2023 Q1 Form 10-Q Financial Statement
#000149315223016640 Filed on May 12, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q1 |
---|---|---|
Revenue | $2.264M | $1.799M |
YoY Change | 25.8% | |
Cost Of Revenue | $1.368M | $821.0K |
YoY Change | 66.61% | |
Gross Profit | $895.8K | $978.3K |
YoY Change | -8.44% | |
Gross Profit Margin | 39.57% | 54.37% |
Selling, General & Admin | $1.252M | $3.222M |
YoY Change | -61.14% | |
% of Gross Profit | 139.74% | 329.3% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $21.09K | $105.2K |
YoY Change | -79.95% | |
% of Gross Profit | 2.35% | 10.75% |
Operating Expenses | $3.542M | $3.243M |
YoY Change | 9.23% | |
Operating Profit | -$2.646M | -$2.264M |
YoY Change | 16.87% | |
Interest Expense | $187.5K | -$65.91K |
YoY Change | -384.52% | |
% of Operating Profit | ||
Other Income/Expense, Net | -$794.7K | |
YoY Change | ||
Pretax Income | -$3.441M | -$2.330M |
YoY Change | 47.66% | |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$3.400M | -$2.330M |
YoY Change | 45.9% | 1069.1% |
Net Earnings / Revenue | -150.2% | -129.51% |
Basic Earnings Per Share | -$0.12 | -$0.14 |
Diluted Earnings Per Share | -$0.12 | -$140.4K |
COMMON SHARES | ||
Basic Shares Outstanding | 29.71M shares | 16.60M shares |
Diluted Shares Outstanding | 297.1K shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.819M | $10.42M |
YoY Change | -72.95% | |
Cash & Equivalents | $2.819M | $10.42M |
Short-Term Investments | ||
Other Short-Term Assets | $16.38K | $2.016M |
YoY Change | -99.19% | |
Inventory | $806.3K | $158.8K |
Prepaid Expenses | ||
Receivables | $1.861M | $1.694M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $10.08M | $14.29M |
YoY Change | -29.43% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $3.699M | $1.653M |
YoY Change | 123.73% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $44.28K | $12.49K |
YoY Change | 254.48% | |
Total Long-Term Assets | $3.928M | $1.666M |
YoY Change | 135.77% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $10.08M | $14.29M |
Total Long-Term Assets | $3.928M | $1.666M |
Total Assets | $14.01M | $15.95M |
YoY Change | -12.18% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $3.543M | $2.419M |
YoY Change | 46.49% | |
Accrued Expenses | $168.4K | $266.5K |
YoY Change | -36.84% | |
Deferred Revenue | $60.93K | |
YoY Change | ||
Short-Term Debt | $1.138M | $1.000M |
YoY Change | 13.83% | |
Long-Term Debt Due | $1.688M | $51.07K |
YoY Change | 3205.01% | |
Total Short-Term Liabilities | $8.370M | $3.905M |
YoY Change | 114.34% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $2.317M |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $25.48K | $193.8K |
YoY Change | -86.85% | |
Total Long-Term Liabilities | $25.48K | $2.510M |
YoY Change | -98.99% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $8.370M | $3.905M |
Total Long-Term Liabilities | $25.48K | $2.510M |
Total Liabilities | $8.395M | $6.415M |
YoY Change | 30.86% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$31.70M | |
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $5.616M | $9.539M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $14.01M | $15.95M |
YoY Change | -12.18% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$3.400M | -$2.330M |
YoY Change | 45.9% | 1069.1% |
Depreciation, Depletion And Amortization | $21.09K | $105.2K |
YoY Change | -79.95% | |
Cash From Operating Activities | -$3.500M | -$2.453M |
YoY Change | 42.69% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $1.147M | -$541.3K |
YoY Change | -311.99% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$1.147M | -$541.3K |
YoY Change | 111.99% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $4.615M | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $5.159M | -297.1K |
YoY Change | -1836.18% | |
NET CHANGE | ||
Cash From Operating Activities | -$3.500M | -2.453M |
Cash From Investing Activities | -$1.147M | -541.3K |
Cash From Financing Activities | $5.159M | -297.1K |
Net Change In Cash | $523.5K | -3.291M |
YoY Change | -115.91% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$3.500M | -$2.453M |
Capital Expenditures | $1.147M | -$541.3K |
Free Cash Flow | -$4.647M | -$1.912M |
YoY Change | 143.13% |
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NetIncomeLoss
|
-3441059 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2330354 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.12 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
29714403 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16600707 | shares |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3875213 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4615465 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
566229 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3441059 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5615848 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10660071 | usd |
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 |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9538717 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3441059 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2330354 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
566229 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1209000 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3361 | usd |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
105211 | usd |
CY2023Q1 | SIDU |
Lease Liability Amortization
LeaseLiabilityAmortization
|
-2956 | usd |
CY2022Q1 | SIDU |
Lease Liability Amortization
LeaseLiabilityAmortization
|
-1218 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
621104 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
694170 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
138506 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
365012 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
222852 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
31272 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
60932 | usd |
CY2023Q1 | SIDU |
Increase Decrease In Contract With Customer Asset Related Party
IncreaseDecreaseInContractWithCustomerAssetRelatedParty
|
6877 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1122400 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
420502 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1515926 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
123573 | usd |
CY2023Q1 | SIDU |
Increase Decrease In Accounts Payable And Accrued Liabilities Related Party
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParty
|
-24645 | usd |
CY2022Q1 | SIDU |
Increase Decrease In Accounts Payable And Accrued Liabilities Related Party
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParty
|
15362 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
60932 | usd |
CY2023Q1 | SIDU |
Increase Decrease In Contract With Customer Liability Related Party
IncreaseDecreaseInContractWithCustomerLiabilityRelatedParty
|
-6877 | usd |
CY2022Q1 | SIDU |
Increase Decrease In Contract With Customer Liability Related Party
IncreaseDecreaseInContractWithCustomerLiabilityRelatedParty
|
63411 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3488006 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2452793 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1147409 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
541264 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1147409 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-541264 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4615465 | usd |
CY2023Q1 | us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
1857524 | usd |
CY2023Q1 | us-gaap |
Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
|
1221613 | usd |
CY2023Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
92483 | usd |
CY2022Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
34627 | usd |
CY2022Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
12513 | usd |
CY2022Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
250000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5158893 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-297140 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
523478 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3291197 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2295259 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
13710845 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2818737 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
10419648 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
48402 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1949 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
4597651 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
21091 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3400000 | usd |
CY2022 | us-gaap |
Noninterest Expense
NoninterestExpense
|
706000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3500000 | usd |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_841_eus-gaap--UseOfEstimates_zbfaPgdrigL8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86E_zvJQBomSpqqf">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; 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; 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. Examples of estimates and assumptions include: for revenue recognition, determining the nature and timing of satisfaction of performance obligations, the fair value of and/or potential impairment of property and equipment; product life cycles; useful lives of our property and equipment; allowances for doubtful accounts; the market value of, and demand for, our inventory; fair value calculation of warrant; and the potential outcome of uncertain tax positions that have been recognized in our consolidated financial statements or tax returns.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3476748 | usd |
CY2023Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2023Q1 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023Q1 | us-gaap |
Time Deposit Liability Above Us Insurance Limit
TimeDepositLiabilityAboveUsInsuranceLimit
|
2500000 | usd |
CY2023Q1 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
716789 | usd |
CY2022Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
994450 | usd |
CY2023Q1 | SIDU |
Prepaid Components
PrepaidComponents
|
1032038 | usd |
CY2022Q4 | SIDU |
Prepaid Components
PrepaidComponents
|
950679 | usd |
CY2023Q1 | SIDU |
Prepaid Satellite Services Licenses
PrepaidSatelliteServicesLicenses
|
2723946 | usd |
CY2022Q4 | SIDU |
Prepaid Satellite Services Licenses
PrepaidSatelliteServicesLicenses
|
1367125 | usd |
CY2023Q1 | SIDU |
Prepaid Software
PrepaidSoftware
|
108500 | usd |
CY2022Q4 | SIDU |
Prepaid Software
PrepaidSoftware
|
107000 | usd |
CY2023Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
16378 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
57494 | usd |
CY2023Q1 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
6325 | usd |
CY2022Q1 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
5875 | usd |
CY2023Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
806289 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
583437 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
7030556 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5883148 | usd |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3331516 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3328156 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3699040 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2554992 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3361 | usd |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
105211 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1147409 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
541264 | usd |
CY2023Q1 | SIDU |
Assetbased Loan Expense
AssetbasedLoanExpense
|
40933 | usd |
CY2023Q1 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
3001268 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
1483467 | usd |
CY2023Q1 | us-gaap |
Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
|
926011 | usd |
CY2022Q4 | us-gaap |
Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
|
820451 | usd |
CY2023Q1 | SIDU |
Accrued Credit Cards
AccruedCreditCards
|
74220 | usd |
CY2022Q4 | SIDU |
Accrued Credit Cards
AccruedCreditCards
|
44650 | usd |
CY2023Q1 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
175396 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
239110 | usd |
CY2023Q1 | SIDU |
Insurance Payable
InsurancePayable
|
573673 | usd |
CY2022Q4 | SIDU |
Insurance Payable
InsurancePayable
|
828167 | usd |
CY2023Q1 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
4750568 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
3415845 | usd |
CY2023Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
2000000 | usd |
CY2023Q1 | us-gaap |
Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
|
0.152 | pure |
CY2023Q1 | us-gaap |
Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
|
Additionally, in the event of default the Lender at its option can increase the loan interest rate by 5% per annum for each month or partial month default on outstanding balances. | |
CY2023Q1 | SIDU |
Assetbased Loan Liability
AssetbasedLoanLiability
|
1138260 | usd |
CY2022Q4 | SIDU |
Assetbased Loan Liability
AssetbasedLoanLiability
|
502349 | usd |
CY2023Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
92483 | usd |
CY2023Q1 | SIDU |
Contract Assets Retainage Current
ContractAssetsRetainageCurrent
|
60932 | usd |
CY2022Q4 | SIDU |
Contract Assets Retainage Current
ContractAssetsRetainageCurrent
|
60932 | usd |
CY2023Q1 | SIDU |
Related Party Contract Assets Retainage Current
RelatedPartyContractAssetsRetainageCurrent
|
21859 | usd |
CY2022Q4 | SIDU |
Related Party Contract Assets Retainage Current
RelatedPartyContractAssetsRetainageCurrent
|
14982 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
82791 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
75914 | usd |
CY2023Q1 | SIDU |
Contract Liabilities Retainage Current
ContractLiabilitiesRetainageCurrent
|
60932 | usd |
CY2022Q4 | SIDU |
Contract Liabilities Retainage Current
ContractLiabilitiesRetainageCurrent
|
60932 | usd |
CY2023Q1 | SIDU |
Related Party Contract Liabilities Retainage Current
RelatedPartyContractLiabilitiesRetainageCurrent
|
21859 | usd |
CY2022Q4 | SIDU |
Related Party Contract Liabilities Retainage Current
RelatedPartyContractLiabilitiesRetainageCurrent
|
14982 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
82791 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
75914 | usd |
CY2023Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
86387 | usd |
CY2022Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
84999 | usd |
CY2023Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
10000 | usd |
CY2022Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
10000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
134708 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
63835 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
198543 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4713 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
193830 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
168349 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
25481 | usd |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0491 | pure |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y18D | |
CY2022Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
34627 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
690000 | shares |
CY2023Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
1687870 | usd |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
1599150 | usd |
CY2022Q1 | us-gaap |
Payments For Rent
PaymentsForRent
|
4570 | usd |
CY2023 | us-gaap |
Payments For Rent
PaymentsForRent
|
4707 | usd |
CY2023Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
14401 | usd |
CY2022Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
13984 | usd |
CY2023Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
30000 | usd |
CY2022Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
30000 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
110000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q1 | 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. | |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Expense Or Revenue Recognized
ClassOfWarrantOrRightExpenseOrRevenueRecognized
|
Warrants equal to 4% of the number of securities issued by the Company in the offering were issued to the underwriter at an exercise price of 125% of the offering price per share | |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
690000 | shares |
CY2023Q1 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.375 | |
CY2023Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
566229 | usd |
CY2023Q1 | SIDU |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Contractual Term
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodContractualTerm
|
P5Y | |
CY2023Q1 | SIDU |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Contractual Term
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodContractualTerm
|
P5Y | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
14610000 | shares |
CY2023Q1 | SIDU |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.30 | |
CY2023Q1 | SIDU |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Exercised In Period Contractual Term
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodContractualTerm
|
P5Y | |
CY2023Q1 | SIDU |
Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
|
0.375 | |
CY2023Q1 | SIDU |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Outstanding In Period Contractual Term
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsOutstandingInPeriodContractualTerm
|
P4Y10M2D |