2022 Q3 Form 10-Q Financial Statement

#000162828022022899 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $18.69M $18.68M $16.12M
YoY Change 16.91% 23.42% 4.21%
Cost Of Revenue $17.91M $16.94M $16.91M
YoY Change 9.79% 9.99% 12.19%
Gross Profit $777.0K $1.745M -$786.0K
YoY Change -336.17% -766.03% -296.01%
Gross Profit Margin 4.16% 9.34% -4.87%
Selling, General & Admin $4.016M $5.301M $4.273M
YoY Change -25.93% 3.03% -26.0%
% of Gross Profit 516.86% 303.78%
Research & Development $469.0K $926.0K $1.567M
YoY Change -61.59% -61.67% -13.38%
% of Gross Profit 60.36% 53.07%
Depreciation & Amortization $100.0K $100.0K $138.0K
YoY Change 0.0% -50.0% -31.68%
% of Gross Profit 12.87% 5.73%
Operating Expenses $4.485M $6.227M $5.840M
YoY Change -32.49% -17.64% -22.99%
Operating Profit -$3.708M -$4.482M -$6.626M
YoY Change -46.82% -42.71% -7.74%
Interest Expense $476.0K $485.0K $540.0K
YoY Change -21.84% -16.81% -7.06%
% of Operating Profit
Other Income/Expense, Net -$482.0K -$485.0K -$536.0K
YoY Change -20.85% -15.94% -5.96%
Pretax Income -$4.190M -$4.967M -$7.162M
YoY Change -44.73% -40.87% -7.61%
Income Tax
% Of Pretax Income
Net Earnings -$4.190M -$4.967M -$7.162M
YoY Change -44.73% -40.87% -7.61%
Net Earnings / Revenue -22.42% -26.59% -44.42%
Basic Earnings Per Share -$0.40 -$0.56 -$0.84
Diluted Earnings Per Share -$0.40 -$0.56 -$0.84
COMMON SHARES
Basic Shares Outstanding 10.68M shares 8.805M shares 8.544M shares
Diluted Shares Outstanding 10.53M shares 8.805M shares 8.544M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.56M $30.80M $9.900M
YoY Change -16.98% -24.79% -78.54%
Cash & Equivalents $12.98M $30.80M $9.900M
Short-Term Investments $14.58M $0.00 $0.00
Other Short-Term Assets $2.407M $3.204M $2.231M
YoY Change -14.49% 126.75% -6.61%
Inventory $5.020M $5.171M $5.531M
Prepaid Expenses
Receivables $7.367M $8.090M $7.121M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $42.36M $47.25M $24.80M
YoY Change -8.08% -9.84% -58.14%
LONG-TERM ASSETS
Property, Plant & Equipment $2.264M $2.289M $2.377M
YoY Change -9.69% -9.49% -3.84%
Goodwill $921.0K $921.0K $921.0K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $522.0K $509.0K $618.0K
YoY Change -28.4% -18.95% -1.75%
Total Long-Term Assets $11.83M $11.87M $12.64M
YoY Change -6.25% 5.19% 23.83%
TOTAL ASSETS
Total Short-Term Assets $42.36M $47.25M $24.80M
Total Long-Term Assets $11.83M $11.87M $12.64M
Total Assets $54.19M $59.12M $37.44M
YoY Change -7.69% -7.17% -46.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.051M $2.942M $4.224M
YoY Change -36.88% -40.35% 27.73%
Accrued Expenses $5.887M $4.660M $4.373M
YoY Change 34.68% 16.7% 8.46%
Deferred Revenue $2.164M $2.169M $2.163M
YoY Change -0.55% 0.14% -0.32%
Short-Term Debt $1.006M $1.509M $0.00
YoY Change -23.32%
Long-Term Debt Due $5.131M $5.131M $6.631M
YoY Change -28.05% -75.72%
Total Short-Term Liabilities $19.34M $18.54M $19.60M
YoY Change -11.11% -45.55% 74.46%
LONG-TERM LIABILITIES
Long-Term Debt $8.962M $10.37M $11.78M
YoY Change -36.41% -44.02%
Other Long-Term Liabilities $14.00K $14.00K $14.00K
YoY Change -99.88% -99.88% -99.87%
Total Long-Term Liabilities $8.976M $10.38M $11.79M
YoY Change -36.31% -43.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.34M $18.54M $19.60M
Total Long-Term Liabilities $8.976M $10.38M $11.79M
Total Liabilities $38.05M $38.97M $42.24M
YoY Change -20.07% -14.31% -2.38%
SHAREHOLDERS EQUITY
Retained Earnings -$386.4M -$382.2M -$377.2M
YoY Change 7.01% 8.09% 9.27%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.14M $20.15M -$4.807M
YoY Change
Total Liabilities & Shareholders Equity $54.19M $59.12M $37.44M
YoY Change -7.69% -7.17% -46.1%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$4.190M -$4.967M -$7.162M
YoY Change -44.73% -40.87% -7.61%
Depreciation, Depletion And Amortization $100.0K $100.0K $138.0K
YoY Change 0.0% -50.0% -31.68%
Cash From Operating Activities -$1.102M -$5.906M -$9.800M
YoY Change -84.42% 19.6% -21.57%
INVESTING ACTIVITIES
Capital Expenditures -$117.0K -$51.00K -$29.00K
YoY Change -7.87% -79.01% -23.68%
Acquisitions
YoY Change
Other Investing Activities -$14.58M $0.00 $9.162M
YoY Change 1078.58% -100.0% -2032.91%
Cash From Investing Activities -$14.70M -$51.00K $9.133M
YoY Change 977.42% -103.1% -1883.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.000M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.002M 26.82M -$2.687M
YoY Change 264.66% -447150.0%
NET CHANGE
Cash From Operating Activities -1.102M -5.906M -$9.800M
Cash From Investing Activities -14.70M -51.00K $9.133M
Cash From Financing Activities -2.002M 26.82M -$2.687M
Net Change In Cash -17.80M 20.87M -$3.366M
YoY Change 98.04% -732.88% -74.12%
FREE CASH FLOW
Cash From Operating Activities -$1.102M -$5.906M -$9.800M
Capital Expenditures -$117.0K -$51.00K -$29.00K
Free Cash Flow -$985.0K -$5.855M -$9.771M
YoY Change -85.82% 24.71% -21.56%

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3000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4969000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8401000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12131000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16157000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
2535000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-7162000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
-179000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-4807000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-4967000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2000 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
14916000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
97000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
20145000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
34170000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-7752000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-7000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
-236000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
26178000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-8400000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-7000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
433000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
18203000 usd
us-gaap Net Income Loss
NetIncomeLoss
-12128000 usd
us-gaap Net Income Loss
NetIncomeLoss
-16152000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
279000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
385000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
-82000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
197000 usd
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
10000 usd
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
89000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1027000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
857000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
184000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
184000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
2000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-8000 usd
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
4000 usd
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-1000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2177000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1186000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1063000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
799000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1275000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1293000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-797000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
777000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-969000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-839000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-385000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1163000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-883000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1088000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
4999000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
3005000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15718000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17433000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
2810000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
13765000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
11972000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
15181000 usd
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
80000 usd
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
281000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9082000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1135000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
5250000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
439000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15016000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
106000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
15000000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
rmti Payments Of Stock Issuance Costs Preferred Stock
PaymentsOfStockIssuanceCostsPreferredStock
85000 usd
rmti Payments Of Stock Issuance Costs Preferred Stock
PaymentsOfStockIssuanceCostsPreferredStock
0 usd
rmti Repurchase Of Common Shares To Pay Employee Withholding Taxes
RepurchaseOfCommonSharesToPayEmployeeWithholdingTaxes
0 usd
rmti Repurchase Of Common Shares To Pay Employee Withholding Taxes
RepurchaseOfCommonSharesToPayEmployeeWithholdingTaxes
6000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24136000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17500000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16304000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13280000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48682000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30780000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32378000 usd
us-gaap Interest Paid Net
InterestPaidNet
998000 usd
us-gaap Interest Paid Net
InterestPaidNet
982000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
0 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-7000 usd
rmti Number Of Facilities
NumberOfFacilities
3 facility
rmti Area Of Operating Space
AreaOfOperatingSpace
175000 sqft
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30800000 usd
CY2022Q2 rmti Working Capital Net
WorkingCapitalNet
28700000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15700000 usd
rmti Agreement Covenant Minimum Cash
AgreementCovenantMinimumCash
10000000 usd
CY2022Q2 rmti Proceeds From Issuance Or Sale Of Equity Net Of Issuance Cost
ProceedsFromIssuanceOrSaleOfEquityNetOfIssuanceCost
14900000 usd
rmti Period To Regain Nasdaq Minimum Bid Requirements
PeriodToRegainNasdaqMinimumBidRequirements
P180D
CY2021Q4 rmti Common Stock Closing Bid Price
CommonStockClosingBidPrice
1.00
rmti Number Of Consecutive Business Days
NumberOfConsecutiveBusinessDays
10 businessday
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2992597 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</span></div>
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23272653 shares
rmti Number Of Distribution And License Agreements
NumberOfDistributionAndLicenseAgreements
5 agreement
rmti Average Payment Term Of Customers
AveragePaymentTermOfCustomers
P30D
rmti Average Payment Term Of Distributors
AveragePaymentTermOfDistributors
P45D
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
18682000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
34806000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
15137000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
30611000 usd
CY2022Q2 us-gaap Other Receivables
OtherReceivables
8090000 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
5913000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7274000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
8157000 usd
CY2021Q2 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 usd
us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 usd
us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 usd
CY2022Q2 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 usd
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7300000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
9143000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLossCurrent
14000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
9158000 usd
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4377000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3434000 usd
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
285000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
201000 usd
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1990000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1964000 usd
us-gaap Depreciation
Depreciation
300000 usd
CY2022Q2 rmti Current And Non Current Inventory
CurrentAndNonCurrentInventory
6652000 usd
CY2021Q4 rmti Current And Non Current Inventory
CurrentAndNonCurrentInventory
5599000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9629000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9589000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7340000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7103000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2289000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2486000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
100000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
200000 usd
us-gaap Depreciation
Depreciation
400000 usd
CY2022Q2 rmti Research And Development Related Liabilities Current
ResearchAndDevelopmentRelatedLiabilitiesCurrent
110000 usd
CY2021Q4 rmti Research And Development Related Liabilities Current
ResearchAndDevelopmentRelatedLiabilitiesCurrent
366000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2439000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1791000 usd
CY2022Q2 rmti Accrued Unvouchered Receipts Current
AccruedUnvoucheredReceiptsCurrent
385000 usd
CY2021Q4 rmti Accrued Unvouchered Receipts Current
AccruedUnvoucheredReceiptsCurrent
796000 usd
CY2022Q2 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
172000 usd
CY2021Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
382000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1554000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1755000 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4660000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5090000 usd
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
15000 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
15000 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
170000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
170000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9407296 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9407296 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8544225 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8544225 shares
CY2022Q2 rmti Proceeds From Issuance Or Sale Of Equity Net Of Issuance Cost
ProceedsFromIssuanceOrSaleOfEquityNetOfIssuanceCost
14900000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2000000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
12900000 usd
CY2022Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
100000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
98000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
187000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
433000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-82000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
197000 usd
CY2018Q4 rmti Number Of Additional Agreements
NumberOfAdditionalAgreements
3 agreement
CY2022Q2 rmti Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
6900000 usd
CY2022Q2 rmti Operating Lease And Finance Lease Right Of Use Assets Net
OperatingLeaseAndFinanceLeaseRightOfUseAssetsNet
6700000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
7900000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7700000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
431000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
432000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
880000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
851000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
92000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
90000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
192000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
523000 usd
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
522000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1067000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1043000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
141000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
67000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
282000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
112000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
45000 usd
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
20000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
92000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
33000 usd
CY2022Q2 rmti Finance Lease Expense
FinanceLeaseExpense
186000 usd
CY2021Q2 rmti Finance Lease Expense
FinanceLeaseExpense
87000 usd
rmti Finance Lease Expense
FinanceLeaseExpense
374000 usd
rmti Finance Lease Expense
FinanceLeaseExpense
145000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000 usd
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
8000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
8000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
713000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
613000 usd
us-gaap Lease Cost
LeaseCost
1449000 usd
us-gaap Lease Cost
LeaseCost
1196000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
447000 usd
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
428000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
911000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
853000 usd
CY2022Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
45000 usd
CY2021Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
21000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
92000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
34000 usd
CY2022Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
119000 usd
CY2021Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
56000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
237000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
93000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1476000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3371000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
316000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
777000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.064
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.055
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.064
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.055
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
861000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
331000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1456000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
669000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1114000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
672000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
637000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
676000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
260000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
666000 usd
CY2022Q2 rmti Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
120000 usd
CY2022Q2 rmti Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
310000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4448000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3324000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
420000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
470000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4028000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2854000 usd

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