2023 Q2 Form 10-Q Financial Statement

#000162828023017994 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $18.08M $19.67M $19.31M
YoY Change -3.22% 21.98% 25.97%
Cost Of Revenue $17.05M $17.07M $16.97M
YoY Change 0.65% 0.94% -3.36%
Gross Profit $1.033M $2.599M $2.340M
YoY Change -40.8% -430.66% -204.89%
Gross Profit Margin 5.71% 13.21% 12.12%
Selling, General & Admin $3.825M $3.748M $4.150M
YoY Change -27.84% -12.29% -12.41%
% of Gross Profit 370.28% 144.21% 177.35%
Research & Development $167.0K $278.0K $156.0K
YoY Change -81.97% -82.26% -88.78%
% of Gross Profit 16.17% 10.7% 6.67%
Depreciation & Amortization $200.0K $160.0K $156.0K
YoY Change 100.0% 15.94% 17.29%
% of Gross Profit 19.36% 6.16% 6.67%
Operating Expenses $3.992M $4.026M $4.306M
YoY Change -35.89% -31.06% -29.73%
Operating Profit -$2.959M -$1.427M -$1.966M
YoY Change -33.98% -78.46% -76.48%
Interest Expense $395.0K $387.0K -$394.0K
YoY Change -18.56% -28.33% -32.3%
% of Operating Profit
Other Income/Expense, Net -$346.0K -$323.0K
YoY Change -28.66% -39.74%
Pretax Income -$3.305M -$1.750M -$2.360M
YoY Change -33.46% -75.57% -73.6%
Income Tax
% Of Pretax Income
Net Earnings -$3.305M -$1.750M -$2.360M
YoY Change -33.46% -75.57% -73.6%
Net Earnings / Revenue -18.28% -8.9% -12.22%
Basic Earnings Per Share -$0.18 -$0.10
Diluted Earnings Per Share -$0.18 -$0.10 -$0.20
COMMON SHARES
Basic Shares Outstanding 13.74M shares 12.55M shares 11.63M shares
Diluted Shares Outstanding 18.50M shares 18.36M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.87M $16.83M $21.49M
YoY Change -51.74% 70.04% -4.22%
Cash & Equivalents $8.959M $10.89M $10.10M
Short-Term Investments $5.906M $5.940M $11.39M
Other Short-Term Assets $1.475M $1.240M $1.745M
YoY Change -53.96% -44.42% -39.01%
Inventory $5.814M $5.595M $5.814M
Prepaid Expenses
Receivables $5.411M $6.021M $6.259M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $27.57M $29.69M $35.31M
YoY Change -41.66% 19.73% 0.06%
LONG-TERM ASSETS
Property, Plant & Equipment $2.093M $2.179M $2.194M
YoY Change -8.56% -8.33% -11.75%
Goodwill $921.0K $921.0K $900.0K
YoY Change 0.0% 0.0% -2.28%
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $527.0K $522.0K $523.0K
YoY Change 3.54% -15.53% -15.51%
Total Long-Term Assets $10.47M $10.78M $11.33M
YoY Change -11.79% -14.69% -14.76%
TOTAL ASSETS
Total Short-Term Assets $27.57M $29.69M $35.31M
Total Long-Term Assets $10.47M $10.78M $11.33M
Total Assets $38.04M $40.47M $46.64M
YoY Change -35.66% 8.11% -3.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.927M $5.202M $4.053M
YoY Change 101.46% 23.15% 8.4%
Accrued Expenses $3.763M $4.359M $7.702M
YoY Change -19.25% -0.32% 51.32%
Deferred Revenue $259.0K $259.0K $1.731M
YoY Change -88.06% -88.03% -20.27%
Short-Term Debt $733.0K $0.00 $503.0K
YoY Change -51.42% 15.1%
Long-Term Debt Due $4.631M $3.131M $1.631M
YoY Change -9.74% -52.78% -77.9%
Total Short-Term Liabilities $17.45M $15.07M $17.69M
YoY Change -5.84% -23.09% -15.62%
LONG-TERM LIABILITIES
Long-Term Debt $4.740M $6.147M $7.555M
YoY Change -54.29% -47.81% -42.7%
Other Long-Term Liabilities $14.00K $14.00K $14.00K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Liabilities $4.754M $6.161M $7.569M
YoY Change -54.22% -47.75% -42.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.45M $15.07M $17.69M
Total Long-Term Liabilities $4.754M $6.161M $7.569M
Total Liabilities $28.51M $27.93M $32.53M
YoY Change -26.85% -33.88% -29.34%
SHAREHOLDERS EQUITY
Retained Earnings -$393.8M -$390.5M -$388.8M
YoY Change 3.04% 3.53% 5.06%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.528M $12.54M $14.10M
YoY Change
Total Liabilities & Shareholders Equity $38.04M $40.47M $46.64M
YoY Change -35.66% 8.11% -3.99%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$3.305M -$1.750M -$2.360M
YoY Change -33.46% -75.57% -73.6%
Depreciation, Depletion And Amortization $200.0K $160.0K $156.0K
YoY Change 100.0% 15.94% 17.29%
Cash From Operating Activities -$1.736M -$3.900M -$594.0K
YoY Change -70.61% -60.2% -93.42%
INVESTING ACTIVITIES
Capital Expenditures $75.00K -$52.00K $81.00K
YoY Change -247.06% 79.31% -171.05%
Acquisitions
YoY Change
Other Investing Activities $13.00K $10.86M $3.305M
YoY Change 18.58% 405.35%
Cash From Investing Activities -$62.00K $5.302M $3.214M
YoY Change 21.57% -41.95% 495.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -131.0K -$631.0K -5.498M
YoY Change -100.49% -76.52% 238.55%
NET CHANGE
Cash From Operating Activities -1.736M -$3.900M -594.0K
Cash From Investing Activities -62.00K $5.302M 3.214M
Cash From Financing Activities -131.0K -$631.0K -5.498M
Net Change In Cash -1.929M $792.0K -2.878M
YoY Change -109.24% -123.53% -71.53%
FREE CASH FLOW
Cash From Operating Activities -$1.736M -$3.900M -$594.0K
Capital Expenditures $75.00K -$52.00K $81.00K
Free Cash Flow -$1.811M -$3.848M -$675.0K
YoY Change -69.07% -60.62% -92.43%

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CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
92000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
92000 usd
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1000 usd
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2022Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
4000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-238000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1208000 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-219000 usd
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1455000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-505000 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-630000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1149000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
485000 usd
CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-336000 usd
CY2022Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-490000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3295000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-640000 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1537000 usd
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-538000 usd
CY2023Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
3057000 usd
CY2022Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
3216000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3876000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9811000 usd
CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
2053000 usd
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
2810000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
7500000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
11972000 usd
CY2023Q1 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
145000 usd
CY2022Q1 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
29000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5302000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9133000 usd
CY2023Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 usd
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
2250000 usd
CY2023Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
503000 usd
CY2022Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
437000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
128000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-631000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2687000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
792000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3366000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10102000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13280000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10894000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9914000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
295000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
461000 usd
CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-3000 usd
CY2022Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
0 usd
CY2023Q1 rmti Number Of Facilities
NumberOfFacilities
3 facility
CY2023Q1 rmti Area Of Operating Space
AreaOfOperatingSpace
175000 sqft
CY2023Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
16800000 usd
CY2023Q1 rmti Working Capital Net
WorkingCapitalNet
14600000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3900000 usd
CY2023Q1 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>
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-1750000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-7162000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1750000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1750000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7162000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7162000 usd
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18359940 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18359940 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8544225 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8544225 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.84
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.84
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12879997 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2942516 shares
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q1 rmti Number Of Distribution And License Agreements
NumberOfDistributionAndLicenseAgreements
5 agreement
CY2023Q1 rmti Average Payment Term Of Customers
AveragePaymentTermOfCustomers
P30D
CY2023Q1 rmti Average Payment Term Of Distributors
AveragePaymentTermOfDistributors
P60D
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
19668000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
16124000 usd
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
6021000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
6259000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2794000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4331000 usd
CY2023Q1 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 usd
CY2022Q1 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 usd
CY2023Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2800000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
5868000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
72000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
0 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
5940000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
11315000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
75000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
0 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
11390000 usd
CY2023Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2806000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3351000 usd
CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
504000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
351000 usd
CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2285000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2112000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
5595000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
5814000 usd
CY2023Q1 us-gaap Inventory Noncurrent
InventoryNoncurrent
1276000 usd
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
1276000 usd
CY2023Q1 rmti Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
6871000 usd
CY2022Q4 rmti Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
7090000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9975000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9830000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7796000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7636000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2179000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2194000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
200000 usd
CY2022Q1 us-gaap Depreciation
Depreciation
100000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4359000 usd
CY2023Q1 rmti Research And Development Related Liabilities Current
ResearchAndDevelopmentRelatedLiabilitiesCurrent
0 usd
CY2022Q4 rmti Research And Development Related Liabilities Current
ResearchAndDevelopmentRelatedLiabilitiesCurrent
43000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1804000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2568000 usd
CY2023Q1 rmti Accrued Unvouchered Receipts Current
AccruedUnvoucheredReceiptsCurrent
358000 usd
CY2022Q4 rmti Accrued Unvouchered Receipts Current
AccruedUnvoucheredReceiptsCurrent
585000 usd
CY2023Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
303000 usd
CY2022Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
306000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1894000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4200000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7702000 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
15000 shares
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
15000 shares
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
15000 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
15000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
170000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
170000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12552673 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12552673 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12163673 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12163673 shares
CY2022Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
11486741 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12552673 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8544225 shares
CY2023Q1 rmti Common Stock And Pre Funded Warrants Shares Outstanding
CommonStockAndPreFundedWarrantsSharesOutstanding
18463673 shares
CY2022Q1 rmti Common Stock And Pre Funded Warrants Shares Outstanding
CommonStockAndPreFundedWarrantsSharesOutstanding
8544225 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1194202 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
511117 shares
CY2023Q1 us-gaap Convertible Preferred Stock Shares Reserved For Future Issuance
ConvertiblePreferredStockSharesReservedForFutureIssuance
1363636 shares
CY2022Q1 us-gaap Convertible Preferred Stock Shares Reserved For Future Issuance
ConvertiblePreferredStockSharesReservedForFutureIssuance
0 shares
CY2023Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
31343670 shares
CY2022Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
193000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-179000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
6227 shares
CY2018Q4 rmti Number Of Additional Agreements
NumberOfAdditionalAgreements
3 agreement
CY2023Q1 rmti Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
6200000 usd
CY2023Q1 rmti Operating Lease And Finance Lease Right Of Use Assets Net
OperatingLeaseAndFinanceLeaseRightOfUseAssetsNet
5900000 usd
CY2022Q4 rmti Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
6700000 usd
CY2022Q4 rmti Operating Lease And Finance Lease Right Of Use Assets Net
OperatingLeaseAndFinanceLeaseRightOfUseAssetsNet
6400000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
344000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
449000 usd
CY2023Q1 rmti Operating Lease Interest Expense
OperatingLeaseInterestExpense
60000 usd
CY2022Q1 rmti Operating Lease Interest Expense
OperatingLeaseInterestExpense
0 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
115000 usd
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
95000 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
519000 usd
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
544000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
141000 usd
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
141000 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
39000 usd
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
47000 usd
CY2023Q1 rmti Finance Lease Expense
FinanceLeaseExpense
180000 usd
CY2022Q1 rmti Finance Lease Expense
FinanceLeaseExpense
188000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000 usd
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
703000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
736000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
424000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
464000 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
39000 usd
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
47000 usd
CY2023Q1 rmti Cash Flows From Finance Lease Principal Payments
CashFlowsFromFinanceLeasePrincipalPayments
128000 usd
CY2022Q1 rmti Cash Flows From Finance Lease Principal Payments
CashFlowsFromFinanceLeasePrincipalPayments
118000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M12D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M12D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.064
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.064
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.064
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1249000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
502000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1405000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
672000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
937000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
676000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
310000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
666000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
121000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
311000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4022000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2827000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
335000 usd
CY2023Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
345000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
3687000 usd
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
2482000 usd

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