2023 Q1 Form 10-K Financial Statement

#000180160223000028 Filed on March 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q2
Revenue $7.157M $6.757M $6.584M
YoY Change 12.46%
Cost Of Revenue $1.350M $1.480M $1.998M
YoY Change -26.75% -8.59% 6.84%
Gross Profit $5.807M $5.277M $4.586M
YoY Change 28.45% 5.96% 16.4%
Gross Profit Margin 81.14% 78.1% 69.65%
Selling, General & Admin $5.235M $6.914M $6.879M
YoY Change 14.55% 58.58% 92.15%
% of Gross Profit 90.15% 131.02% 150.0%
Research & Development $2.300M $2.995M $2.910M
YoY Change -12.78% 8.51% 60.77%
% of Gross Profit 39.61% 56.76% 63.45%
Depreciation & Amortization $66.00K $68.00K $123.0K
YoY Change -12.0% -60.69%
% of Gross Profit 1.14% 1.29% 2.68%
Operating Expenses $7.535M $9.976M $9.869M
YoY Change 726.36% 565.67% 5906.4%
Operating Profit -$1.728M -$4.699M -$5.283M
YoY Change 89.51% -234.98% 3115.3%
Interest Expense -$381.0K -$306.0K -$208.0K
YoY Change 309.68% -9429.27% -1753.42%
% of Operating Profit
Other Income/Expense, Net -$153.0K $467.0K $2.880M
YoY Change -103.67% 45.94% 5.4%
Pretax Income -$2.262M -$4.538M -$2.611M
YoY Change -21.05% 286.09% -201.66%
Income Tax $0.00 $3.000K $0.00
% Of Pretax Income
Net Earnings -$2.262M -$4.541M -$2.611M
YoY Change -169.55% 286.35% -201.66%
Net Earnings / Revenue -31.61% -67.2% -39.66%
Basic Earnings Per Share -$0.08 -$0.14
Diluted Earnings Per Share -$0.08 -$0.17 -$135.4K
COMMON SHARES
Basic Shares Outstanding 26.94M shares 26.21M shares 19.29M shares
Diluted Shares Outstanding 26.80M shares 19.29M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.569M $3.546M $14.18M
YoY Change 516.67% 470.58% 1694.81%
Cash & Equivalents $2.600M $3.500M $14.18M
Short-Term Investments
Other Short-Term Assets $1.026M $1.505M $2.742M
YoY Change 310.91% 478.98% 559.36%
Inventory
Prepaid Expenses
Receivables $3.168M $3.222M $3.921M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.086M $8.273M $20.84M
YoY Change 963.52% 838.61% 1628.38%
LONG-TERM ASSETS
Property, Plant & Equipment $318.0K $1.125M $471.0K
YoY Change -36.4% 134.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.207M $1.384M $721.0K
YoY Change -99.4% -99.31% -99.64%
TOTAL ASSETS
Total Short-Term Assets $7.086M $8.273M $20.84M
Total Long-Term Assets $1.207M $1.384M $721.0K
Total Assets $8.293M $9.657M $21.56M
YoY Change -95.87% -95.19% -89.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.820M $1.056M $3.532M
YoY Change -19.19% 156.31% 3274.41%
Accrued Expenses $2.868M $3.019M $2.001M
YoY Change 2555.56% 2695.37% 1752.78%
Deferred Revenue $263.0K $291.0K
YoY Change -35.33%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.654M $5.451M $0.00
YoY Change
Total Short-Term Liabilities $11.77M $10.27M $6.977M
YoY Change 398.71% 517.65% 3180.64%
LONG-TERM LIABILITIES
Long-Term Debt $1.414M $3.050M $9.843M
YoY Change
Other Long-Term Liabilities $724.0K $654.0K $1.616M
YoY Change -94.1% -96.02% -93.64%
Total Long-Term Liabilities $2.138M $3.704M $11.46M
YoY Change -82.59% -77.47% -54.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.77M $10.27M $6.977M
Total Long-Term Liabilities $2.138M $3.704M $11.46M
Total Liabilities $13.91M $13.98M $18.44M
YoY Change -4.99% -22.79% -28.02%
SHAREHOLDERS EQUITY
Retained Earnings -$28.60M -$26.30M
YoY Change 53.03%
Common Stock $3.000K $3.000K
YoY Change 50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.615M -$4.321M $3.127M
YoY Change
Total Liabilities & Shareholders Equity $8.293M $9.657M $21.56M
YoY Change -95.87% -95.19% -89.28%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q2
OPERATING ACTIVITIES
Net Income -$2.262M -$4.541M -$2.611M
YoY Change -169.55% 286.35% -201.66%
Depreciation, Depletion And Amortization $66.00K $68.00K $123.0K
YoY Change -12.0% -60.69%
Cash From Operating Activities $400.0K -$2.200M -$4.747M
YoY Change -295.24% 2036.34% 19646.76%
INVESTING ACTIVITIES
Capital Expenditures $9.000K $11.00K -$113.0K
YoY Change -87.67% -95.63% -170.63%
Acquisitions
YoY Change
Other Investing Activities -$3.000K -$3.000K -$250.0K
YoY Change
Cash From Investing Activities -$12.00K -$14.00K -$363.0K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $82.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.344M -1.047M 17.27M
YoY Change
NET CHANGE
Cash From Operating Activities $400.0K -2.200M -4.747M
Cash From Investing Activities -$12.00K -14.00K -363.0K
Cash From Financing Activities -$1.344M -1.047M 17.27M
Net Change In Cash -$956.0K -3.261M 12.16M
YoY Change 366.61% 3066.63% -50669.38%
FREE CASH FLOW
Cash From Operating Activities $400.0K -$2.200M -$4.747M
Capital Expenditures $9.000K $11.00K -$113.0K
Free Cash Flow $391.0K -$2.211M -$4.634M
YoY Change -240.71% 522.85% 2418.0%

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CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
330000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2022 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
7305000 usd
CY2021 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
4496000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 usd
CY2022 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
200000 usd
CY2021 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 usd
CY2022 wdq Stock Issued For Business Combination
StockIssuedForBusinessCombination
0 usd
CY2021 wdq Stock Issued For Business Combination
StockIssuedForBusinessCombination
50000 usd
CY2022 wdq Noncash Or Part Noncash Acquisition Indemnity Holdback
NoncashOrPartNoncashAcquisitionIndemnityHoldback
0 usd
CY2021 wdq Noncash Or Part Noncash Acquisition Indemnity Holdback
NoncashOrPartNoncashAcquisitionIndemnityHoldback
23000 usd
CY2022Q4 wdq Number Of Subsidiaries
NumberOfSubsidiaries
1 subsidiary
CY2022Q2 wdq Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.59289
CY2022Q2 wdq Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
18800000 usd
CY2022Q2 wdq Proceeds From Reverse Recapitalization Transaction Before Closing Costs
ProceedsFromReverseRecapitalizationTransactionBeforeClosingCosts
25100000 usd
CY2022Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
7000000 usd
CY2022Q2 wdq Cash Acquired Through Reverse Recapitalization After Payment To Redeeming Stockholders
CashAcquiredThroughReverseRecapitalizationAfterPaymentToRedeemingStockholders
8800000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
6100000 usd
CY2022Q2 wdq Reverse Recapitalization Accrued Transaction Costs
ReverseRecapitalizationAccruedTransactionCosts
8700000 usd
CY2022Q2 wdq Reverse Recapitalization Net
ReverseRecapitalizationNet
10100000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-26300000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14500000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7900000 usd
CY2022Q4 wdq Working Capital
WorkingCapital
-1500000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3500000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%;text-decoration:underline">Use of Estimates</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions that we believe to be reasonable. We believe that the assumptions and estimates associated with revenue recognition, software development costs, income taxes, and equity-based compensation have the greatest potential impact on our consolidated financial statements. Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment. Accounting estimates used in the preparation of these financial statements change as new events occur, as more experience is acquired, as additional information is obtained, and as the operating environment changes. Actual results may differ materially from these estimates.</span></div>
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3045000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1500000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
216000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%;text-decoration:underline">Concentrations of Credit Risk</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%"> </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Financial instruments that potentially subject us to concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. We place our cash and cash equivalents with high credit-quality financial institutions. Such deposits may be in excess of federally insured limits. We perform periodic evaluations of the relative credit standing of the financial institutions. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We perform ongoing credit evaluations of our customers’ financial condition and require no collateral from our customers. We maintain an allowance for doubtful accounts receivable based upon the expected collectability of accounts receivable balances.</span></div>
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%;text-decoration:underline">Concentrations of Credit Risk</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%"> </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Financial instruments that potentially subject us to concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. We place our cash and cash equivalents with high credit-quality financial institutions. Such deposits may be in excess of federally insured limits. We perform periodic evaluations of the relative credit standing of the financial institutions. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We perform ongoing credit evaluations of our customers’ financial condition and require no collateral from our customers. We maintain an allowance for doubtful accounts receivable based upon the expected collectability of accounts receivable balances.</span></div>
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
3200000 usd
CY2022 us-gaap Interest Income Financing Receivable Before Allowance For Credit Loss
InterestIncomeFinancingReceivableBeforeAllowanceForCreditLoss
9000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P3Y
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P3Y
CY2022 us-gaap Advertising Expense
AdvertisingExpense
174000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
96000 usd
CY2022Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
3639000 usd
CY2021Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
2536000 usd
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
731000 usd
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
806000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
4370000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3342000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1481000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
297000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2889000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
834000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
15000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
582000 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
828000 usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
89000 usd
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
84000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1505000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
927000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
831000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
677000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
456000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
197000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
375000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
480000 usd
CY2022 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
259000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
173000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Noncurrent
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossNoncurrent
250000 usd
CY2022Q2 wdq Financing Receivable Before Allowance For Credit Loss Noncurrent Interest Rate
FinancingReceivableBeforeAllowanceForCreditLossNoncurrentInterestRate
0.05
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1145000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
805000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
148000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
155000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
261000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
959000 usd
CY2022Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
1000000 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
0 usd
CY2022Q4 wdq Accrued Expense And Other Liabilities Current
AccruedExpenseAndOtherLiabilitiesCurrent
2554000 usd
CY2021Q4 wdq Accrued Expense And Other Liabilities Current
AccruedExpenseAndOtherLiabilitiesCurrent
1919000 usd
CY2022Q2 wdq Reverse Recapitalization Cash Paid To Shareholders
ReverseRecapitalizationCashPaidToShareholders
191437817 usd
CY2022Q2 wdq Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
18800000 usd
CY2022Q2 wdq Proceeds From Reverse Recapitalization Transaction Before Closing Costs
ProceedsFromReverseRecapitalizationTransactionBeforeClosingCosts
25100000 usd
CY2022Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
7000000 usd
CY2022Q2 wdq Cash Acquired Through Reverse Recapitalization After Payment To Redeeming Stockholders
CashAcquiredThroughReverseRecapitalizationAfterPaymentToRedeemingStockholders
8800000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
6100000 usd
CY2022Q2 wdq Cash Acquired Through Reverse Recapitalization After Payment To Redeeming Stockholders
CashAcquiredThroughReverseRecapitalizationAfterPaymentToRedeemingStockholders
8771000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
6100000 usd
CY2022Q2 wdq Proceeds From Reverse Recapitalization Operating Account
ProceedsFromReverseRecapitalizationOperatingAccount
264000 usd
CY2022Q2 wdq Proceeds From Reverse Recapitalization Transaction Before Closing Costs
ProceedsFromReverseRecapitalizationTransactionBeforeClosingCosts
25135000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
81000 usd
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
192689 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
900000 usd
CY2022Q3 us-gaap Share Price
SharePrice
1.97
CY2022Q2 wdq Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
6346000 usd
CY2022Q2 wdq Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
18789000 usd
CY2022Q2 wdq Reverse Recapitalization Accrued Transaction Costs
ReverseRecapitalizationAccruedTransactionCosts
8679000 usd
CY2022Q2 wdq Reverse Recapitalization Net
ReverseRecapitalizationNet
10110000 usd
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25290270 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25290270 shares
CY2022Q2 wdq Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.59289
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2022Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
9151000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
9151000 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
22517000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
4999000 usd
CY2022Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
4308000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
9307000 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
22547000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23362000 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
6267000 usd
CY2021 us-gaap Gross Profit
GrossProfit
17095000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6173000 usd
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
1652000 usd
CY2022Q1 us-gaap Gross Profit
GrossProfit
4521000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6454000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12627000 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
1868000 usd
us-gaap Cost Of Revenue
CostOfRevenue
3520000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
4586000 usd
us-gaap Gross Profit
GrossProfit
9107000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7233000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19860000 usd
CY2022Q3 us-gaap Cost Of Revenue
CostOfRevenue
1689000 usd
us-gaap Cost Of Revenue
CostOfRevenue
5210000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
5544000 usd
us-gaap Gross Profit
GrossProfit
14650000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26629000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23362000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26629000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23362000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
333000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
364000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
291000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
450000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
450000 usd
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
560000 usd
CY2022 wdq Contract With Customer Liability Amounts Invoiced During The Year
ContractWithCustomerLiabilityAmountsInvoicedDuringTheYear
18310000 usd
CY2022Q1 wdq Contract With Customer Liability Amounts Invoiced During The Year
ContractWithCustomerLiabilityAmountsInvoicedDuringTheYear
13512000 usd
CY2022 wdq Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
18469000 usd
CY2022Q1 wdq Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
13622000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
291000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
450000 usd
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1525175 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.05
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1200000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
600000 usd
CY2022Q2 wdq Share Based Compensation Arrangements By Share Based Payment Award Options Conversion Ratio
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsConversionRatio
0.5929
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3679171 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
135090 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.30
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
149328 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3394753 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.57
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3400000 usd
CY2022Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P98M
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
846000 usd
CY2021 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
644000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
846000 usd
CY2022 wdq Operating Lease Other
OperatingLeaseOther
515000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
750000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
465000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
316000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
781000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
500000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
515000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
318000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
150000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P20Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.06
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
500000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
322000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
822000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
41000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
781000 usd
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
338000 usd
CY2022Q2 wdq Preferred Stock Convertible Conversion Trigger Amount Of Initial Public Offering
PreferredStockConvertibleConversionTriggerAmountOfInitialPublicOffering
50000000 usd
CY2022Q2 wdq Preferred Stock Convertible Conversion Trigger Amount Of Initial Public Offering
PreferredStockConvertibleConversionTriggerAmountOfInitialPublicOffering
50000000 usd
CY2022Q2 wdq Preferred Stock Convertible Conversion Trigger Percent Of Total Votes
PreferredStockConvertibleConversionTriggerPercentOfTotalVotes
0.63
CY2022Q2 wdq Preferred Stock Convertible Conversion Trigger Percent Of Total Votes
PreferredStockConvertibleConversionTriggerPercentOfTotalVotes
0.63
CY2022Q2 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
1
CY2022Q2 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
1
CY2022Q2 wdq Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.59289
CY2022Q2 wdq Sponsor Escrow Agreement Sponsor Earnout Shares
SponsorEscrowAgreementSponsorEarnoutShares
1000000 shares
CY2022Q2 wdq Sponsor Escrow Agreement Sponsor Earnout Shares
SponsorEscrowAgreementSponsorEarnoutShares
1000000 shares
CY2022Q2 wdq Sponsor Escrow Agreement Release Of Shares Stock Price Trigger
SponsorEscrowAgreementReleaseOfSharesStockPriceTrigger
12.00
CY2022Q2 wdq Sponsor Escrow Agreement Stock Price Trigger Threshold Trading Days
SponsorEscrowAgreementStockPriceTriggerThresholdTradingDays
20 day
CY2022Q2 wdq Sponsor Escrow Agreement Stock Price Trigger Threshold Trading Day Period
SponsorEscrowAgreementStockPriceTriggerThresholdTradingDayPeriod
30 day
CY2022Q2 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
350000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
26659711 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
26659711 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17862108 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17862108 shares
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Defined Contribution Plan Cost Recognized
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.32
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EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.28
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0 usd
CY2022 wdq Effective Income Tax Rate Reconciliation Paycheck Protection Program Forgiveness Percent
EffectiveIncomeTaxRateReconciliationPaycheckProtectionProgramForgivenessPercent
0
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CY2021 wdq Effective Income Tax Rate Reconciliation Paycheck Protection Program Forgiveness Percent
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-0.05
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EffectiveIncomeTaxRateReconciliationNondeductibleExpensesAndTaxExemptIncomeNet
194000 usd
CY2021 wdq Effective Income Tax Rate Reconciliation Nondeductible Expenses And Tax Exempt Income Net Percent
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-0.03
CY2022 wdq Effective Income Tax Rate Reconciliation Foreign Income Taxes
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxes
2000 usd
CY2022 wdq Effective Income Tax Rate Reconciliation Foreign Income Taxes Percent
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxesPercent
0
CY2021 wdq Effective Income Tax Rate Reconciliation Foreign Income Taxes
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0 usd
CY2021 wdq Effective Income Tax Rate Reconciliation Foreign Income Taxes Percent
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxesPercent
0
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
2000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
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IncomeTaxReconciliationChangeInEnactedTaxRate
-2000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
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CY2022 us-gaap Income Tax Expense Benefit
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3000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021 us-gaap Income Tax Expense Benefit
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2000 usd
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
376000 usd
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
76000 usd
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5556000 usd
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2562000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
1188000 usd
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DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
594000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
575000 usd
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246000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
8000 usd
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
0 usd
CY2022Q4 wdq Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
198000 usd
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0 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
215000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
132000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
8116000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3610000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7506000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3385000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
610000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
225000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
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420000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
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191000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
190000 usd
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DeferredTaxLiabilitiesLeasingArrangements
0 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
0 usd
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
34000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
610000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
225000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd

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