2022 Q3 Form 10-Q Financial Statement

#000149315222022898 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $1.441M $1.431M $722.0K
YoY Change 24.76% 27.96% -62.0%
Cost Of Revenue $91.00K $72.00K $828.9K
YoY Change -90.84% 157.14% -30.93%
Gross Profit $1.350M $1.359M -$106.8K
YoY Change 733.63% 24.64% -115.26%
Gross Profit Margin 93.69% 94.97% -14.79%
Selling, General & Admin $2.858M $2.966M $3.037M
YoY Change -0.99% -3.94% 0.9%
% of Gross Profit 211.69% 218.32%
Research & Development $1.688M $1.506M $1.865M
YoY Change -18.97% -66.59% -46.72%
% of Gross Profit 125.04% 110.87%
Depreciation & Amortization $24.00K $24.00K $29.75K
YoY Change -16.26% 41.18% -0.83%
% of Gross Profit 1.78% 1.77%
Operating Expenses $5.824M $5.572M $4.902M
YoY Change 17.19% -34.55% -24.7%
Operating Profit -$4.383M -$4.141M -$5.009M
YoY Change -8.84% -44.0% -13.79%
Interest Expense $4.630K $4.820K $6.310K
YoY Change -31.91% -62.11% -99.71%
% of Operating Profit
Other Income/Expense, Net $327.1K $19.25K $160.0K
YoY Change -81.47% -99.04%
Pretax Income -$4.056M -$4.122M -$4.319M
YoY Change 33.57% -23.63% 17.69%
Income Tax $5.438K $740.00
% Of Pretax Income
Net Earnings -$3.825M -$4.123M -$4.320M
YoY Change 25.93% -23.61% -17.6%
Net Earnings / Revenue -265.44% -288.24% -598.28%
Basic Earnings Per Share -$0.10 -$0.11 -$1.22
Diluted Earnings Per Share -$1.028M -$112.5K -$122.4K
COMMON SHARES
Basic Shares Outstanding 38.80M shares 36.68M shares 3.529M shares
Diluted Shares Outstanding 3.944M shares 3.668M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.618M $9.746M $13.61M
YoY Change -46.28% -36.02% -37.99%
Cash & Equivalents $6.624M $9.752M $13.61M
Short-Term Investments
Other Short-Term Assets $1.692M $1.928M $1.098M
YoY Change 5.68% -5.19% -10.01%
Inventory $1.482M $1.310M $1.401M
Prepaid Expenses
Receivables $603.3K $719.9K $594.3K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.40M $13.70M $16.70M
YoY Change -33.93% -28.27% -32.97%
LONG-TERM ASSETS
Property, Plant & Equipment $311.5K $329.6K $1.822M
YoY Change -34.52% -43.18% 198.61%
Goodwill $4.896M $4.896M
YoY Change
Intangibles $5.852M $5.858M
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.33K $18.33K $18.33K
YoY Change 0.02% 0.02% -8.35%
Total Long-Term Assets $12.56M $12.64M $2.005M
YoY Change 1770.44% 1516.03% 144.47%
TOTAL ASSETS
Total Short-Term Assets $10.40M $13.70M $16.70M
Total Long-Term Assets $12.56M $12.64M $2.005M
Total Assets $22.96M $26.35M $18.71M
YoY Change 39.95% 32.48% -27.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $596.0K $918.3K $997.4K
YoY Change -34.41% 17.06% 103.55%
Accrued Expenses $1.471M $1.415M $1.423M
YoY Change -27.32% -34.03% -31.28%
Deferred Revenue
YoY Change
Short-Term Debt $941.3K $939.9K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.881M $5.646M $3.626M
YoY Change -10.06% -23.88% -60.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.426M $1.497M $1.566M
YoY Change 984.48% 612.0% 421.97%
Total Long-Term Liabilities $1.426M $1.497M $1.566M
YoY Change 984.48% 612.0% 421.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.881M $5.646M $3.626M
Total Long-Term Liabilities $1.426M $1.497M $1.566M
Total Liabilities $7.043M $7.879M $5.192M
YoY Change 26.71% 3.3% -45.41%
SHAREHOLDERS EQUITY
Retained Earnings -$97.00M -$93.19M
YoY Change
Common Stock $42.11K $38.80K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.15M $14.47M $13.52M
YoY Change
Total Liabilities & Shareholders Equity $22.96M $26.35M $18.71M
YoY Change 39.95% 32.48% -27.32%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$3.825M -$4.123M -$4.320M
YoY Change 25.93% -23.61% -17.6%
Depreciation, Depletion And Amortization $24.00K $24.00K $29.75K
YoY Change -16.26% 41.18% -0.83%
Cash From Operating Activities -$3.182M -$3.946M -$3.882M
YoY Change 4.94% -41.15% 86.62%
INVESTING ACTIVITIES
Capital Expenditures -$11.26K -$13.85K -$49.63K
YoY Change 16.44% -69.01% -29.1%
Acquisitions
YoY Change
Other Investing Activities $0.00 $135.4K
YoY Change
Cash From Investing Activities -$11.26K $121.5K -$49.63K
YoY Change 16.44% -371.87% -29.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.310K 0.000 3.860K
YoY Change -97.44% -100.0% -96.78%
NET CHANGE
Cash From Operating Activities -3.182M -3.946M -3.882M
Cash From Investing Activities -11.26K 121.5K -49.63K
Cash From Financing Activities 3.310K 0.000 3.860K
Net Change In Cash -3.190M -3.825M -3.927M
YoY Change 9.52% -43.04% 93.47%
FREE CASH FLOW
Cash From Operating Activities -$3.182M -$3.946M -$3.882M
Capital Expenditures -$11.26K -$13.85K -$49.63K
Free Cash Flow -$3.171M -$3.932M -$3.832M
YoY Change 4.9% -40.96% 90.65%

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36680156 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q2 us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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CY2022Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022Q2 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
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CY2022Q2 QLGN Fair Value Of Warrant Modification For Business Acquisition
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2022Q2 us-gaap Profit Loss
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 QLGN Stock Issued During Period Value Warrants Exercised One
StockIssuedDuringPeriodValueWarrantsExercisedOne
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CY2021Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2021Q1 us-gaap Profit Loss
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 QLGN Stock Issued During Period Value Warrants Exercised One
StockIssuedDuringPeriodValueWarrantsExercisedOne
142582 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2021Q2 us-gaap Profit Loss
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Inventory Write Down
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us-gaap Inventory Write Down
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Cash Acquired From Acquisition
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135354 usd
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Warrant Exercises
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us-gaap Proceeds From Warrant Exercises
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us-gaap Repayments Of Notes Payable
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138739 usd
us-gaap Net Cash Provided By Used In Financing Activities
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3859 usd
us-gaap Net Cash Provided By Used In Financing Activities
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155580 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-7752068 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-8744168 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17538272 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23976570 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9751976 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15232402 usd
us-gaap Interest Paid Net
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1683 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3501 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2200 usd
QLGN Issuance Of Common Stock For Professional Services
IssuanceOfCommonStockForProfessionalServices
101750 usd
QLGN Transfers Of Inventory From Equipment Held For Lease
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1304 usd
QLGN Fair Value Of Shares Issued For Cashless Warrant Exercises
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722970 usd
QLGN Fair Value Of Warrant Liabilities On Date Of Exercise
FairValueOfWarrantLiabilitiesOnDateOfExercise
858 usd
QLGN Fair Value Of Warrant Liabilities On Date Of Exercise
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1662936 usd
us-gaap Fair Value Of Assets Acquired
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5896278 usd
us-gaap Liabilities Assumed1
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2439620 usd
QLGN Fair Value Of Warrants Repriced Due To Acquisition
FairValueOfWarrantsRepricedDueToAcquisition
696 usd
QLGN Fair Value Of Prefunded Warrant Issued In Exchange For Nanosynex Stock
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us-gaap Stock Issued1
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1844500 usd
us-gaap Business Combination Consideration Transferred1
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135354 usd
CY2022Q2 us-gaap Cash
Cash
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CY2021Q2 us-gaap Cash
Cash
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CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5719 usd
CY2022Q2 QLGN Total Cash And Restricted Cash
TotalCashAndRestrictedCash
9751976 usd
CY2021Q2 QLGN Total Cash And Restricted Cash
TotalCashAndRestrictedCash
15232402 usd
us-gaap Use Of Estimates
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<p id="xdx_84D_eus-gaap--UseOfEstimates_zVZf0jUeOxbk" 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><i><span id="xdx_86C_zBN8eWPqlsYi">Accounting Estimates</span> </i></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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management uses estimates and assumptions in preparing its unaudited condensed financial statements in accordance with U.S. GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. The most significant estimates relate to the estimated fair value of in-process research and development, goodwill, warrant liabilities, stock-based compensation, amortization and depreciation, inventory reserves, allowances for doubtful accounts and returns, and warranty costs. Actual results could vary from the estimates that were used.</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"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p>
CY2022Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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0 usd
CY2021Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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us-gaap Impairment Of Long Lived Assets Held For Use
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CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q2 us-gaap Accounts Receivable Net Current
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CY2021Q2 us-gaap Cost Of Goods And Services Sold
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28000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
111000 usd
us-gaap Cost Of Goods And Services Sold
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58000 usd
CY2022Q2 QLGN Allowances For Sales Return
AllowancesForSalesReturn
10000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold
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72000 usd
CY2021Q2 QLGN Allowances For Sales Return
AllowancesForSalesReturn
0 usd
QLGN Allowances For Sales Return
AllowancesForSalesReturn
53000 usd
QLGN Allowances For Sales Return
AllowancesForSalesReturn
0 usd
us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
the Company with a face value equal to the amount paid by the Company to NanoSynex upon satisfaction of the applicable performance milestone, bearing interest at the rate of 9% per annum on the principal balance from time to time outstanding under the particular promissory note, convertible at the option of the Company into additional shares of NanoSynex in order for the Company to maintain at least a 50.1% controlling ownership interest in NanoSynex, should NanoSynex issue additional shares. The principal of the convertible notes are due and payable upon the sooner to occur of: i) five years from the date of issuance of the particular promissory note
CY2022Q2 us-gaap Product Warranty Expense
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22000 usd
CY2021Q2 us-gaap Product Warranty Expense
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us-gaap Product Warranty Expense
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41000 usd
us-gaap Product Warranty Expense
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CY2022Q2 us-gaap Stock Issued During Period Shares Acquisitions
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CY2022Q2 QLGN Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Research And Development Expense
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CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
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CY2022Q2 QLGN Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Research And Development Grant Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedResearchAndDevelopmentGrantLiability
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CY2022Q2 QLGN Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Short Term Debt
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CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Deferred Revenue
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736000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Less Noncontrolling Interest
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CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
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CY2022Q2 us-gaap Goodwill
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CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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us-gaap Business Acquisitions Pro Forma Revenue
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us-gaap Business Acquisitions Pro Forma Revenue
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us-gaap Business Acquisitions Pro Forma Net Income Loss
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us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2022Q2 us-gaap Other Prepaid Expense Current
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63229 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
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CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
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CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2022Q2 us-gaap Inventory Raw Materials
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CY2021Q4 us-gaap Inventory Raw Materials
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CY2022Q2 us-gaap Inventory Work In Process
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CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
188135 usd
CY2022Q2 us-gaap Inventory Finished Goods
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CY2021Q4 us-gaap Inventory Finished Goods
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CY2022Q2 us-gaap Inventory Net
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1310213 usd
CY2021Q4 us-gaap Inventory Net
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CY2022Q2 us-gaap Prepaid Insurance
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1810413 usd
CY2021Q4 us-gaap Prepaid Insurance
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1197726 usd
CY2022Q2 QLGN Prepaid Manufacturing Expenses
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54741 usd
CY2021Q4 QLGN Prepaid Manufacturing Expenses
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CY2022Q2 us-gaap Property Plant And Equipment Gross
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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3360324 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
329630 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
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204216 usd
CY2022Q2 us-gaap Depreciation
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24000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
17000 usd
us-gaap Depreciation
Depreciation
48000 usd
us-gaap Depreciation
Depreciation
32000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
4896223 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
739493 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
726749 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
158446 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
171190 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5858446 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
171190 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
9000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
18000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
15000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
14000 usd
CY2022Q2 QLGN Accrued Compensation
AccruedCompensation
26500 usd
CY2021Q4 QLGN Accrued Compensation
AccruedCompensation
17500 usd
CY2022Q2 QLGN Accrued Franchise Sales And Use Taxes
AccruedFranchiseSalesAndUseTaxes
20467 usd
CY2021Q4 QLGN Accrued Franchise Sales And Use Taxes
AccruedFranchiseSalesAndUseTaxes
14090 usd
CY2022Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
4356 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3620 usd
CY2022Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
101557 usd
CY2021Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
682036 usd
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
139551 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
225308 usd
CY2022Q2 QLGN Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
299288 usd
CY2021Q4 QLGN Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
232712 usd
CY2022Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
13900 usd
CY2021Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
10152 usd
CY2022Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
457022 usd
CY2021Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
282910 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
101103 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
60281 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
250791 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
265292 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1414535 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1793901 usd
CY2021Q4 QLGN Fair Value Adjustment Of Warrant
FairValueAdjustmentOfWarrant
1686200 usd
QLGN Fair Value Of Warrant Liabilities On Date Of Exercise
FairValueOfWarrantLiabilitiesOnDateOfExercise
858 usd
QLGN Change In Fair Value Of Warrant Liabilities
ChangeInFairValueOfWarrantLiabilities
-698042 usd
CY2022Q2 QLGN Fair Value Adjustment Of Warrant
FairValueAdjustmentOfWarrant
987300 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-4123404 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-5398077 usd
us-gaap Net Income Loss
NetIncomeLoss
-8443191 usd
us-gaap Net Income Loss
NetIncomeLoss
-10640796 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36680156 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28850451 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35990933 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28510014 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
36680156 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
28850451 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35990933 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
28510014 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18891214 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13917461 shares
CY2021Q4 us-gaap Area Of Land
AreaOfLand
22624 sqft
CY2021Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P61M
CY2021Q4 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
November 1, 2022 to November 30, 2027
CY2021Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P61M
CY2021Q4 us-gaap Payments For Rent
PaymentsForRent
1950710 usd
CY2021Q4 QLGN Tenant Improvement Allowance
TenantImprovementAllowance
339360 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M24D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.089 pure
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
277192 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
368341 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
379392 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
390773 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
402497 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
379165 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2197360 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
594113 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1603247 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
119000 usd
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
86000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
233000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
172000 usd
CY2022Q2 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
96558 usd
CY2022Q1 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
150000 usd
CY2022Q1 us-gaap Other Expenses
OtherExpenses
160000 usd
CY2022Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
18891214 shares
CY2022Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
18891214 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2600000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2500000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
5600000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y1M6D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.02 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.02 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0158 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0167 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0084 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0181 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2022Q2 us-gaap Share Price
SharePrice
1.05
CY2021Q2 us-gaap Share Price
SharePrice
2.12
us-gaap Share Based Compensation
ShareBasedCompensation
2690447 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2549049 usd
CY2021Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
600000 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.32
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
300000 usd
CY2020Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
2191010 shares
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.07

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