2024 Q1 Form 10-Q Financial Statement

#000149315224019861 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q1
Revenue $1.775M $4.190M
YoY Change -57.64% 12.97%
Cost Of Revenue $2.177M $3.435M
YoY Change -36.62% 22.5%
Gross Profit -$402.0K $755.0K
YoY Change -153.25% -16.57%
Gross Profit Margin -22.65% 18.02%
Selling, General & Admin $1.357M $1.444M
YoY Change -6.02% -5.99%
% of Gross Profit 191.26%
Research & Development $220.0K $346.0K
YoY Change -36.42% -27.31%
% of Gross Profit 45.83%
Depreciation & Amortization $66.00K $116.0K
YoY Change -43.1% -14.07%
% of Gross Profit 15.36%
Operating Expenses $1.577M $1.790M
YoY Change -11.9% -11.03%
Operating Profit -$1.979M -$1.035M
YoY Change 91.21% -6.5%
Interest Expense $163.0K $78.00K
YoY Change 108.97% -700.0%
% of Operating Profit
Other Income/Expense, Net -$163.0K -$78.00K
YoY Change 108.97%
Pretax Income -$2.142M -$1.113M
YoY Change 92.45% -0.63%
Income Tax
% Of Pretax Income
Net Earnings -$2.142M -$1.113M
YoY Change 92.45% -0.63%
Net Earnings / Revenue -120.68% -26.56%
Basic Earnings Per Share -$0.12 -$0.09
Diluted Earnings Per Share -$0.12 -$0.09
COMMON SHARES
Basic Shares Outstanding 17.56M shares 12.95M shares
Diluted Shares Outstanding 17.56M shares 12.95M shares

Balance Sheet

Concept 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $212.0K $119.0K
YoY Change 78.15% -97.16%
Cash & Equivalents $212.0K $119.0K
Short-Term Investments
Other Short-Term Assets $2.444M $3.852M
YoY Change -36.55% -26.82%
Inventory $16.22M $16.88M
Prepaid Expenses $444.0K $1.852M
Receivables $1.282M $3.216M
Other Receivables $787.0K $787.0K
Total Short-Term Assets $20.95M $24.85M
YoY Change -15.71% 2.1%
LONG-TERM ASSETS
Property, Plant & Equipment $278.0K $421.0K
YoY Change -33.97% -74.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $108.0K $93.00K
YoY Change 16.13% 0.0%
Total Long-Term Assets $2.916M $2.950M
YoY Change -1.15% 70.13%
TOTAL ASSETS
Total Short-Term Assets $20.95M $24.85M
Total Long-Term Assets $2.916M $2.950M
Total Assets $23.86M $27.80M
YoY Change -14.16% 6.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.194M $1.024M
YoY Change 16.6% 88.24%
Accrued Expenses $2.328M $1.994M
YoY Change 16.75% 4.84%
Deferred Revenue
YoY Change
Short-Term Debt $4.914M $3.010M
YoY Change 63.26%
Long-Term Debt Due $297.0K $172.0K
YoY Change 72.67% -29.8%
Total Short-Term Liabilities $11.28M $8.969M
YoY Change 25.74% 148.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $33.00K
YoY Change -100.0% -83.9%
Other Long-Term Liabilities $1.537M $1.729M
YoY Change -11.1% 1305.69%
Total Long-Term Liabilities $1.537M $1.762M
YoY Change -12.77% 437.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.28M $8.969M
Total Long-Term Liabilities $1.537M $1.762M
Total Liabilities $12.82M $10.73M
YoY Change 19.42% 172.22%
SHAREHOLDERS EQUITY
Retained Earnings -$27.80M -$20.22M
YoY Change 37.47%
Common Stock $2.000K $1.000K
YoY Change 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.05M $17.07M
YoY Change
Total Liabilities & Shareholders Equity $23.86M $27.80M
YoY Change -14.16% 6.62%

Cashflow Statement

Concept 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$2.142M -$1.113M
YoY Change 92.45% -0.63%
Depreciation, Depletion And Amortization $66.00K $116.0K
YoY Change -43.1% -14.07%
Cash From Operating Activities -$989.0K -$1.156M
YoY Change -14.45% 36.48%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $652.0K $1.064M
YoY Change -38.72% -1873.33%
NET CHANGE
Cash From Operating Activities -$989.0K -$1.156M
Cash From Investing Activities
Cash From Financing Activities $652.0K $1.064M
Net Change In Cash -$337.0K -$92.00K
YoY Change 266.3% -89.95%
FREE CASH FLOW
Cash From Operating Activities -$989.0K -$1.156M
Capital Expenditures
Free Cash Flow -$1.156M
YoY Change 37.78%

Facts In Submission

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<p id="xdx_84B_eus-gaap--UseOfEstimates_zZP4OALmKNpi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Estimates</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Material estimates relate to the assumptions made in determining estimates for credit loss reserves for accounts receivable, assumptions used in valuing inventories at net realizable value, impairment testing of recorded long-term assets, the realizability of deferred tax assets and the related valuation allowance, accruals for warranty reserves, accruals for potential liabilities, assumptions made in valuing stock instruments issued for services, and assumptions used in the determination of the Company’s liquidity. </span>Actual results may differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p>
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4190000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1775000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4190000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1775000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4190000 usd
CY2024Q1 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2024Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
14205000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
14313000 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2016000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2209000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
16221000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
16522000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
600000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
600000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
600000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
600000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
71000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
469000 usd
CY2024Q1 POLA Standard Product Warranty Accrual Provision
StandardProductWarrantyAccrualProvision
71000 usd
CY2023 POLA Standard Product Warranty Accrual Provision
StandardProductWarrantyAccrualProvision
469000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
600000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
600000 usd
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_843_eus-gaap--ConcentrationRiskCreditRisk_zvCu0kqpvBLl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Concentrations</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Revenues. </i>For the three months ended March 31, 2024, <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240331__srt--MajorCustomersAxis__custom--LargestCustomerOneMember__srt--ProductOrServiceAxis__custom--SalesToTelecommunicationsCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zB0v9y4Q4aCk" title="Concentration risk">49</span>% of revenues was generated from the Company’s largest customer (a Tier-1 telecommunications wireless carrier in the U.S), and <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240331__srt--MajorCustomersAxis__custom--LargestCustomerTwoMember__srt--ProductOrServiceAxis__custom--SalesToTelecommunicationsCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z9ZXDQdPmmHc" title="Concentration risk">25</span>% of revenue was generated from the Company’s second largest customer ( a customer in the U.S. military market). For the three months ended March 31, 2023, <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20230331__srt--MajorCustomersAxis__custom--LargestCustomerOneMember__srt--ProductOrServiceAxis__custom--SalesToTelecommunicationsCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zbnH1L43xAOg" title="Concentration risk">49</span>% of revenues was generated from the Company’s largest customer, a Tier-1 telecommunications customer in the U.S., and <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20230331__srt--MajorCustomersAxis__custom--LargestCustomerTwoMember__srt--ProductOrServiceAxis__custom--SalesToTelecommunicationsCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zL3xwnya0wNi" title="Concentration risk">27</span>% of the revenue was generated from a telecommunications customer in the South Pacific. There was no other revenue from customers in excess of 10% of revenues in either period. For the three months ended March 31, 2024 and March 31, 2023, sales to telecommunications customers accounted for <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240331__srt--ProductOrServiceAxis__custom--SalesToTelecommunicationsCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--RevenueFromRightsConcentrationRiskMember_zyH6JKtlcICk" title="Concentration risk">71</span>% and <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20230331__srt--ProductOrServiceAxis__custom--SalesToTelecommunicationsCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--RevenueFromRightsConcentrationRiskMember_z3oZ6RMP5hx7" title="Concentration risk">95</span>% of total revenues, respectively. For the three months ended March 31, 2024 and March 31, 2023, sales to international customers accounted for <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240331__srt--ProductOrServiceAxis__custom--SalesToInternationalCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--RevenueFromRightsConcentrationRiskMember_ziPObZX426jl" title="Concentration risk">6</span>% and <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20230331__srt--ProductOrServiceAxis__custom--SalesToInternationalCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--RevenueFromRightsConcentrationRiskMember_zn9nEYVfL8Wg" title="Concentration risk">27</span>%, of total revenue, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Accounts receivable</i>. At March 31, 2024, the two largest receivable accounts represented <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240331__srt--MajorCustomersAxis__custom--LargestReceivableAccountsOneMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zqLfCVYtATdi" title="Concentration risk">70</span>% and <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240331__srt--MajorCustomersAxis__custom--LargestReceivableAccountsTwoMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zLs7j4xT6XNk" title="Concentration risk">10</span>% of the Company’s accounts receivable. <span style="background-color: white">At December 31, 2023, </span>the Company’s two largest receivable accounts represented <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20231231__srt--MajorCustomersAxis__custom--LargestReceivableAccountsOneMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z0fQUqaJYwl6" title="Concentration risk">69</span>% and <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20231231__srt--MajorCustomersAxis__custom--LargestReceivableAccountsTwoMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zZY8WhdSCfkc" title="Concentration risk">16</span>% of the Company’s total accounts receivable. There was no other customer that accounted for more than 10% of the Company’s accounts receivable as of March 31, 2024 or December 31, 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Accounts payable</i>. At March 31, 2024, accounts payable to the Company’s three largest vendors represented <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240331__srt--MajorCustomersAxis__custom--LargestVendorsOnesMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember_zKwQxSncZaui" title="Concentration risk">37</span>%, <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240331__srt--MajorCustomersAxis__custom--LargestCustomerTwoMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z4tctQ37s9Sf" title="Concentration risk">9</span>% and <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240331__srt--MajorCustomersAxis__custom--LargestCustomerThreeMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zDsLXQXTOc74" title="Concentration risk">5</span>%, respectively, of the Company’s accounts payable. On December 31, 2023, the three largest accounts payable accounts to the Company’s vendors represented <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20231231__srt--MajorCustomersAxis__custom--LargestVendorsOnesMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember_z1PuI7CZp4R4" title="Concentration risk">30</span>%, <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20231231__srt--MajorCustomersAxis__custom--LargestCustomerTwoMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zSY7TD1Wg8ac" title="Concentration risk">10</span>%, and <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20231231__srt--MajorCustomersAxis__custom--LargestCustomerThreeMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zf1mJQEi2h9g" title="Concentration risk">5</span>%, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
140000 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
164122 shares
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4494000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4494000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4216000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4150000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
278000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
344000 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
66000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
116000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
63000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
113000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
282000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
212000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
282000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
212000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M12D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0613 pure
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0613 pure
CY2024Q1 POLA Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
1046000 usd
CY2023Q4 POLA Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
760000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2530000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2818000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1197000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1124000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1537000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1856000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2734000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2980000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
968000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1446000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
496000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2910000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
176000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2734000 usd
CY2024Q1 us-gaap Payments For Rent
PaymentsForRent
399000 usd
CY2023Q1 us-gaap Payments For Rent
PaymentsForRent
287000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
140000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.22
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
140000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.22
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
140000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.22
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
140000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
140000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2020Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
24122 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
12062 shares
CY2024Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0 shares
CY2024Q1 POLA Employee Retention Credits Wages Percentage
EmployeeRetentionCreditsWagesPercentage
0.70 pure
CY2024Q1 POLA Employee Retention Credits Per Shares
EmployeeRetentionCreditsPerShares
7
CY2024Q1 POLA Expenses Of Employee Retention Credit
ExpensesOfEmployeeRetentionCredit
2000000 usd
CY2024Q1 POLA Employee Retention Credit Receivable
EmployeeRetentionCreditReceivable
2000000 usd
CY2023Q4 POLA Employee Retention Credit Receivable
EmployeeRetentionCreditReceivable
2000000 usd

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