2022 Q4 Form 10-Q Financial Statement
#000149315222031590 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $2.329M | $1.317M | $499.9K |
YoY Change | 345.05% | 163.53% | 22.39% |
Cost Of Revenue | $2.131M | $1.403M | $481.0K |
YoY Change | 196.7% | 191.66% | 28.4% |
Gross Profit | $198.7K | -$85.62K | $18.85K |
YoY Change | -202.01% | -554.23% | -44.26% |
Gross Profit Margin | 8.53% | -6.5% | 3.77% |
Selling, General & Admin | $3.661M | $1.373M | $909.3K |
YoY Change | 163.31% | 50.99% | 126.0% |
% of Gross Profit | 1843.12% | 4823.98% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $81.08K | $28.02K | $294.6K |
YoY Change | -19.19% | -90.49% | -19.02% |
% of Gross Profit | 40.82% | 1563.02% | |
Operating Expenses | $3.704M | $3.790M | $918.2K |
YoY Change | 159.86% | 312.74% | 121.82% |
Operating Profit | -$3.505M | -$3.875M | -$899.4K |
YoY Change | 116.36% | 330.91% | 136.6% |
Interest Expense | -$606.2K | $50.88K | -$32.77K |
YoY Change | -24.84% | -255.26% | 2542.74% |
% of Operating Profit | |||
Other Income/Expense, Net | -$14.29K | $309.4K | |
YoY Change | -96778.13% | ||
Pretax Income | -$4.125M | -$3.926M | -$622.7K |
YoY Change | 70.02% | 530.49% | 63.16% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$4.125M | -$3.926M | -$622.7K |
YoY Change | 70.02% | 530.49% | 63.16% |
Net Earnings / Revenue | -177.1% | -298.07% | -124.59% |
Basic Earnings Per Share | -$0.23 | -$0.06 | |
Diluted Earnings Per Share | -$0.23 | -$228.6K | -$57.47K |
COMMON SHARES | |||
Basic Shares Outstanding | 17.99M shares | 16.87M shares | 10.84M shares |
Diluted Shares Outstanding | 17.18M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.295M | $4.359M | $2.234M |
YoY Change | -83.26% | 95.1% | |
Cash & Equivalents | $2.295M | $4.359M | $2.234M |
Short-Term Investments | |||
Other Short-Term Assets | $46.31K | $3.157M | $41.42K |
YoY Change | -97.1% | 7522.77% | |
Inventory | $583.4K | $397.1K | $56.74K |
Prepaid Expenses | |||
Receivables | $850.3K | $918.2K | $154.7K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $7.450M | $8.898M | $2.487M |
YoY Change | -53.46% | 257.78% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.555M | $1.962M | $1.254M |
YoY Change | 229.65% | 56.39% | |
Goodwill | |||
YoY Change | |||
Intangibles | $0.00 | ||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $42.78K | $35.48K | $12.49K |
YoY Change | 242.61% | 184.09% | |
Total Long-Term Assets | $2.848M | $2.312M | $1.267M |
YoY Change | 120.35% | 82.49% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $7.450M | $8.898M | $2.487M |
Total Long-Term Assets | $2.848M | $2.312M | $1.267M |
Total Assets | $10.30M | $11.21M | $3.754M |
YoY Change | -40.48% | 198.62% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.050M | $527.5K | $813.2K |
YoY Change | 283.45% | -35.13% | |
Accrued Expenses | $199.2K | $229.7K | $256.9K |
YoY Change | -23.89% | -10.61% | |
Deferred Revenue | $60.93K | $60.93K | |
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $750.0K |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | $1.599M | $0.00 | $50.34K |
YoY Change | 3039.9% | -100.0% | |
Total Short-Term Liabilities | $6.359M | $2.227M | $1.933M |
YoY Change | 66.89% | 15.21% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $1.043M | $3.110M |
YoY Change | -100.0% | -66.45% | |
Other Long-Term Liabilities | $63.31K | $99.74K | $329.4K |
YoY Change | -75.88% | -69.72% | |
Total Long-Term Liabilities | $63.31K | $1.143M | $3.439M |
YoY Change | -97.76% | -66.76% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $6.359M | $2.227M | $1.933M |
Total Long-Term Liabilities | $63.31K | $1.143M | $3.439M |
Total Liabilities | $6.422M | $3.370M | $5.373M |
YoY Change | -3.28% | -37.27% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$28.26M | -$24.13M | |
YoY Change | 83.29% | ||
Common Stock | $0.00 | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $3.875M | $7.840M | -$1.618M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $10.30M | $11.21M | $3.754M |
YoY Change | -40.48% | 198.62% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$4.125M | -$3.926M | -$622.7K |
YoY Change | 70.02% | 530.49% | 63.16% |
Depreciation, Depletion And Amortization | $81.08K | $28.02K | $294.6K |
YoY Change | -19.19% | -90.49% | -19.02% |
Cash From Operating Activities | -$2.266M | -$4.823M | -$519.0K |
YoY Change | 15.28% | 829.41% | -66.81% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $674.2K | -$567.1K | -$30.27K |
YoY Change | -459.46% | 1773.47% | 571.18% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$674.2K | -$567.1K | -$30.27K |
YoY Change | 259.46% | 1773.47% | 571.18% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $2.694M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 876.6K | 2.981M | 2.763M |
YoY Change | -93.57% | 7.88% | 75.8% |
NET CHANGE | |||
Cash From Operating Activities | -2.266M | -4.823M | -519.0K |
Cash From Investing Activities | -674.2K | -567.1K | -30.27K |
Cash From Financing Activities | 876.6K | 2.981M | 2.763M |
Net Change In Cash | -2.064M | -2.409M | 2.214M |
YoY Change | -117.98% | -208.81% | 60728.02% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.266M | -$4.823M | -$519.0K |
Capital Expenditures | $674.2K | -$567.1K | -$30.27K |
Free Cash Flow | -$2.940M | -$4.256M | -$488.7K |
YoY Change | 65.35% | 770.93% | -68.66% |
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Revenues
Revenues
|
4963945 | usd | |
us-gaap |
Revenues
Revenues
|
885305 | usd | |
CY2022Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
1402870 | usd |
CY2021Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
480997 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
3724467 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
1057137 | usd | |
CY2022Q3 | us-gaap |
Gross Profit
GrossProfit
|
-85623 | usd |
CY2021Q3 | us-gaap |
Gross Profit
GrossProfit
|
18854 | usd |
us-gaap |
Gross Profit
GrossProfit
|
1239478 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
-171832 | usd | |
CY2022Q3 | SIDU |
Payroll Expenses
PayrollExpenses
|
1627241 | usd |
CY2021Q3 | SIDU |
Payroll Expenses
PayrollExpenses
|
500881 | usd |
SIDU |
Payroll Expenses
PayrollExpenses
|
3769890 | usd | |
CY2022Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
3789795 | usd |
SIDU |
Payroll Expenses
PayrollExpenses
|
943743 | usd | |
CY2022Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
192305 | usd |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
394919 | usd | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
71111 | usd | |
CY2022Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
80019 | usd |
CY2021Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
81926 | usd |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
251370 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
165934 | usd | |
CY2022Q3 | us-gaap |
Depreciation
Depreciation
|
28015 | usd |
CY2021Q3 | us-gaap |
Depreciation
Depreciation
|
8880 | usd |
us-gaap |
Depreciation
Depreciation
|
96611 | usd | |
us-gaap |
Depreciation
Depreciation
|
24478 | usd | |
CY2022Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
681582 | usd |
CY2021Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
49680 | usd |
us-gaap |
Professional Fees
ProfessionalFees
|
2135796 | usd | |
us-gaap |
Professional Fees
ProfessionalFees
|
80173 | usd | |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1180633 | usd |
CY2021Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
276832 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3130171 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
436244 | usd | |
CY2021Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
918199 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
9778757 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
1721683 | usd | |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3875418 | usd |
CY2021Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-899345 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8539279 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1893515 | usd | |
us-gaap |
Other Expenses
OtherExpenses
|
504 | usd | |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
50880 | usd |
CY2021Q3 | us-gaap |
Interest Expense
InterestExpense
|
32766 | usd |
us-gaap |
Interest Expense
InterestExpense
|
175208 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
59459 | usd | |
CY2021Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
309370 | usd |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
633830 | usd | |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-50880 | usd |
CY2021Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
276604 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-175208 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
573867 | usd | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-3926298 | usd |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-622741 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-8714487 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1319648 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3926298 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-622741 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-8714487 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1319648 | usd | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.23 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.06 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.52 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.13 | ||
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10836332 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16886582 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10281841 | shares | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17178648 | shares |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10660071 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
1209000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2330354 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9538717 | usd |
CY2022Q2 | SIDU |
Adjustments To Additional Paid In Capital Debt Forgiveness Related Party
AdjustmentsToAdditionalPaidInCapitalDebtForgivenessRelatedParty
|
1624755 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2457835 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8705637 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3060809 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3926298 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7840148 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10660071 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-199329 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10460742 | usd |
CY2021Q2 | SIDU |
Adjustments To Additional Paid In Capital Debt Forgiveness Related Party
AdjustmentsToAdditionalPaidInCapitalDebtForgivenessRelatedParty
|
3392294 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-497578 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13355458 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13355458 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2694335 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
200000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-622741 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15627052 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15627052 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-8714487 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1319648 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1209000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
200000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
238859 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
294629 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
618 | usd | |
SIDU |
Lease Liability Amortization
LeaseLiabilityAmortization
|
-4756 | usd | |
SIDU |
Lease Liability Amortization
LeaseLiabilityAmortization
|
10391 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
633830 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
787318 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-11149 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-437471 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-175769 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
269633 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-149207 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
60932 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1585247 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
27130 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-299165 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
162254 | usd | |
SIDU |
Increase Decrease In Accounts Payable And Accrued Liabilities Related Party
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParty
|
10939 | usd | |
SIDU |
Increase Decrease In Accounts Payable And Accrued Liabilities Related Party
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParty
|
394924 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-2479 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
62712 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-9827748 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-518955 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1425623 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
30266 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1425623 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-30266 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
3060809 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2694335 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
89872 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
307610 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
213708 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
16266 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
148019 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
62180 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
797505 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
250000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1901577 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2763371 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-9351794 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2214150 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
13710845 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
20162 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
4359051 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2234312 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
19951 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
6713 | usd | |
SIDU |
Debt Forgiveness Related Party
DebtForgivenessRelatedParty
|
1624755 | usd | |
SIDU |
Debt Forgiveness Related Party
DebtForgivenessRelatedParty
|
3392294 | usd | |
us-gaap |
Notes Issued1
NotesIssued1
|
4000000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-8700000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1200000 | usd | |
us-gaap |
Noninterest Expense Investment Advisory Fees
NoninterestExpenseInvestmentAdvisoryFees
|
600000 | usd | |
us-gaap |
Legal Fees
LegalFees
|
100000 | usd | |
us-gaap |
Noninterest Expense
NoninterestExpense
|
6800000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-9800000 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_846_eus-gaap--UseOfEstimates_zRZQGgEC1sQa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Some of these judgments can be subjective and complex, and, consequently, actual results may differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
us-gaap |
Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
|
Depreciation expense is recognized over the assets’ estimated useful lives of three - ten years using the straight-line method | ||
us-gaap |
Variable Interest Entity Terms Of Arrangements
VariableInterestEntityTermsOfArrangements
|
The condensed consolidated financial statements include Aurea Alas Limited, which is a variable interest entity of which we are the primary beneficiary, and on August 26, 2020, the Company entered into a licensing agreement with Aurea. Aurea is a limited company organized in the Isle of Man, which entered into a license agreement with a third-party vendor, whereby they licensed the rights to use certain available radio frequency spectrum for satellite communications. The Company is responsible for 100% of the operations of Aurea and derives 100% of the net profits or losses derived from the business operations. The assets, liabilities and the operations of Aurea from the date of inception (July 20, 2020), are included in the Company’s condensed consolidated financial statements | ||
CY2022Q3 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
313822 | usd |
CY2021Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
1520016 | usd |
CY2022Q3 | SIDU |
Prepaid Components
PrepaidComponents
|
1280231 | usd |
CY2022Q3 | SIDU |
Prepaid Satellite Services Licenses
PrepaidSatelliteServicesLicenses
|
1343750 | usd |
CY2022Q3 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
213546 | usd |
CY2021Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
68178 | usd |
CY2022Q3 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
6000 | usd |
CY2021Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
6905 | usd |
CY2022Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3157349 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1595099 | usd |
us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
18128 | usd | |
us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
0 | usd | |
CY2022Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
397135 | usd |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
127502 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5208913 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3783290 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3247079 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3008220 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1961834 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
775070 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
238859 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
294629 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1425623 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
30266 | usd | |
CY2022Q3 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
553181 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
225271 | usd |
CY2022Q3 | us-gaap |
Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
|
565566 | usd |
CY2021Q4 | us-gaap |
Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
|
220914 | usd |
CY2022Q3 | SIDU |
Accrued Credit Cards
AccruedCreditCards
|
64899 | usd |
CY2021Q4 | SIDU |
Accrued Credit Cards
AccruedCreditCards
|
44510 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
70754 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
23016 | usd |
CY2022Q3 | SIDU |
Insurance Payable
InsurancePayable
|
154752 | usd |
CY2021Q4 | SIDU |
Insurance Payable
InsurancePayable
|
1331749 | usd |
CY2022Q3 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
1409152 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
1845460 | usd |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0483 | pure |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y4M24D | |
CY2022Q3 | SIDU |
Contract Assets Retainage Current
ContractAssetsRetainageCurrent
|
60932 | usd |
CY2022Q3 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
60932 | usd |
CY2022Q3 | SIDU |
Contract Liabilities Retainage Current
ContractLiabilitiesRetainageCurrent
|
60932 | usd |
CY2022Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
60932 | usd |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
251370 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
165934 | usd | |
CY2022Q3 | us-gaap |
Security Deposit
SecurityDeposit
|
10000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
70367 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
205987 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
63835 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
340189 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
10795 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
329394 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
229652 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
99742 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
527476 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
534652 | usd |
CY2021Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
54145 | usd |
CY2022Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
527476 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
588797 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
18115 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
797505 | usd | |
SIDU |
Debt Forgiveness Related Party
DebtForgivenessRelatedParty
|
1624755 | usd | |
CY2022Q1 | us-gaap |
Payments For Rent
PaymentsForRent
|
4570 | usd |
us-gaap |
Sublease Income
SubleaseIncome
|
42226 | usd | |
CY2021Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
36000000 | shares |
CY2021Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
1000000 | shares |
CY2021Q3 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
The Class B Common Stock is entitled to 10 votes for every 1 vote of the Class A Common Stock | |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
115000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
The Class B Common Stock is entitled to 10 votes for every 1 vote of the Class A Common Stock | |
CY2021Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
85000 | shares |
CY2021Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1362234 | usd |