2022 Q2 Form 10-Q Financial Statement

#000153496922000123 Filed on August 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $78.00K $38.00K $26.00K
YoY Change 290.0% 192.31% 333.33%
Cost Of Revenue $56.00K $20.00K $14.00K
YoY Change 600.0% 300.0% 366.67%
Gross Profit $22.00K $18.00K $12.00K
YoY Change 83.33% 125.0% 300.0%
Gross Profit Margin 28.21% 47.37% 46.15%
Selling, General & Admin $8.507M $8.996M $9.484M
YoY Change 86.19% 147.35% 255.87%
% of Gross Profit 38668.18% 49977.78% 79033.33%
Research & Development $3.261M $3.322M $3.075M
YoY Change 15.47% 38.65% 47.13%
% of Gross Profit 14822.73% 18455.56% 25625.0%
Depreciation & Amortization $200.0K $200.0K $145.0K
YoY Change 0.0% 0.0% -28.22%
% of Gross Profit 909.09% 1111.11% 1208.33%
Operating Expenses $11.82M $12.34M $12.56M
YoY Change 59.76% 104.34% 164.01%
Operating Profit -$11.75M -$12.30M -$12.55M
YoY Change 59.14% 104.15% 163.93%
Interest Expense $18.00K $4.000K $90.00K
YoY Change -1000.0% -98.7% -116.25%
% of Operating Profit
Other Income/Expense, Net $244.0K $96.00K -$27.00K
YoY Change -77.24% -455.56% -59.7%
Pretax Income -$11.52M -$12.21M -$12.48M
YoY Change 82.65% 91.98% 132.26%
Income Tax
% Of Pretax Income
Net Earnings -$11.52M -$12.21M -$12.48M
YoY Change 82.65% 91.98% 132.26%
Net Earnings / Revenue -14769.23% -32126.32% -48015.38%
Basic Earnings Per Share -$0.37 -$0.40
Diluted Earnings Per Share -$0.37 -$0.40 -$409.2K
COMMON SHARES
Basic Shares Outstanding 30.95M shares 30.80M shares
Diluted Shares Outstanding 30.95M shares 30.80M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.9M $107.5M $105.1M
YoY Change 17.68% 79.2%
Cash & Equivalents $53.89M $64.10M $58.93M
Short-Term Investments $53.02M $43.47M $46.18M
Other Short-Term Assets $1.009M $1.875M $1.993M
YoY Change 100.6% 345.37%
Inventory
Prepaid Expenses
Receivables $73.00K $39.00K $27.00K
Other Receivables $55.00K $9.000K $3.116M
Total Short-Term Assets $108.0M $109.5M $110.3M
YoY Change 18.26% 81.11% 702.82%
LONG-TERM ASSETS
Property, Plant & Equipment $3.197M $2.913M $1.773M
YoY Change 267.05% 252.66% 83.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $13.68M $22.34M $34.85M
YoY Change
Other Assets $363.0K $487.0K $157.0K
YoY Change -87.16% -66.94% 60.2%
Total Long-Term Assets $17.01M $25.40M $36.78M
YoY Change 359.77% 1004.61% 3359.83%
TOTAL ASSETS
Total Short-Term Assets $108.0M $109.5M $110.3M
Total Long-Term Assets $17.01M $25.40M $36.78M
Total Assets $125.1M $134.9M $147.0M
YoY Change 31.55% 114.94% 893.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $783.0K $945.0K $1.197M
YoY Change -23.68% 13.99% 171.43%
Accrued Expenses $2.365M $2.007M $2.958M
YoY Change 29.09% 15.21%
Deferred Revenue $3.102M $3.112M $3.116M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $456.0K $351.0K $74.00K
YoY Change 542.25% -54.53%
Total Short-Term Liabilities $7.303M $6.944M $8.411M
YoY Change 125.96% 85.87% -25.18%
LONG-TERM LIABILITIES
Long-Term Debt $848.0K $718.0K $54.00K
YoY Change 831.87% 57.11%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $848.0K $718.0K $54.00K
YoY Change 32.11% -31.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.303M $6.944M $8.411M
Total Long-Term Liabilities $848.0K $718.0K $54.00K
Total Liabilities $8.151M $7.662M $8.465M
YoY Change 110.24% 60.03% -31.35%
SHAREHOLDERS EQUITY
Retained Earnings -$190.2M -$178.7M -$166.5M
YoY Change 31.99% 26.63%
Common Stock $3.000K $3.000K $3.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $116.9M $127.2M $138.6M
YoY Change
Total Liabilities & Shareholders Equity $125.1M $134.9M $147.0M
YoY Change 31.55% 114.94% 893.71%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$11.52M -$12.21M -$12.48M
YoY Change 82.65% 91.98% 132.26%
Depreciation, Depletion And Amortization $200.0K $200.0K $145.0K
YoY Change 0.0% 0.0% -28.22%
Cash From Operating Activities -$9.038M -$9.557M -$9.152M
YoY Change 44.89% 37.51% 118.69%
INVESTING ACTIVITIES
Capital Expenditures -$219.0K $7.000K -$749.0K
YoY Change 157.65% -82.93% 1602.27%
Acquisitions
YoY Change
Other Investing Activities -$990.0K $14.64M -$13.68M
YoY Change
Cash From Investing Activities -$1.209M $14.63M -$14.43M
YoY Change 1322.35% -35792.68% 32700.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 58.00K $71.00K 37.00K
YoY Change -99.84% -99.87% -104.02%
NET CHANGE
Cash From Operating Activities -9.038M -$9.557M -9.152M
Cash From Investing Activities -1.209M $14.63M -14.43M
Cash From Financing Activities 58.00K $71.00K 37.00K
Net Change In Cash -10.19M $5.148M -23.55M
YoY Change -133.04% -88.92% 357.31%
FREE CASH FLOW
Cash From Operating Activities -$9.038M -$9.557M -$9.152M
Capital Expenditures -$219.0K $7.000K -$749.0K
Free Cash Flow -$8.819M -$9.564M -$8.403M
YoY Change 43.33% 36.8% 102.92%

Facts In Submission

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DepreciationDepletionAndAmortization
350000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
378000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2436000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1103000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
9000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
158000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1050000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-9000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
46000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
34852000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-3116000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
0 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1277000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
309000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-484000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
197000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1516000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-935000 usd
sera Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
0 usd
sera Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-61000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-14000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-18595000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13188000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
21217000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
226000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
126000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
16000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
13425000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-126000 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
1071000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
214000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
264000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
4494000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
3100000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
85000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
34000 usd
sera Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
0 usd
sera Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
2133000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
129000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
90632000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-5041000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
77318000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58932000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13533000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53891000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90851000 usd
us-gaap Interest Paid Net
InterestPaidNet
13000 usd
us-gaap Interest Paid Net
InterestPaidNet
1270000 usd
sera Purchases Of Property And Equipment Included In Accounts Payable And Accrued Liabilities
PurchasesOfPropertyAndEquipmentIncludedInAccountsPayableAndAccruedLiabilities
68000 usd
sera Purchases Of Property And Equipment Included In Accounts Payable And Accrued Liabilities
PurchasesOfPropertyAndEquipmentIncludedInAccountsPayableAndAccruedLiabilities
149000 usd
sera Senior Convertible Preferred Stock Offering Costs Included In Accounts Payable And Accrued Liabilities
SeniorConvertiblePreferredStockOfferingCostsIncludedInAccountsPayableAndAccruedLiabilities
0 usd
sera Senior Convertible Preferred Stock Offering Costs Included In Accounts Payable And Accrued Liabilities
SeniorConvertiblePreferredStockOfferingCostsIncludedInAccountsPayableAndAccruedLiabilities
80000 usd
sera Prepaid And Deferred Offering Costs Reclassified To Senior Convertible Preferred Stock
PrepaidAndDeferredOfferingCostsReclassifiedToSeniorConvertiblePreferredStock
26000 usd
sera Prepaid And Deferred Offering Costs Reclassified To Senior Convertible Preferred Stock
PrepaidAndDeferredOfferingCostsReclassifiedToSeniorConvertiblePreferredStock
0 usd
sera Deferred Offering Costs Incurred But Not Yet Paid
DeferredOfferingCostsIncurredButNotYetPaid
0 usd
sera Deferred Offering Costs Incurred But Not Yet Paid
DeferredOfferingCostsIncurredButNotYetPaid
618000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-190200000 usd
CY2022Q2 sera Cash And Cash Equivalents Debt Securities Available For Sale Fair Value
CashAndCashEquivalentsDebtSecuritiesAvailableForSaleFairValue
120600000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:18pt"><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 financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the amounts reported in the condensed financial statements and accompanying notes. The Company evaluates these estimates on an ongoing basis. The Company bases these estimates on historical and anticipated results, trends, and various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ materially from those estimates.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The COVID-19 pandemic and the evolving actions of governments, private sector participants and the public in an effort to contain the spread of the COVID-19 virus and address its impacts have intensified and have had significant direct and indirect effects on businesses and commerce. The extent to which the COVID-19 pandemic may impact the Company’s business, financial condition, cash flows, and results of operations, in particular, will depend on future </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">developments that are uncertain, many of which are outside the Company’s control. Such developments include the availability and effectiveness of actions taken to contain or treat COVID-19, the ultimate geographic spread and duration of the pandemic, the extent and duration of a resurgence of the COVID-19 virus and variant strains thereof, new information concerning the severity of the COVID-19 virus, the effectiveness and intensity of measures to contain the COVID-19 virus and the economic impact of the pandemic and the reactions to it. Such developments, among others, depending on their nature, duration, and intensity, could have a significant adverse effect on the Company’s business, financial condition, cash flows, and results of operations.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There were no significant estimates contained in the preparation of the Company’s condensed financial statements or impacts to the Company’s condensed financial statements for the three and six months ended June 30, 2022 that were a direct result of the COVID-19 pandemic. The Company is not aware of any specific event or circumstance that would require an update to its estimates, judgments and assumptions or a revision of the carrying value of the Company’s assets or liabilities as of the date of the condensed financial statements.</span></div>
CY2022Q2 sera Cash And Cash Equivalents Debt Securities Available For Sale Amortized Cost
CashAndCashEquivalentsDebtSecuritiesAvailableForSaleAmortizedCost
121407000 usd
CY2022Q2 sera Cash And Cash Equivalents Debt Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax
CashAndCashEquivalentsDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTax
11000 usd
CY2022Q2 sera Cash And Cash Equivalents Debt Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax
CashAndCashEquivalentsDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTax
829000 usd
CY2022Q2 sera Cash And Cash Equivalents Debt Securities Available For Sale Fair Value
CashAndCashEquivalentsDebtSecuritiesAvailableForSaleFairValue
120589000 usd
CY2021Q4 sera Cash And Cash Equivalents Debt Securities Available For Sale Amortized Cost
CashAndCashEquivalentsDebtSecuritiesAvailableForSaleAmortizedCost
140146000 usd
CY2021Q4 sera Cash And Cash Equivalents Debt Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax
CashAndCashEquivalentsDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2021Q4 sera Cash And Cash Equivalents Debt Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax
CashAndCashEquivalentsDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTax
183000 usd
CY2021Q4 sera Cash And Cash Equivalents Debt Securities Available For Sale Fair Value
CashAndCashEquivalentsDebtSecuritiesAvailableForSaleFairValue
139963000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
CY2022Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
0 usd
CY2021Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
0 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
53713000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
53021000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
13798000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
13677000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
67511000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
66698000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
8882000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
7740000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
5915000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
5967000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2967000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1773000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
200000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
200000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
400000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
400000 usd
CY2022Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1483000 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
2498000 usd
CY2022Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
583000 usd
CY2021Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
460000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
299000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
597000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
927000 usd
CY2022Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
2962000 usd
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
3885000 usd
CY2022Q2 us-gaap Interest Income Other
InterestIncomeOther
66000 usd
CY2021Q2 us-gaap Interest Income Other
InterestIncomeOther
18000 usd
us-gaap Interest Income Other
InterestIncomeOther
144000 usd
us-gaap Interest Income Other
InterestIncomeOther
21000 usd
CY2022Q2 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
0 usd
CY2021Q2 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
4000 usd
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
0 usd
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-6000 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1050000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1050000 usd
CY2022Q2 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
178000 usd
CY2021Q2 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
0 usd
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
196000 usd
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-19000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
244000 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1072000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
340000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1046000 usd
CY2022Q2 sera Number Of Common Stock Classes Authorized
NumberOfCommonStockClassesAuthorized
2 common_stock_class
CY2022Q2 sera Common Stock Conversion Ratio
CommonStockConversionRatio
1
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6287126 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.36
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
20095000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
3087510 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.29
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
413633 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.23
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
217860 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.23
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8743143 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.92
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y2M12D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
499000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
8252641 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
3.86
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y1M6D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
490000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
3255726 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
2.85
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y6M
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
239000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1214000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
864000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2436000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1103000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
14100000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y9M18D
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2788484 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2788484 shares
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
230000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1484000 usd
CY2022Q2 sera Right Of Use Asset Total
RightOfUseAssetTotal
1714000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
299000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
456000 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
848000 usd
CY2022Q2 sera Lease Liabilities Total
LeaseLiabilitiesTotal
1603000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
67000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
113000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
18000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
22000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
116000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
233000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
201000 usd
us-gaap Lease Cost
LeaseCost
368000 usd
CY2022Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
11000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
13000 usd
CY2022Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
67000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
85000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
295000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1253000 usd
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.064
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.064
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
151000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
302000 usd
CY2022Q2 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
453000 usd
CY2022Q2 sera Lease Liability To Be Paid Year One
LeaseLiabilityToBePaidYearOne
518000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
0 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y6M
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y6M
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
302000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
253000 usd
CY2022Q2 sera Lease Liability To Be Paid Remainder Of Fiscal Year
LeaseLiabilityToBePaidRemainderOfFiscalYear
555000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
0 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
518000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
462000 usd
CY2022Q2 sera Lease Liability To Be Paid Year Two
LeaseLiabilityToBePaidYearTwo
462000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
0 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
191000 usd
CY2022Q2 sera Lease Liability To Be Paid Year Three
LeaseLiabilityToBePaidYearThree
191000 usd
CY2022Q2 sera Lessee Operating Lease Liability To Be Paid Year Four And Thereafter
LesseeOperatingLeaseLiabilityToBePaidYearFourAndThereafter
0 usd
CY2022Q2 sera Finance Lease Liability To Be Paid Year Four And Thereafter
FinanceLeaseLiabilityToBePaidYearFourAndThereafter
0 usd
CY2022Q2 sera Lease Liability To Be Paid Year Four And Thereafter
LeaseLiabilityToBePaidYearFourAndThereafter
0 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
302000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1424000 usd
CY2022Q2 sera Lease Liability Payment Due
LeaseLiabilityPaymentDue
1726000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
120000 usd
CY2022Q2 sera Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
123000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
299000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
1304000 usd
CY2022Q2 sera Lease Liabilities Total
LeaseLiabilitiesTotal
1603000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
299000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
456000 usd
CY2022Q2 sera Lease Liability Current
LeaseLiabilityCurrent
755000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
848000 usd
CY2022Q2 sera Lease Liability Noncurrent
LeaseLiabilityNoncurrent
848000 usd
CY2022Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2021Q4 sera Indemnification Liability
IndemnificationLiability
0 usd
CY2022Q2 sera Indemnification Liability
IndemnificationLiability
0 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-6307000 usd
us-gaap Net Income Loss
NetIncomeLoss
-12666000 usd
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1988886 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1988886 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1890908 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1890908 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.17
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.70
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11531627 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
32112026 shares

Files In Submission

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sera-20220630_def.xml Edgar Link unprocessable
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0001534969-22-000123-index.html Edgar Link pending
0001534969-22-000123.txt Edgar Link pending
0001534969-22-000123-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
sera-20220630.htm Edgar Link pending
sera-20220630.xsd Edgar Link pending
sera-20220630x10qxex311.htm Edgar Link pending
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sera-20220630_lab.xml Edgar Link unprocessable
sera-20220630_pre.xml Edgar Link unprocessable
sera-20220630_htm.xml Edgar Link completed
sera-20220630_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable