Token
ProceedsFromSaleOfSecurityToken
7000 usd
CY2022Q2 phun Security Token Issued
SecurityTokenIssued
461300000 phuntoken
CY2021Q4 phun Security Token Issued
SecurityTokenIssued
131700000 phuntoken
CY2022Q2 phun Security Token Authorized
SecurityTokenAuthorized
10000000000 phuntoken
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3173000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2075000 usd
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
0 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
207000 usd
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
113000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
138000 usd
CY2022Q2 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
242000 usd
CY2021Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
216000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
3528000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
2636000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
103000 usd
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1121000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
258000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1741000 usd
CY2022Q2 phun Amortization Of Warrant Costs
AmortizationOfWarrantCosts
0 usd
CY2021Q2 phun Amortization Of Warrant Costs
AmortizationOfWarrantCosts
0 usd
phun Amortization Of Warrant Costs
AmortizationOfWarrantCosts
0 usd
phun Amortization Of Warrant Costs
AmortizationOfWarrantCosts
1029000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
273000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
1845000 usd
us-gaap Interest Expense
InterestExpense
654000 usd
us-gaap Interest Expense
InterestExpense
4064000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
236000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
440000 usd
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
209000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
421000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
404000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
963000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
959000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
569000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
370000 usd
CY2022Q2 phun Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
284000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3549000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
691000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2858000 usd
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.68
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
5481 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022Q2 us-gaap Common Stock Shares Issued
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CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
96751610 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
96751610 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y2M15D
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
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CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
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5636801 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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phun Number Of Aggregate Intrinsic Value Of Options Exercised
NumberOfAggregateIntrinsicValueOfOptionsExercised
374000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
50000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.08
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
12500 shares
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
374000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
925467 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.80
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M2D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1692000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
22757 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.80
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y2M15D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
374000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
895638 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.79
phun Fair Value Of Options Vested
FairValueOfOptionsVested
16000 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
706000 usd
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1383000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1270000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2438000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5485000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17071000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12263000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-31988000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
33142000 usd
CY2022Q2 us-gaap Assets
Assets
61236000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
33260000 usd
CY2021Q4 us-gaap Assets
Assets
99294000 usd

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ex-311xcertificationxq22022.htm Edgar Link pending
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