$POAI
Predictive Oncology Inc.

2019 Q4 Form 10-Q Financial Statement

#000117184319007595 Filed on November 15, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $350.0K $522.7K $329.9K
YoY Change 12.9% 58.43% 116.3%
Cost Of Revenue $130.0K $208.1K $83.01K
YoY Change 18.18% 150.7% 189.16%
Gross Profit $220.0K $314.6K $246.9K
YoY Change 4.76% 27.41% 99.41%
Gross Profit Margin 62.86% 60.19% 74.84%
Selling, General & Admin $2.590M $3.052M $1.384M
YoY Change 1.17% 120.51% 49.89%
% of Gross Profit 1177.27% 970.1% 560.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $220.0K $130.8K $26.12K
YoY Change 450.0% 400.95% 79.38%
% of Gross Profit 100.0% 41.59% 10.58%
Operating Expenses $3.110M $3.052M $1.384M
YoY Change 2.64% 120.51% 39.4%
Operating Profit -$2.890M -$3.445M -$1.861M
YoY Change 2.48% 85.09% 114.15%
Interest Expense $0.00 $0.00 -$650.0K
YoY Change -100.0% -100.0%
% of Operating Profit
Other Income/Expense, Net -$1.790M -$560.0K
YoY Change -2657.14%
Pretax Income -$13.55M -$4.010M -$2.510M
YoY Change 292.75% 59.76% 153.54%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$13.55M -$4.009M -$2.507M
YoY Change 292.75% 59.9% 153.22%
Net Earnings / Revenue -3871.43% -766.89% -759.82%
Basic Earnings Per Share
Diluted Earnings Per Share -$3.623M -$1.273M -$1.887M
COMMON SHARES
Basic Shares Outstanding 3.888M 3.147M 1.325M
Diluted Shares Outstanding 3.147M 1.325M

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $150.0K $100.0K $210.0K
YoY Change -6.25% -52.38% -89.45%
Cash & Equivalents $150.8K $98.60K $209.9K
Short-Term Investments
Other Short-Term Assets $160.0K $130.0K $400.0K
YoY Change -50.0% -67.5% 100.0%
Inventory $190.2K $210.4K $278.2K
Prepaid Expenses
Receivables $297.1K $372.1K $238.6K
Other Receivables $0.00 $250.0K $1.980M
Total Short-Term Assets $798.3K $1.063M $3.110M
YoY Change -45.01% -65.83% -5.85%
LONG-TERM ASSETS
Property, Plant & Equipment $1.508M $1.634M $198.3K
YoY Change 735.56% 724.05% 98.29%
Goodwill $15.69M $23.79M
YoY Change
Intangibles $3.649M $4.508M $973.1K
YoY Change 278.38% 363.29% 908.41%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $21.58M $30.82M $2.306M
YoY Change 855.81% 1236.39% 1073.72%
TOTAL ASSETS
Total Short-Term Assets $798.3K $1.063M $3.110M
Total Long-Term Assets $21.58M $30.82M $2.306M
Total Assets $22.38M $31.88M $5.416M
YoY Change 503.28% 488.69% 54.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.156M $3.762M $409.1K
YoY Change 608.04% 819.7% 448.08%
Accrued Expenses $2.372M $1.807M $315.0K
YoY Change 85.41% 473.64% -72.18%
Deferred Revenue $40.38K $30.64K $15.31K
YoY Change 75.09% 100.17%
Short-Term Debt $4.796M $4.470M $1.000M
YoY Change 193.34% 347.0%
Long-Term Debt Due $6.214M
YoY Change
Total Short-Term Liabilities $10.87M $10.78M $2.390M
YoY Change 197.47% 351.14% 96.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $390.0K
YoY Change
Total Long-Term Liabilities $0.00 $390.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $10.87M $10.78M $2.390M
Total Long-Term Liabilities $0.00 $390.0K $0.00
Total Liabilities $11.14M $11.17M $2.389M
YoY Change 204.86% 367.46% 96.24%
SHAREHOLDERS EQUITY
Retained Earnings -$82.50M -$68.94M -$61.41M
YoY Change 30.73% 12.28% 18.32%
Common Stock $40.57K $31.50K $134.0K
YoY Change 187.87% -76.49% 114.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.23M $20.71M $3.027M
YoY Change
Total Liabilities & Shareholders Equity $22.38M $31.88M $5.416M
YoY Change 503.28% 488.69% 54.76%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$13.55M -$4.009M -$2.507M
YoY Change 292.75% 59.9% 153.22%
Depreciation, Depletion And Amortization $220.0K $130.8K $26.12K
YoY Change 450.0% 400.95% 79.38%
Cash From Operating Activities -$2.790M -$1.890M -$960.0K
YoY Change 128.69% 96.87% -10.28%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$10.00K -$60.00K
YoY Change 0.0% -83.33% 500.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$80.00K
YoY Change -100.0% -100.0% -111.76%
Cash From Investing Activities -$10.00K -$10.00K -$140.0K
YoY Change -99.01% -92.86% -120.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.850M 1.940M 310.0K
YoY Change 30.73% 525.81%
NET CHANGE
Cash From Operating Activities -2.790M -1.890M -960.0K
Cash From Investing Activities -10.00K -10.00K -140.0K
Cash From Financing Activities 2.850M 1.940M 310.0K
Net Change In Cash 50.00K 40.00K -790.0K
YoY Change -200.0% -105.06% 97.5%
FREE CASH FLOW
Cash From Operating Activities -$2.790M -$1.890M -$960.0K
Capital Expenditures -$10.00K -$10.00K -$60.00K
Free Cash Flow -$2.780M -$1.880M -$900.0K
YoY Change 129.75% 108.89% -15.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Document Period End Date
DocumentPeriodEndDate
2019-09-30
dei Document Type
DocumentType
10-Q
CY2019Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3887956
dei Security12b Title
Security12bTitle
Common Stock, $0.01 par value
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Central Index Key
EntityCentralIndexKey
0001446159
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Predictive Oncology Inc.
dei Entity Shell Company
EntityShellCompany
false
dei Entity Small Business
EntitySmallBusiness
true
dei Trading Symbol
TradingSymbol
poai
poai Consideration For Extinguishment Of Debt
ConsiderationForExtinguishmentOfDebt
26711791
poai Consideration For Extinguishment Of Debt
ConsiderationForExtinguishmentOfDebt
1542250
poai Gain Loss On Revaluation Of Equity Method Investment
GainLossOnRevaluationOfEquityMethodInvestment
6164260
poai Stock Issued During Period Value Convertible Preferred Shares Issued
StockIssuedDuringPeriodValueConvertiblePreferredSharesIssued
2338840
poai Stock Issued During Period Value Extinguishment Of Debt
StockIssuedDuringPeriodValueExtinguishmentOfDebt
6463309
poai Stock Issued During Period Value Forebearance For Bridge Loan
StockIssuedDuringPeriodValueForebearanceForBridgeLoan
158349
CY2019Q3 poai Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
184
poai Derivative Liabilities Increase Due To Issuance Of Warrants
DerivativeLiabilitiesIncreaseDueToIssuanceOfWarrants
69722
poai Equity Instruments Issued For Management And Consulting
EquityInstrumentsIssuedForManagementAndConsulting
poai Equity Instruments Issued For Management And Consulting
EquityInstrumentsIssuedForManagementAndConsulting
295000
poai Forebearanace Settlement On Bridge Loan
ForebearanaceSettlementOnBridgeLoan
503009
poai Forebearanace Settlement On Bridge Loan
ForebearanaceSettlementOnBridgeLoan
poai Gain Loss On Revaluation Of Equity Method Investment
GainLossOnRevaluationOfEquityMethodInvestment
CY2019Q3 poai Gain Loss On Revaluation Of Equity Method Investment
GainLossOnRevaluationOfEquityMethodInvestment
CY2018Q3 poai Gain Loss On Revaluation Of Equity Method Investment
GainLossOnRevaluationOfEquityMethodInvestment
poai Gain Losses On Debt Revaluation
GainLossesOnDebtRevaluation
1222244
poai Gain Losses On Debt Revaluation
GainLossesOnDebtRevaluation
CY2019Q3 poai Gain Losses On Debt Revaluation
GainLossesOnDebtRevaluation
CY2018Q3 poai Gain Losses On Debt Revaluation
GainLossesOnDebtRevaluation
poai Maintenance Plan Service Requirement Period Subsequent To One Year Anniversary Of Invoice
MaintenancePlanServiceRequirementPeriodSubsequentToOneYearAnniversaryOfInvoice
P1Y
poai Proceeds From Redemption Of Certificates Of Deposits
ProceedsFromRedemptionOfCertificatesOfDeposits
poai Proceeds From Redemption Of Certificates Of Deposits
ProceedsFromRedemptionOfCertificatesOfDeposits
244971
CY2019Q3 poai Stock Issued During Period Value Convertible Preferred Shares Issued
StockIssuedDuringPeriodValueConvertiblePreferredSharesIssued
1595280
poai Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
5970
poai Warrants Issued
WarrantsIssued
47078
poai Warrants Issued
WarrantsIssued
poai Warrants Issued Debt Issuance
WarrantsIssuedDebtIssuance
180640
poai Warrants Issued Debt Issuance
WarrantsIssuedDebtIssuance
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
3762468
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
445689
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
372119
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
232602
CY2019Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1807188
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1279114
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
642036
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
358765
CY2019Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
89590908
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
63146533
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
206605
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
339954
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
360146
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
800322
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2004366
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
143707
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
143707
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
360146
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2004366
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
339954
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
800322
CY2019Q3 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
787524
CY2018Q4 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
0
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1621181
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
93421
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
199481
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
38387
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
46127
CY2019Q3 us-gaap Assets
Assets
31881811
CY2018Q4 us-gaap Assets
Assets
3708999
CY2019Q3 us-gaap Assets Current
AssetsCurrent
1062626
CY2018Q4 us-gaap Assets Current
AssetsCurrent
1451527
CY2019Q3 us-gaap Assets Net
AssetsNet
20713663
CY2018Q4 us-gaap Assets Net
AssetsNet
53472
CY2019Q3 us-gaap Bridge Loan
BridgeLoan
4470380
CY2018Q4 us-gaap Bridge Loan
BridgeLoan
1634914
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
7249123
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1110148
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
248102
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
98599
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
162152
CY2019Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
499215
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
162152
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
766189
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
98599
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
209891
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-63553
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-556298
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2019Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3149751
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1409175
CY2019Q3 us-gaap Common Stock Value
CommonStockValue
31497
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
14092
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; margin: 0pt 0"><div style="display: inline; font-weight: bold;">Credit Risk </div></div> <div style=" font-size: 10pt; margin: 0pt 0">&nbsp;</div> <div style=" font-size: 10pt; margin: 0pt 0">Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high credit quality financial institutions and, by policy, generally limits the amount of credit exposure to any <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> financial institution. The Company has <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> credit risk concentration for cash amounts held in a single institution that are in excess of amounts issued by the Federal Deposit Insurance Corporation.</div></div></div>
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
30638
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
23065
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
6479
CY2019Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
208096
CY2018Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
83006
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
400202
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
309320
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
338573
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
1032814
CY2019Q3 us-gaap Depreciation
Depreciation
130848
us-gaap Depreciation
Depreciation
284150
CY2018Q3 us-gaap Depreciation
Depreciation
26120
us-gaap Depreciation
Depreciation
59442
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
483631
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
105569
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
47078
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
272745
CY2019Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
210762
CY2019Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
210762
CY2018Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
272745
us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
84627
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.31
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.89
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.32
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-5.45
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
310403
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-84627
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
430789
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
231309
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2810904
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
90985
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
215609
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
265053
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
363941
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
363941
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4939222
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1195804
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4110433
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
964495
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-293
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-204750
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2616991
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
762603
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7425305
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2708274
CY2019Q3 us-gaap Goodwill
Goodwill
23790290
CY2018Q4 us-gaap Goodwill
Goodwill
CY2019Q3 us-gaap Gross Profit
GrossProfit
314600
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
964495
us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
34917
us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
CY2019Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
62696
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
58701
CY2019Q3 us-gaap Inventory Net
InventoryNet
210350
CY2018Q4 us-gaap Inventory Net
InventoryNet
241066
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-60638
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13110
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
975000
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
124774
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-33834
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-70536
CY2019Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
CY2018Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4508433
CY2018Q3 us-gaap Gross Profit
GrossProfit
246924
us-gaap Gross Profit
GrossProfit
663886
us-gaap Gross Profit
GrossProfit
790788
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-439637
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1606294
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-645786
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
942183
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
268637
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-68252
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
101099
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
751975
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-470176
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
7573
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
8643
CY2019Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
86413
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
127003
CY2019Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
61241
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
55362
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-4008512
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-2506869
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1005387
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
153278
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
42966
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
42124
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
117722
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
519751
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
129546
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
118675
CY2019Q3 us-gaap Liabilities
Liabilities
11168148
CY2018Q4 us-gaap Liabilities
Liabilities
3655527
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
31881811
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3708999
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
10782168
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3655527
CY2019Q3 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0
us-gaap Loans Assumed1
LoansAssumed1
us-gaap Loans Assumed1
LoansAssumed1
1815000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6465004
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3609571
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-591754
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-96184
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5936803
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4069685
us-gaap Net Income Loss
NetIncomeLoss
-5836592
us-gaap Net Income Loss
NetIncomeLoss
-6640301
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4134313
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2506869
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5982791
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6640301
CY2019Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
250000
CY2018Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
497276
CY2019Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
CY2018Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1112524
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5
us-gaap Open Tax Year
OpenTaxYear
2015 2016 2017 2018
CY2019Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
707414
CY2018Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
723939
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
2445238
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1390434
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3444760
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1861083
us-gaap Operating Income Loss
OperatingIncomeLoss
-10880857
us-gaap Operating Income Loss
OperatingIncomeLoss
-5034007
CY2019Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
184046
us-gaap Operating Lease Expense
OperatingLeaseExpense
367180
CY2018Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
27807
us-gaap Operating Lease Expense
OperatingLeaseExpense
64986
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
886712
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
500732
CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
385980
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
886712
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.08
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y21D
CY2019Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
578836
CY2018Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1967895
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
CY2019Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
15084
CY2018Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
65293
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
18419
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
46398
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
855
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
169983
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
131558
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
318431
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2479708
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2250000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
539218
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1633750
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
180453
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
154418
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
5970
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
650062
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2275786
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2959509
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
2338840
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
787524
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
us-gaap Repayments Of Debt
RepaymentsOfDebt
609514
us-gaap Repayments Of Debt
RepaymentsOfDebt
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-68944537
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-63107945
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
522696
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
329930
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1064088
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1100108
CY2019Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
434955
CY2018Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
621465
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1674200
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1726087
us-gaap Share Based Compensation
ShareBasedCompensation
2004366
us-gaap Share Based Compensation
ShareBasedCompensation
800322
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.824
CY2018Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
11.80
us-gaap Stock Issued1
StockIssued1
us-gaap Stock Issued1
StockIssued1
877500
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
5612250
CY2019Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
100000
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
338573
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
295000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2755087
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
20713663
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
53472
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
3361778
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
3026567
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
22291588
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
2691914
CY2019Q3 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
125801
CY2018Q3 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
146199
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3146609
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1325261
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2581014
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1217829
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3146609
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1325261
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2581014
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1217829
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3146609
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1325261
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2581014
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1217829

Files In Submission

Name View Source Status
0001171843-19-007595-index-headers.html Edgar Link pending
0001171843-19-007595-index.html Edgar Link pending
0001171843-19-007595.txt Edgar Link pending
0001171843-19-007595-xbrl.zip Edgar Link pending
exh_311.htm Edgar Link pending
exh_312.htm Edgar Link pending
exh_321.htm Edgar Link pending
f10q_111419p.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
poai-20190930.xml Edgar Link completed
poai-20190930.xsd Edgar Link pending
poai-20190930_cal.xml Edgar Link unprocessable
poai-20190930_def.xml Edgar Link unprocessable
poai-20190930_lab.xml Edgar Link unprocessable
poai-20190930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending