2024 Q4 Form 10-Q Financial Statement
#000165495424014461 Filed on November 14, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
Revenue | $23.58M | $15.65M | |
YoY Change | 50.67% | 30.9% | |
Cost Of Revenue | $17.00M | $12.07M | |
YoY Change | 40.83% | 22.28% | |
Gross Profit | $6.578M | $3.577M | |
YoY Change | 83.9% | 71.81% | |
Gross Profit Margin | 27.89% | 22.85% | |
Selling, General & Admin | $2.730M | $2.075M | |
YoY Change | 31.57% | -0.14% | |
% of Gross Profit | 41.5% | 58.01% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $702.0K | $620.0K | |
YoY Change | 13.23% | -14.72% | |
% of Gross Profit | 10.67% | 17.33% | |
Operating Expenses | $2.730M | $2.075M | |
YoY Change | 31.57% | -0.14% | |
Operating Profit | $3.848M | $1.502M | |
YoY Change | 156.19% | 37450.0% | |
Interest Expense | $56.00K | $64.00K | |
YoY Change | -12.5% | -7.25% | |
% of Operating Profit | 1.46% | 4.26% | |
Other Income/Expense, Net | -$4.000K | $11.00K | |
YoY Change | -136.36% | -200.0% | |
Pretax Income | $3.844M | $1.513M | |
YoY Change | 154.06% | -21714.29% | |
Income Tax | $694.0K | $247.0K | |
% Of Pretax Income | 18.05% | 16.33% | |
Net Earnings | $3.150M | $1.266M | |
YoY Change | 148.82% | 25220.0% | |
Net Earnings / Revenue | 13.36% | 8.09% | |
Basic Earnings Per Share | $0.59 | $0.24 | |
Diluted Earnings Per Share | $0.59 | $0.24 | |
COMMON SHARES | |||
Basic Shares Outstanding | 5.305M shares | 5.346M shares | 5.256M shares |
Diluted Shares Outstanding | 5.304M shares | 5.298M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $9.013M | $5.850M | |
YoY Change | 54.07% | -45.87% | |
Cash & Equivalents | $9.013M | $5.849M | |
Short-Term Investments | |||
Other Short-Term Assets | $979.0K | $1.270M | |
YoY Change | -22.91% | 104.18% | |
Inventory | $6.242M | $4.210M | |
Prepaid Expenses | $979.0K | $1.274M | |
Receivables | $17.82M | $16.84M | |
Other Receivables | $23.00K | $470.0K | |
Total Short-Term Assets | $34.99M | $29.89M | |
YoY Change | 17.06% | 2.93% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $31.19M | $27.41M | |
YoY Change | 13.78% | 13.44% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $444.0K | $350.0K | |
YoY Change | 26.86% | 43.44% | |
Total Long-Term Assets | $31.63M | $27.76M | |
YoY Change | 13.95% | 10.01% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $34.99M | $29.89M | |
Total Long-Term Assets | $31.63M | $27.76M | |
Total Assets | $66.63M | $57.65M | |
YoY Change | 15.56% | 6.22% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.427M | $5.476M | |
YoY Change | -0.89% | 19.64% | |
Accrued Expenses | $852.0K | $2.000M | |
YoY Change | -57.4% | 368.38% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | $651.0K | $630.0K | |
YoY Change | 3.33% | 1.78% | |
Total Short-Term Liabilities | $12.61M | $12.93M | |
YoY Change | -2.45% | 19.04% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $4.630M | $5.260M | |
YoY Change | -11.98% | -11.57% | |
Other Long-Term Liabilities | $7.401M | $3.570M | |
YoY Change | 107.31% | 37.63% | |
Total Long-Term Liabilities | $12.03M | $8.830M | |
YoY Change | 36.25% | 3.37% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $12.61M | $12.93M | |
Total Long-Term Liabilities | $12.03M | $8.830M | |
Total Liabilities | $26.29M | $23.84M | |
YoY Change | 10.29% | 11.63% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $32.67M | $26.17M | |
YoY Change | 24.87% | 1.97% | |
Common Stock | $54.00K | $54.00K | |
YoY Change | 0.0% | 1.89% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $40.34M | $33.82M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $66.63M | $57.65M | |
YoY Change | 15.56% | 6.22% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $3.150M | $1.266M | |
YoY Change | 148.82% | 25220.0% | |
Depreciation, Depletion And Amortization | $702.0K | $620.0K | |
YoY Change | 13.23% | -14.72% | |
Cash From Operating Activities | $3.873M | $2.380M | |
YoY Change | 62.73% | -467.28% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $2.039M | $1.160M | |
YoY Change | 75.78% | -165.28% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $22.00K | $50.00K | |
YoY Change | -56.0% | -94.79% | |
Cash From Investing Activities | -$2.017M | -$1.100M | |
YoY Change | 83.36% | 34.47% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -131.0K | -150.0K | |
YoY Change | -12.67% | -0.66% | |
NET CHANGE | |||
Cash From Operating Activities | 3.873M | 2.380M | |
Cash From Investing Activities | -2.017M | -1.100M | |
Cash From Financing Activities | -131.0K | -150.0K | |
Net Change In Cash | 1.725M | 1.130M | |
YoY Change | 52.65% | -169.88% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $3.873M | $2.380M | |
Capital Expenditures | $2.039M | $1.160M | |
Free Cash Flow | $1.834M | $1.220M | |
YoY Change | 50.33% | 8.06% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
525000 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
2329000 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
2821000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
1266000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9175000 | usd |
CY2024Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1077000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
806000 | usd |
CY2024Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
17822000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
17209000 | usd |
CY2024Q3 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
914000 | usd |
CY2024Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
2244000 | usd |
CY2024Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
3998000 | usd |
CY2024Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
979000 | usd |
CY2024Q3 | us-gaap |
Assets Current
AssetsCurrent
|
34993000 | usd |
CY2023Q4 | us-gaap |
Assets Current
AssetsCurrent
|
33325000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
27680000 | usd |
CY2024Q3 | us-gaap |
Other Assets
OtherAssets
|
444000 | usd |
CY2023Q4 | us-gaap |
Other Assets
OtherAssets
|
343000 | usd |
CY2024Q3 | us-gaap |
Assets
Assets
|
66626000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
61348000 | usd |
CY2024Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
5427000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
7336000 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
852000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
831000 | usd |
CY2024Q3 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
2792000 | usd |
CY2024Q3 | smid |
Accrued Compensation Current
AccruedCompensationCurrent
|
1381000 | usd |
CY2023Q4 | smid |
Accrued Compensation Current
AccruedCompensationCurrent
|
1203000 | usd |
CY2024Q3 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
0 | usd |
CY2023Q4 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
473000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
13000 | usd |
CY2024Q3 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
651000 | usd |
CY2023Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
636000 | usd |
CY2024Q3 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
1492000 | usd |
CY2023Q4 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
2779000 | usd |
CY2024Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
12608000 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
16018000 | usd |
CY2024Q3 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
7401000 | usd |
CY2023Q4 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
4424000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2000 | usd |
CY2024Q3 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
4630000 | usd |
CY2023Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
5092000 | usd |
CY2024Q3 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
1650000 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
1651000 | usd |
CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
8000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5346526 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5349599 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5304606 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5308679 | shares |
CY2024Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
54000 | usd |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
54000 | usd |
CY2024Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
7712000 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
7814000 | usd |
CY2024Q3 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
40920 | shares |
CY2024Q3 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
102000 | usd |
CY2023Q4 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
102000 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
32673000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
26395000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
40337000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
34161000 | usd |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
66626000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
61348000 | usd |
CY2024Q3 | us-gaap |
Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
|
14442000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
|
13685000 | usd |
CY2023Q4 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
525000 | usd |
CY2022Q4 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
990000 | usd |
CY2024Q3 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
914000 | usd |
CY2023Q3 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
1244000 | usd |
smid |
Amounts Invoiced In The Period From Amounts
AmountsInvoicedInThePeriodFromAmounts
|
428000 | usd | |
smid |
Amounts Invoiced In The Period From Amounts
AmountsInvoicedInThePeriodFromAmounts
|
986000 | usd | |
CY2023Q4 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
2779000 | usd |
CY2022Q4 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
737000 | usd |
CY2023Q3 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
2436000 | usd |
smid |
Revenue Recognized In The Period From Amounts
RevenueRecognizedInThePeriodFromAmounts
|
2684000 | usd | |
smid |
Revenue Recognized In The Period From Amounts
RevenueRecognizedInThePeriodFromAmounts
|
686000 | usd | |
CY2024Q3 | us-gaap |
Other Receivables
OtherReceivables
|
1368000 | usd |
CY2023Q4 | us-gaap |
Other Receivables
OtherReceivables
|
1310000 | usd |
CY2024Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1077000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
806000 | usd |
smid |
Change In Allowance Beginning Balance
ChangeInAllowanceBeginningBalance
|
806000 | usd | |
smid |
Change In Allowance Ending Balance
ChangeInAllowanceEndingBalance
|
1077000 | usd | |
us-gaap |
Revenues
Revenues
|
59977000 | usd | |
us-gaap |
Revenues
Revenues
|
43191000 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3150000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1266000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5304000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5256000 | shares |
CY2023Q3 | smid |
Weighted Average Number Of Shares Outstanding Dikuted
WeightedAverageNumberOfSharesOutstandingDikuted
|
5256000 | shares |
CY2024Q3 | smid |
Earning Per Share Basic
EarningPerShareBasic
|
0.59 | |
CY2023Q3 | smid |
Earning Per Share Basic
EarningPerShareBasic
|
0.24 | |
CY2024Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
3150000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
1266000 | usd |
CY2024Q3 | smid |
Weighted Average Number Of Shares Outstanding Dikuted
WeightedAverageNumberOfSharesOutstandingDikuted
|
5304000 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
42000 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5304000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5298000 | shares |
CY2024Q3 | smid |
Earning Per Share Diluted
EarningPerShareDiluted
|
0.59 | |
CY2023Q3 | smid |
Earning Per Share Diluted
EarningPerShareDiluted
|
0.24 | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1624000 | usd | |
CY2024Q3 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.0399 | pure |
us-gaap |
Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
|
27000 | usd | |
us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2030-03-27 | ||
CY2022Q1 | us-gaap |
Notes Payable To Bank
NotesPayableToBank
|
2805000 | usd |
CY2022Q1 | smid |
Note Payabe Interest Rate Percentage
NotePayabeInterestRatePercentage
|
0.0409 | pure |
CY2022Q1 | us-gaap |
Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
|
21000 | usd |
CY2022Q1 | us-gaap |
Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
|
2037-02-10 | |
CY2024Q3 | us-gaap |
Notes Payable
NotesPayable
|
2420000 | usd |
CY2024Q3 | smid |
Varying Loan Balance Amount
VaryingLoanBalanceAmount
|
16000 | usd |
CY2024Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
5000000 | usd |
us-gaap |
Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
|
2024-10-01 | ||
smid |
Bank To Pruchase Equipment
BankToPruchaseEquipment
|
5000000 | usd | |
smid |
Puchase Business Equipment
PuchaseBusinessEquipment
|
1500000 | usd | |
smid |
Commitment For Purchase Of Equipment For Note Payable Description
CommitmentForPurchaseOfEquipmentForNotePayableDescription
|
The commitment provided for the purchase of equipment for which a note payable will be executed with a term not to exceed five years with an interest rate at the Wall Street Journal prime rate plus 0.50% with a floor of 3.50% per annum | ||
CY2024Q3 | smid |
No Payment For Equipment
NoPaymentForEquipment
|
1500000 | usd |
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
19000 | usd |
CY2023Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
2717000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
43000 | usd |
CY2024Q3 | us-gaap |
Liabilities
Liabilities
|
26289000 | usd |
CY2023Q2 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
653000 | usd |
CY2024Q3 | smid |
Amounts Invoiced In The Period From Amounts
AmountsInvoicedInThePeriodFromAmounts
|
830000 | usd |
CY2023Q3 | smid |
Amounts Invoiced In The Period From Amounts
AmountsInvoicedInThePeriodFromAmounts
|
497000 | usd |
CY2024Q2 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
2581000 | usd |
CY2023Q2 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
2985000 | usd |
CY2024Q3 | smid |
Revenue Recognized In The Period From Amounts
RevenueRecognizedInThePeriodFromAmounts
|
2483000 | usd |
CY2023Q3 | smid |
Revenue Recognized In The Period From Amounts
RevenueRecognizedInThePeriodFromAmounts
|
2528000 | usd |
us-gaap |
Contract With Customer Receivable Credit Loss Expense Reversal
ContractWithCustomerReceivableCreditLossExpenseReversal
|
-417000 | usd | |
smid |
Provision For Other Credit Losses69
ProvisionForOtherCreditLosses69
|
688000 | usd | |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
15651000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
6278000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
565000 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5283000 | shares | |
smid |
Earning Per Share Basic
EarningPerShareBasic
|
1.18 | ||
smid |
Earning Per Share Basic
EarningPerShareBasic
|
0.11 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
6278000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
565000 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5256000 | shares | |
smid |
Weighted Average Number Of Shares Outstanding Dikuted
WeightedAverageNumberOfSharesOutstandingDikuted
|
5283000 | shares | |
smid |
Weighted Average Number Of Shares Outstanding Dikuted
WeightedAverageNumberOfSharesOutstandingDikuted
|
5256000 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
37000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5283000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5293000 | shares | |
smid |
Earning Per Share Diluted
EarningPerShareDiluted
|
1.18 | ||
smid |
Earning Per Share Diluted
EarningPerShareDiluted
|
0.11 | ||
us-gaap |
Officers Compensation
OfficersCompensation
|
579000 | usd | |
smid |
Additional Otherexpense
AdditionalOtherexpense
|
25000 | usd | |
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000924719 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
8000000 | shares |
CY2023Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
40920 | shares |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
1-13752 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Smith-Midland Corporation | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
54-1727060 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
5119 Catlett Road | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
P.O. Box 300 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Midland | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
VA | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
22728 | ||
dei |
City Area Code
CityAreaCode
|
540 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
439-3266 | ||
dei |
Security12b Title
Security12bTitle
|
Common Stock, $0.01 par value per share | ||
dei |
Trading Symbol
TradingSymbol
|
SMID | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2024Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
5304606 | shares |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9013000 | usd |
CY2024Q3 | smid |
Proceeds From Income Tax Refund
ProceedsFromIncomeTaxRefund
|
23000 | usd |
CY2023Q4 | smid |
Proceeds From Income Tax Refund
ProceedsFromIncomeTaxRefund
|
0 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
31189000 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
27187000 | usd |
CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2024Q3 | smid |
Revenue From Product Sales
RevenueFromProductSales
|
10753000 | usd |
CY2023Q3 | smid |
Revenue From Product Sales
RevenueFromProductSales
|
10898000 | usd |
smid |
Revenue From Product Sales
RevenueFromProductSales
|
34621000 | usd | |
smid |
Revenue From Product Sales
RevenueFromProductSales
|
29842000 | usd | |
CY2024Q3 | smid |
Revenue From Barrier Rentals
RevenueFromBarrierRentals
|
7053000 | usd |
CY2023Q3 | smid |
Revenue From Barrier Rentals
RevenueFromBarrierRentals
|
784000 | usd |
smid |
Revenue From Barrier Rentals
RevenueFromBarrierRentals
|
9303000 | usd | |
smid |
Revenue From Barrier Rentals
RevenueFromBarrierRentals
|
2604000 | usd | |
CY2024Q3 | smid |
Revenue From Royalty Income
RevenueFromRoyaltyIncome
|
958000 | usd |
CY2023Q3 | smid |
Revenue From Royalty Income
RevenueFromRoyaltyIncome
|
822000 | usd |
smid |
Revenue From Royalty Income
RevenueFromRoyaltyIncome
|
2403000 | usd | |
smid |
Revenue From Royalty Income
RevenueFromRoyaltyIncome
|
1827000 | usd | |
CY2024Q3 | smid |
Revenue From Shipping And Installation Revenue
RevenueFromShippingAndInstallationRevenue
|
4818000 | usd |
CY2023Q3 | smid |
Revenue From Shipping And Installation Revenue
RevenueFromShippingAndInstallationRevenue
|
3147000 | usd |
smid |
Revenue From Shipping And Installation Revenue
RevenueFromShippingAndInstallationRevenue
|
13650000 | usd | |
smid |
Revenue From Shipping And Installation Revenue
RevenueFromShippingAndInstallationRevenue
|
8918000 | usd | |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
23582000 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
15651000 | usd |
us-gaap |
Revenues
Revenues
|
59977000 | usd | |
us-gaap |
Revenues
Revenues
|
43191000 | usd | |
CY2024Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
17004000 | usd |
CY2023Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
12074000 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
44353000 | usd | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
35662000 | usd | |
CY2024Q3 | us-gaap |
Gross Profit
GrossProfit
|
6578000 | usd |
CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
3577000 | usd |
us-gaap |
Gross Profit
GrossProfit
|
15624000 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
7529000 | usd | |
CY2024Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1720000 | usd |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1187000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4938000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4420000 | usd | |
CY2024Q3 | us-gaap |
Selling Expense
SellingExpense
|
1010000 | usd |
CY2023Q3 | us-gaap |
Selling Expense
SellingExpense
|
888000 | usd |
us-gaap |
Selling Expense
SellingExpense
|
2655000 | usd | |
us-gaap |
Selling Expense
SellingExpense
|
2533000 | usd | |
CY2024Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
2730000 | usd |
CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
2075000 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
7593000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
6953000 | usd | |
CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3848000 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1502000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
8031000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
576000 | usd | |
CY2024Q3 | us-gaap |
Interest Expense
InterestExpense
|
56000 | usd |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
64000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
175000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
192000 | usd | |
CY2024Q3 | us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
22000 | usd |
CY2023Q3 | us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
6000 | usd |
us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
36000 | usd | |
us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
17000 | usd | |
CY2024Q3 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
16000 | usd |
CY2023Q3 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
53000 | usd |
us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
19000 | usd | |
us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
252000 | usd | |
CY2024Q3 | us-gaap |
Other Income
OtherIncome
|
14000 | usd |
CY2023Q3 | us-gaap |
Other Income
OtherIncome
|
16000 | usd |
us-gaap |
Other Income
OtherIncome
|
50000 | usd | |
us-gaap |
Other Income
OtherIncome
|
72000 | usd | |
CY2024Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-4000 | usd |
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
11000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-70000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
149000 | usd | |
CY2024Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3844000 | usd |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1513000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
7961000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
725000 | usd | |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
694000 | usd |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
247000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1683000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
160000 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3150000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1266000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
6278000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
565000 | usd | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.59 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.24 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.18 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.11 | ||
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5304000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5256000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5283000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5256000 | shares | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5304000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5298000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5283000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5293000 | shares | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
34161000 | usd |
CY2024Q1 | smid |
Vesting Of Restricted Stock Amount
VestingOfRestrictedStockAmount
|
5000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1147000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
35313000 | usd |
CY2024Q2 | smid |
Vesting Of Restricted Stock Amount
VestingOfRestrictedStockAmount
|
5000 | usd |
CY2024Q2 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
-117000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1981000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
37182000 | usd |
CY2024Q3 | smid |
Stock Granted Amount
StockGrantedAmount
|
0 | usd |
CY2024Q3 | smid |
Vesting Of Restricted Stock Amount
VestingOfRestrictedStockAmount
|
5000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3150000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
40337000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33055000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
85000 | usd |
CY2023Q1 | smid |
Adoption Of Asu Amount
AdoptionOfASUAmount
|
-63000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
80000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33157000 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
86000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-782000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
32461000 | usd |
CY2023Q3 | smid |
Restricted Stock Issued Amount
RestrictedStockIssuedAmount
|
0 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
91000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1266000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33818000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-6278000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-565000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1996000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1795000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
19000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
252000 | usd | |
us-gaap |
Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
|
271000 | usd | |
us-gaap |
Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
|
-53000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
40000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
261000 | usd | |
smid |
Restricted Stock Expenses
RestrictedStockExpenses
|
142000 | usd | |
smid |
Restricted Stock Expenses
RestrictedStockExpenses
|
0 | usd | |
us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-1000 | usd | |
us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
0 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
884000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
630000 | usd | |
us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
389000 | usd | |
us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
254000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1092000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
390000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-186000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
685000 | usd | |
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
23000 | usd | |
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-1000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-1909000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-340000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
21000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
383000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
3052000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
1288000 | usd | |
us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
178000 | usd | |
us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-14000 | usd | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-473000 | usd | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
89000 | usd | |
us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-1287000 | usd | |
us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
1699000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5803000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3463000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5543000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4131000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
25000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
252000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5518000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3879000 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
447000 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
461000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-447000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-461000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-162000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-877000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9175000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6726000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9013000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5849000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
175000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
192000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1558000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
6000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
478000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
2625000 | usd | |
CY2024Q2 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
927000 | usd |
CY2024Q3 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
1492000 | usd |
smid |
Royalty Payments Percentage Minimum
RoyaltyPaymentsPercentageMinimum
|
0.04 | pure | |
smid |
Royalty Payments Percentage Maximum
RoyaltyPaymentsPercentageMaximum
|
0.06 | pure | |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
23582000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">Historically, various customers have comprised greater than 10% of revenue during a given quarter or year. These customers are typically not the same quarter to quarter or year to year. The Company views revenue details by jobs, and not by customers. In the event a customer were to go out of business during a project, it is likely that the owner of the project would assign a new contractor to the job, and the Company would complete its scope of work. Therefore, the Company believes that it does not have a short-term vulnerability of severe impact to operations. In cases where customers are less than 10% of revenue, the Company assesses if there is a near term severe impact. The Company has determined that no customer, if lost, would result in a near term severe impact to the Company’s operations.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">For the three months ended September 30, 2024, the Company derived 17% of its revenue from one customer. For the nine months ended September 30, 2024 no customer made up 10% of the revenue for the Company. For the three and nine months ended September 30, 2023, the Company derived 28% and 15%, respectively, of its revenue from two separate customers. As of September 30, 2024, one customer’s outstanding receivable balance each equaled 15% of the total outstanding receivable balance. As of December 31, 2023, two customers’ outstanding receivable balance each equaled 10% of the total outstanding receivable balance.</p> | ||
CY2023 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1792000 | usd |
CY2023Q4 | us-gaap |
Notes Payable
NotesPayable
|
2525000 | usd |
CY2023Q4 | smid |
Varying Loan Balance Amount
VaryingLoanBalanceAmount
|
29000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
5000 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
40000 | usd | |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
90000 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
261000 | usd |