2021 Q4 Form 10-K Financial Statement

#000117184322002192 Filed on March 30, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $6.436M $24.91M $5.335M
YoY Change 20.64% 16.62% -38.78%
Cost Of Revenue $4.251M $14.65M $4.060M
YoY Change 4.7% -11.1% -22.37%
Gross Profit $2.185M $10.26M $1.277M
YoY Change 71.1% 110.07% -63.36%
Gross Profit Margin 33.95% 41.21% 23.94%
Selling, General & Admin $2.837M $8.925M $2.090M
YoY Change 35.74% -7.72% -44.12%
% of Gross Profit 129.84% 86.95% 163.66%
Research & Development $313.0K $1.130M $300.0K
YoY Change 4.33% -11.72% -14.29%
% of Gross Profit 14.32% 11.01% 23.49%
Depreciation & Amortization $650.0K $2.784M $690.0K
YoY Change -5.8% 3.49% 0.0%
% of Gross Profit 29.75% 27.12% 54.03%
Operating Expenses $3.150M $10.06M $2.380M
YoY Change 32.35% -8.19% -41.81%
Operating Profit -$965.0K $209.0K -$1.109M
YoY Change -12.98% -103.45% 83.0%
Interest Expense -$17.00K $49.00K -$10.00K
YoY Change 70.0% -34.67%
% of Operating Profit 23.44%
Other Income/Expense, Net -$1.030M
YoY Change 635.71%
Pretax Income -$2.057M -$821.0K -$1.120M
YoY Change 83.66% -86.77% 86.67%
Income Tax -$436.0K -$156.0K -$580.0K
% Of Pretax Income
Net Earnings -$1.621M -$665.0K -$543.0K
YoY Change 198.53% -82.77% 2.45%
Net Earnings / Revenue -25.19% -2.67% -10.18%
Basic Earnings Per Share -$0.12 -$0.10
Diluted Earnings Per Share -$291.0K -$0.12 -$0.10
COMMON SHARES
Basic Shares Outstanding 5.542M 5.549M 5.526M
Diluted Shares Outstanding 5.549M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.992M $1.992M $2.830M
YoY Change -29.61% -29.61% -61.13%
Cash & Equivalents $1.992M $1.992M $2.833M
Short-Term Investments
Other Short-Term Assets $1.499M $1.499M $910.0K
YoY Change 64.73% 64.73% -49.16%
Inventory
Prepaid Expenses
Receivables $4.116M $4.116M $3.356M
Other Receivables $2.678M $2.678M $2.490M
Total Short-Term Assets $10.29M $10.29M $9.598M
YoY Change 7.16% 7.14% -25.31%
LONG-TERM ASSETS
Property, Plant & Equipment $6.691M $10.24M $9.231M
YoY Change -27.52% -24.24% -15.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $864.0K $324.0K $888.0K
YoY Change -2.7% 70.53% -5.83%
Total Long-Term Assets $11.27M $11.27M $14.41M
YoY Change -21.78% -21.76% -1.87%
TOTAL ASSETS
Total Short-Term Assets $10.29M $10.29M $9.598M
Total Long-Term Assets $11.27M $11.27M $14.41M
Total Assets $21.55M $21.55M $24.00M
YoY Change -10.21% -10.2% -12.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $994.0K $994.0K $577.0K
YoY Change 72.27% 71.38% -6.48%
Accrued Expenses $3.188M $3.972M $1.801M
YoY Change 77.01% 48.76% -49.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $664.0K $664.0K $688.0K
YoY Change -3.49% -3.77% 1.47%
Total Short-Term Liabilities $5.830M $5.830M $3.941M
YoY Change 47.93% 47.97% -32.46%
LONG-TERM LIABILITIES
Long-Term Debt $599.0K $599.0K $3.444M
YoY Change -82.61% -82.59% 76.52%
Other Long-Term Liabilities $2.880M $2.880M $3.900M
YoY Change -26.15% -26.15% 63.87%
Total Long-Term Liabilities $599.0K $3.479M $3.444M
YoY Change -82.61% -52.6% 76.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.830M $5.830M $3.941M
Total Long-Term Liabilities $599.0K $3.479M $3.444M
Total Liabilities $9.309M $9.309M $11.49M
YoY Change -18.99% -18.98% 7.28%
SHAREHOLDERS EQUITY
Retained Earnings -$9.550M -$8.606M
YoY Change 10.97% 129.25%
Common Stock $33.51M $32.83M
YoY Change 2.06% 1.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.08M $10.08M
YoY Change 0.0% 0.0%
Treasury Stock Shares $668.0K $668.0K
Shareholders Equity $12.24M $12.24M $12.51M
YoY Change
Total Liabilities & Shareholders Equity $21.55M $21.55M $24.00M
YoY Change -10.21% -10.2% -12.81%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$1.621M -$665.0K -$543.0K
YoY Change 198.53% -82.77% 2.45%
Depreciation, Depletion And Amortization $650.0K $2.784M $690.0K
YoY Change -5.8% 3.49% 0.0%
Cash From Operating Activities $565.0K $414.0K $1.140M
YoY Change -50.44% -110.14% 20.0%
INVESTING ACTIVITIES
Capital Expenditures -$30.00K $182.0K $70.00K
YoY Change -142.86% -81.63% -112.5%
Acquisitions
YoY Change
Other Investing Activities $4.000K -$38.00K -$20.00K
YoY Change -120.0% -129.23% 100.0%
Cash From Investing Activities -$26.00K -$220.0K $50.00K
YoY Change -152.0% -74.36% -108.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$68.00K
YoY Change 655.56%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -515.0K -$1.035M -170.0K
YoY Change 202.94% -306.59% -153.13%
NET CHANGE
Cash From Operating Activities 565.0K $414.0K 1.140M
Cash From Investing Activities -26.00K -$220.0K 50.00K
Cash From Financing Activities -515.0K -$1.035M -170.0K
Net Change In Cash 24.00K -$841.0K 1.020M
YoY Change -97.65% -81.1% 43.66%
FREE CASH FLOW
Cash From Operating Activities $565.0K $414.0K $1.140M
Capital Expenditures -$30.00K $182.0K $70.00K
Free Cash Flow $595.0K $232.0K $1.070M
YoY Change -44.39% -104.57% -29.14%

Facts In Submission

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CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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160000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
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211000 USD
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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1000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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29000
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
457000 USD
CY2021 us-gaap Interest Income Other
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0 USD
CY2021 us-gaap Number Of Operating Segments
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1 pure
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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1992000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
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914000 USD
CY2021Q4 us-gaap Income Taxes Receivable
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2678000 USD
CY2020Q4 us-gaap Income Taxes Receivable
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2495000 USD
CY2021Q4 us-gaap Assets Current
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CY2020Q4 us-gaap Assets Current
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9598000 USD
CY2021Q4 us-gaap Capitalized Computer Software Gross
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4521000 USD
CY2020Q4 us-gaap Capitalized Computer Software Gross
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4422000 USD
CY2021Q4 us-gaap Furniture And Fixtures Gross
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2195000 USD
CY2020Q4 us-gaap Furniture And Fixtures Gross
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2139000 USD
CY2021Q4 pmd Laboratory Equipment
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16005000 USD
CY2020Q4 pmd Laboratory Equipment
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15978000 USD
CY2021Q4 us-gaap Leasehold Improvements Gross
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3629000 USD
CY2020Q4 us-gaap Leasehold Improvements Gross
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3629000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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26350000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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26168000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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6691000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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9231000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
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864000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
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888000 USD
CY2021Q4 us-gaap Deferred Income Tax Assets Net
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160000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
0 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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3552000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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4286000 USD
CY2021Q4 us-gaap Assets
Assets
21552000 USD
CY2020Q4 us-gaap Assets
Assets
24003000 USD
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994000 USD
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
577000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
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3188000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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1801000 USD
CY2021Q4 us-gaap Long Term Debt Current
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664000 USD
CY2020Q4 us-gaap Long Term Debt Current
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688000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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984000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
875000 USD
CY2021Q4 us-gaap Liabilities Current
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5830000 USD
CY2020Q4 us-gaap Liabilities Current
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3941000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
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599000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
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3444000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
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0 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
211000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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2880000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3895000 USD
CY2021Q4 us-gaap Liabilities
Liabilities
9309000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
11491000 USD
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
31000 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
31000 USD
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
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33478000 USD
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
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32803000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
12243000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
12512000 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
21552000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
24003000 USD
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
24909000 USD
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
21360000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
37678000 USD
CY2021 us-gaap Cost Of Goods And Services Sold
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14645000 USD
CY2020 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
16474000 USD
CY2019 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
21234000 USD
CY2021 us-gaap Gross Profit
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10264000 USD
CY2020 us-gaap Gross Profit
GrossProfit
4886000 USD
CY2019 us-gaap Gross Profit
GrossProfit
16444000 USD
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6126000 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6095000 USD
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7221000 USD
CY2021 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2799000 USD
CY2020 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3577000 USD
CY2019 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4658000 USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1130000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1280000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1567000 USD
CY2021 us-gaap Operating Expenses
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10055000 USD
CY2020 us-gaap Operating Expenses
OperatingExpenses
10952000 USD
CY2019 us-gaap Operating Expenses
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13446000 USD
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
2181000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-665000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-3859000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
1542000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-665000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3869000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1317000 USD
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.70
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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5549000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5524000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5514000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5549000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5524000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5525000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
18747000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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759000 USD
CY2019 us-gaap Net Income Loss
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1542000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
16820000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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563000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
12512000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
4000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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743000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
12243000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-665000 USD
CY2021 pmd Depreciation And Amortization Excluding Rou Asset Amortization
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2784000 USD
CY2020 pmd Depreciation And Amortization Excluding Rou Asset Amortization
DepreciationAndAmortizationExcludingRouAssetAmortization
2691000 USD
CY2019 pmd Depreciation And Amortization Excluding Rou Asset Amortization
DepreciationAndAmortizationExcludingRouAssetAmortization
2914000 USD
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
906000 USD
CY2020 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
935000 USD
CY2019 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
0 USD
CY2020 us-gaap Gain Loss On Disposition Of Assets
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-94000 USD
CY2019 us-gaap Gain Loss On Disposition Of Assets
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-0 USD
CY2021 us-gaap Other Noncash Income Expense
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-0 USD
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-0 USD
CY2019 us-gaap Other Noncash Income Expense
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-33000 USD
CY2021 us-gaap Share Based Compensation
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743000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
563000 USD
CY2019 us-gaap Share Based Compensation
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759000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
140000 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
3810000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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2833000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7283000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4069000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1992000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2833000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7283000 USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
405000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
249000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
2898000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
50000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
75000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
59000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1151000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1038000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
1199000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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172000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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2346000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4363000 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
241000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
1882000 USD
CY2021 pmd Income Tax Benefit Cares Act
IncomeTaxBenefitCARESAct
2600000 USD
CY2020 pmd Income Tax Benefit Cares Act
IncomeTaxBenefitCARESAct
200000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2000000.0 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -18pt; text-align: justify;"/> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-align: justify;"><b><i>Estimates</i></b></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -18pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-indent: 15pt; text-align: justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates, including those related to bad debts, long-lived asset lives, income tax valuation and share based compensation, and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Changes in estimates are recorded in the period in which they become known.</p>
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 USD
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2700000 USD
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2600000 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2900000 USD
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
24909000 USD
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
21360000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
37678000 USD
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5524000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5525000
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -18pt; text-align: justify;"/> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-align: justify;"><b><i>Concentration of Credit Risk and Off-Balance Sheet Risk</i></b></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -18pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-indent: 15pt; text-align: justify;">The Company has <em style="font: inherit;">no</em> significant off-balance-sheet risk such as foreign exchange contracts, option contracts, or other foreign hedging arrangements. Financial instruments that potentially subject the Company to concentrations of credit risk are principally cash and accounts receivable. The Company’s policy is to place its cash in high quality financial institutions. At time, these deposits <em style="font: inherit;"> may </em>exceed or be exempt from federally insured limits. The Company does <em style="font: inherit;">not</em> believe significant credit risk exists with respect to these institutions. Concentration of credit risk with respect to accounts receivable is limited to certain customers to whom the Company makes substantial sales. To reduce risk, the Company routinely assesses the financial strength of its customers and, as a consequence, believes that its accounts receivable credit risk exposure is limited. The Company maintains an allowance for potential credit losses but historically has <em style="font: inherit;">not</em> experienced any significant losses related to individual customers or groups of customers in any particular industry or geographic area. The Company does <em style="font: inherit;">not</em> require collateral.</p>
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
743000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
563000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
759000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5549000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5524000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5514000
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
11000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5549000
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
545000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
588000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
357000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
37000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
45000 USD
CY2021 pmd Provision For Recoveries Of Doubtful Accounts
ProvisionForRecoveriesOfDoubtfulAccounts
55000 USD
CY2020 pmd Provision For Recoveries Of Doubtful Accounts
ProvisionForRecoveriesOfDoubtfulAccounts
22000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
89000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
37000 USD
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
507000 USD
CY2020Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
315000 USD
CY2021Q4 us-gaap Accrued Vacation Current
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373000 USD
CY2020Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
379000 USD
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
200000 USD
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
4000 USD
CY2021Q4 pmd Accrued Shipping Current
AccruedShippingCurrent
488000 USD
CY2020Q4 pmd Accrued Shipping Current
AccruedShippingCurrent
511000 USD
CY2021Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
1150000 USD
CY2020Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
0 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
470000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
592000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3188000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1801000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.104 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.044 pure
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.045 pure
CY2021 pmd Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
0.476 pure
CY2020 pmd Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
0.000 pure
CY2019 pmd Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
-0.081 pure
CY2021 pmd Effective Income Tax Rate Reconciliation Nondeductible Expense Benefit Sharebased Compensation Cost Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseBenefitSharebasedCompensationCostPercent
0.014 pure
CY2020 pmd Effective Income Tax Rate Reconciliation Nondeductible Expense Benefit Sharebased Compensation Cost Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseBenefitSharebasedCompensationCostPercent
-0.004 pure
CY2019 pmd Effective Income Tax Rate Reconciliation Nondeductible Expense Benefit Sharebased Compensation Cost Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseBenefitSharebasedCompensationCostPercent
0.013 pure
CY2021 pmd Effective Income Tax Rate Reconciliation Tax Credit Expense Research Percent
EffectiveIncomeTaxRateReconciliationTaxCreditExpenseResearchPercent
-0.000 pure
CY2020 pmd Effective Income Tax Rate Reconciliation Tax Credit Expense Research Percent
EffectiveIncomeTaxRateReconciliationTaxCreditExpenseResearchPercent
-0.016 pure
CY2019 pmd Effective Income Tax Rate Reconciliation Tax Credit Expense Research Percent
EffectiveIncomeTaxRateReconciliationTaxCreditExpenseResearchPercent
0.047 pure
CY2021 pmd Income Tax Reconciliation Foreign Income Tax Witholdings
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