2023 Q2 Form 10-Q Financial Statement
#000162828023017868 Filed on May 12, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $3.487M | $4.747M | $6.778M |
YoY Change | -36.43% | -29.96% | 311.79% |
Cost Of Revenue | $3.031M | $4.386M | $5.007M |
YoY Change | -23.56% | -12.4% | 623.55% |
Gross Profit | $456.0K | $361.0K | $1.771M |
YoY Change | -70.0% | -79.62% | 85.64% |
Gross Profit Margin | 13.08% | 7.6% | 26.13% |
Selling, General & Admin | $6.238M | $5.840M | $5.790M |
YoY Change | -13.11% | 0.86% | 74.71% |
% of Gross Profit | 1367.98% | 1617.73% | 326.93% |
Research & Development | $1.212M | $1.772M | $1.003M |
YoY Change | -35.39% | 76.67% | -4.66% |
% of Gross Profit | 265.79% | 490.86% | 56.63% |
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $8.653M | $7.612M | $6.793M |
YoY Change | -4.44% | 12.06% | 55.59% |
Operating Profit | -$8.197M | -$7.251M | -$5.022M |
YoY Change | 8.79% | 44.38% | 47.19% |
Interest Expense | $553.0K | $537.0K | $381.0K |
YoY Change | 102.56% | 40.94% | -82.83% |
% of Operating Profit | |||
Other Income/Expense, Net | $1.673M | $2.982M | -$9.895M |
YoY Change | -117.54% | -130.14% | -9.18% |
Pretax Income | -$6.524M | -$4.269M | -$14.92M |
YoY Change | -61.78% | -71.38% | 4.26% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$6.524M | -$4.269M | -$14.92M |
YoY Change | -61.78% | -71.38% | 4.26% |
Net Earnings / Revenue | -187.09% | -89.93% | -220.08% |
Basic Earnings Per Share | -$0.06 | -$0.04 | -$0.15 |
Diluted Earnings Per Share | -$0.06 | -$0.04 | -$0.15 |
COMMON SHARES | |||
Basic Shares Outstanding | 104.7M shares | 104.0M shares | 96.84M shares |
Diluted Shares Outstanding | 105.1M shares | 103.2M shares | 96.84M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.105M | $694.0K | $10.82M |
YoY Change | -59.15% | -93.58% | -53.92% |
Cash & Equivalents | $1.105M | $694.0K | $10.82M |
Short-Term Investments | |||
Other Short-Term Assets | $695.0K | $3.337M | $25.54M |
YoY Change | -94.96% | -86.93% | 1251.22% |
Inventory | $2.168M | $2.671M | $4.699M |
Prepaid Expenses | |||
Receivables | $863.0K | $1.200M | $1.219M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $4.831M | $7.902M | $42.27M |
YoY Change | -76.79% | -81.31% | 60.74% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $188.0K | $206.0K | $77.00K |
YoY Change | 29.66% | 167.53% | 541.67% |
Goodwill | $29.96M | $31.14M | $33.23M |
YoY Change | -9.61% | -6.29% | 28.24% |
Intangibles | $2.190M | $2.357M | $3.030M |
YoY Change | -23.37% | -22.21% | 3735.44% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $367.0K | $367.0K | $1.632M |
YoY Change | -78.15% | -77.51% | 81.33% |
Total Long-Term Assets | $35.96M | $37.56M | $39.15M |
YoY Change | -11.04% | -4.08% | 36.76% |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.831M | $7.902M | $42.27M |
Total Long-Term Assets | $35.96M | $37.56M | $39.15M |
Total Assets | $40.79M | $45.46M | $81.42M |
YoY Change | -33.39% | -44.17% | 48.24% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $8.350M | $7.765M | $6.809M |
YoY Change | 11.19% | 14.04% | -12.49% |
Accrued Expenses | $1.542M | $2.506M | $7.114M |
YoY Change | -77.82% | -64.77% | 123.01% |
Deferred Revenue | $1.092M | $1.512M | $3.263M |
YoY Change | -36.33% | -53.66% | 49.68% |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $6.094M | $5.687M | $3.493M |
YoY Change | 200.05% | 62.81% | -65.11% |
Total Short-Term Liabilities | $19.25M | $19.64M | $26.12M |
YoY Change | -9.04% | -24.84% | -14.05% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $3.634M | $3.920M | $2.031M |
YoY Change | 17.11% | 93.01% | -41.97% |
Total Long-Term Liabilities | $3.634M | $3.920M | $2.031M |
YoY Change | 17.11% | 93.01% | -45.71% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $19.25M | $19.64M | $26.12M |
Total Long-Term Liabilities | $3.634M | $3.920M | $2.031M |
Total Liabilities | $22.88M | $23.56M | $29.43M |
YoY Change | -10.42% | -19.97% | -23.29% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$261.0M | -$254.5M | -$214.2M |
YoY Change | 12.84% | 18.79% | 33.81% |
Common Stock | $11.00K | $10.00K | $10.00K |
YoY Change | 10.0% | 0.0% | 42.86% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $17.91M | $21.90M | $51.99M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $40.79M | $45.46M | $81.42M |
YoY Change | -33.39% | -44.17% | 48.24% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$6.524M | -$4.269M | -$14.92M |
YoY Change | -61.78% | -71.38% | 4.26% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$5.178M | -$7.382M | -$10.17M |
YoY Change | 7.47% | -27.42% | 39.35% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $3.000K | $6.000K | -$80.00K |
YoY Change | -103.85% | -107.5% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $4.600M | $10.79M | -$489.0K |
YoY Change | -395.06% | -2306.54% | -55.55% |
Cash From Investing Activities | $4.597M | $10.78M | -$569.0K |
YoY Change | -380.82% | -1995.25% | -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 | 968.0K | -$4.687M | -$1.550M |
YoY Change | -161.81% | 202.39% | -105.55% |
NET CHANGE | |||
Cash From Operating Activities | -5.178M | -$7.382M | -$10.17M |
Cash From Investing Activities | 4.597M | $10.78M | -$569.0K |
Cash From Financing Activities | 968.0K | -$4.687M | -$1.550M |
Net Change In Cash | 387.0K | -$1.261M | -$12.32M |
YoY Change | -104.82% | -89.77% | -163.1% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.178M | -$7.382M | -$10.17M |
Capital Expenditures | $3.000K | $6.000K | -$80.00K |
Free Cash Flow | -$5.181M | -$7.388M | -$10.09M |
YoY Change | 9.3% | -26.79% |
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2982000 | usd |
CY2022Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-9895000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-4269000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-14917000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4269000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14917000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
23000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-32000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-4246000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-14949000 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.15 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
103169000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
103169000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
96844000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
96844000 | shares |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24881000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
58000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
347000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1336000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
23000 | usd |
CY2023Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
475000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4269000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21901000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
65277000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
16000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
1125000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
521000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-32000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14917000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
51990000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4269000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14917000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
289000 | usd |
CY2022Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
155000 | usd |
CY2023Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-253000 | usd |
CY2022Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
213000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
|
3214000 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
|
26000 | usd |
CY2023Q1 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
50000 | usd |
CY2022Q1 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
9353000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1362000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
564000 | usd |
CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-357000 | usd |
CY2022Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
71000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
245000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
248000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-241000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2063000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-261000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
687000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
67000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
219000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-89000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1489000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-345000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-173000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-1594000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-1001000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7382000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10171000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
10790000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
0 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
0 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
489000 | usd |
CY2023Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
6000 | usd |
CY2022Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
80000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
10784000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-569000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
4270000 | usd |
CY2022Q1 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
1566000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
58000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
16000 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
475000 | usd |
CY2022Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4687000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1550000 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
24000 | usd |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-32000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1261000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-12322000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1955000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
23137000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
694000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10815000 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
434000 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
204000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2023Q1 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
0 | usd |
CY2022Q1 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
1125000 | usd |
CY2023Q1 | us-gaap |
Stock Issued1
StockIssued1
|
347000 | usd |
CY2022Q1 | us-gaap |
Stock Issued1
StockIssued1
|
0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4269000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7382000 | usd |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
Use of EstimatesThe preparation of financial statements in conformity with U.S. GAAP requires us to make certain estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates and such differences could be material. | |
CY2023Q1 | 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%">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><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 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 (prior to impairment) of our digital asset holdings was $8,817 and $37,737 at March 31, 2023 and December 31, 2022, respectively. </span></div>Collateral is not required for accounts receivable and we believe the carrying value approximates fair value. | |
CY2023Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
2681000 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
2968000 | usd |
CY2023Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
82000 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
0 | usd |
CY2023Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
38000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
50000 | usd |
CY2023Q1 | us-gaap |
Other Inventory
OtherInventory
|
6000 | usd |
CY2022Q4 | us-gaap |
Other Inventory
OtherInventory
|
30000 | usd |
CY2023Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
136000 | usd |
CY2022Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
268000 | usd |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
2671000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
2780000 | usd |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
12979817 | shares |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
10014132 | shares |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4747000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6778000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
1512000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2904000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
1072000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
1274000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
2584000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
4178000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
2133000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
5696000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.42 | |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P12M | |
CY2022Q1 | phun |
Number Of Security Token Sold
NumberOfSecurityTokenSold
|
115800000 | phuntoken |
CY2022Q1 | phun |
Proceeds From Sale Of Security Token
ProceedsFromSaleOfSecurityToken
|
973000 | usd |
CY2022Q4 | phun |
Security Token Issued
SecurityTokenIssued
|
377200000 | phuntoken |
CY2023Q1 | phun |
Security Token Issued
SecurityTokenIssued
|
377200000 | phuntoken |
CY2023Q1 | phun |
Security Token Authorized
SecurityTokenAuthorized
|
10000000000 | phuntoken |
CY2023Q1 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill Fair Value Disclosure
IndefiniteLivedIntangibleAssetsExcludingGoodwillFairValueDisclosure
|
4708000 | usd |
CY2023Q1 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
50000 | usd |
CY2022Q1 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
9353000 | usd |
CY2023Q1 | phun |
Indefinite Lived Intangible Assets Excluding Goodwill Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillGross
|
8817000 | usd |
CY2023Q1 | phun |
Indefinite Lived Intangible Assets Accumulated Impairment
IndefiniteLivedIntangibleAssetsAccumulatedImpairment
|
6287000 | usd |
CY2023Q1 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
2530000 | usd |
CY2022Q4 | phun |
Indefinite Lived Intangible Assets Excluding Goodwill Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillGross
|
37737000 | usd |
CY2022Q4 | phun |
Indefinite Lived Intangible Assets Accumulated Impairment
IndefiniteLivedIntangibleAssetsAccumulatedImpairment
|
27600000 | usd |
CY2022Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
10137000 | usd |
CY2022Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
10137000 | usd |
CY2023Q1 | phun |
Indefinite Lived Intangible Assets Received From Customers Net Of Expenses
IndefiniteLivedIntangibleAssetsReceivedFromCustomersNetOfExpenses
|
19000 | usd |
CY2023Q1 | phun |
Indefinite Lived Intangible Assets Exchanged
IndefiniteLivedIntangibleAssetsExchanged
|
0 | usd |
CY2023Q1 | us-gaap |
Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
|
10790000 | usd |
CY2023Q1 | phun |
Indefinite Lived Intangible Assets Gain Loss From Sale
IndefiniteLivedIntangibleAssetsGainLossFromSale
|
3214000 | usd |
CY2023Q1 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
50000 | usd |
CY2023Q1 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
2530000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
537000 | usd |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
381000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
325000 | usd |
CY2022Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
204000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y9M18D | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
951000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1305000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
929000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
744000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
508000 | usd |
CY2023Q1 | phun |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
0 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
4437000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
628000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3809000 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
104007810 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
103153337 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
103153337 | shares |
CY2023Q1 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
5000000 | shares |
CY2023Q1 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
461500 | shares |
CY2023Q1 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
475000 | usd |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
6632561 | shares |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
6632561 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1362000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
564000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
16000 | usd |
CY2023Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4747000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6778000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-4269000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-14917000 | usd |
CY2023Q1 | us-gaap |
Goodwill
Goodwill
|
31136000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
31113000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
45457000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
54835000 | usd |