2024 Q4 Form 10-Q Financial Statement

#000165495424012988 Filed on October 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $3.581M $2.579M
YoY Change 38.85% 17.92%
Cost Of Revenue $2.843M $1.682M
YoY Change 69.02% 13.19%
Gross Profit $738.0K $897.0K
YoY Change -17.73% 27.96%
Gross Profit Margin 20.61% 34.78%
Selling, General & Admin $688.0K $614.0K
YoY Change 12.05% 23.05%
% of Gross Profit 93.22% 68.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $195.0K $121.0K
YoY Change 61.16% 77.94%
% of Gross Profit 26.42% 13.49%
Operating Expenses $688.0K $614.0K
YoY Change 12.05% 23.05%
Operating Profit $50.00K $283.0K
YoY Change -82.33% 40.1%
Interest Expense $77.00K $26.00K
YoY Change 196.15% -3.7%
% of Operating Profit 154.0% 9.19%
Other Income/Expense, Net -$83.00K
YoY Change -173.45%
Pretax Income $23.00K $200.0K
YoY Change -88.5% -36.51%
Income Tax $6.000K $0.00
% Of Pretax Income 26.09% 0.0%
Net Earnings $17.00K $200.0K
YoY Change -91.5% -36.51%
Net Earnings / Revenue 0.47% 7.75%
Basic Earnings Per Share
Diluted Earnings Per Share $0.01 $0.10
COMMON SHARES
Basic Shares Outstanding 2.083M shares 2.083M shares 2.083M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.204M $1.849M
YoY Change 127.37% -1.91%
Cash & Equivalents $3.303M $1.098M
Short-Term Investments $901.0K $751.0K
Other Short-Term Assets $592.0K $3.285M
YoY Change -81.98% 628.38%
Inventory $4.221M $2.076M
Prepaid Expenses
Receivables $2.197M $952.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $11.21M $8.162M
YoY Change 37.39% -2.96%
LONG-TERM ASSETS
Property, Plant & Equipment $8.841M $7.218M
YoY Change 22.49% 46.47%
Goodwill
YoY Change
Intangibles $3.009M
YoY Change
Long-Term Investments
YoY Change
Other Assets $151.0K $14.00K
YoY Change 978.57% 0.0%
Total Long-Term Assets $13.69M $7.232M
YoY Change 89.24% 2.92%
TOTAL ASSETS
Total Short-Term Assets $11.21M $8.162M
Total Long-Term Assets $13.69M $7.232M
Total Assets $24.90M $15.39M
YoY Change 61.75% -0.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $819.0K $373.0K
YoY Change 119.57% 96.32%
Accrued Expenses $990.0K $946.0K
YoY Change 4.65% 12.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $146.0K $109.0K
YoY Change 33.94% -3.54%
Total Short-Term Liabilities $2.723M $1.505M
YoY Change 80.93% 24.48%
LONG-TERM LIABILITIES
Long-Term Debt $3.841M $2.593M
YoY Change 48.13% -4.03%
Other Long-Term Liabilities $662.0K
YoY Change
Total Long-Term Liabilities $4.503M $2.593M
YoY Change 73.66% -4.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.723M $1.505M
Total Long-Term Liabilities $4.503M $2.593M
Total Liabilities $7.226M $4.098M
YoY Change 76.33% 4.78%
SHAREHOLDERS EQUITY
Retained Earnings $17.23M $10.85M
YoY Change 58.77% -2.08%
Common Stock $21.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.412M $1.412M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $17.67M $11.30M
YoY Change
Total Liabilities & Shareholders Equity $24.90M $15.39M
YoY Change 61.75% -0.29%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $17.00K $200.0K
YoY Change -91.5% -36.51%
Depreciation, Depletion And Amortization $195.0K $121.0K
YoY Change 61.16% 77.94%
Cash From Operating Activities $835.0K $974.0K
YoY Change -14.27% -324.42%
INVESTING ACTIVITIES
Capital Expenditures $12.00K $90.00K
YoY Change -86.67% -122.73%
Acquisitions
YoY Change
Other Investing Activities $109.0K $1.645M
YoY Change -93.37% -162.71%
Cash From Investing Activities $97.00K $1.555M
YoY Change -93.76% -151.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -33.00K -26.00K
YoY Change 26.92% 4.0%
NET CHANGE
Cash From Operating Activities 835.0K 974.0K
Cash From Investing Activities 97.00K 1.555M
Cash From Financing Activities -33.00K -26.00K
Net Change In Cash 899.0K 2.503M
YoY Change -64.08% -171.97%
FREE CASH FLOW
Cash From Operating Activities $835.0K $974.0K
Capital Expenditures $12.00K $90.00K
Free Cash Flow $823.0K $884.0K
YoY Change -6.9% -2426.32%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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PreferredStockParOrStatedValuePerShare
0.01
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us-gaap Available For Sale Debt Securities Gross Unrealized Gain
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us-gaap Available For Sale Debt Securities Gross Unrealized Loss
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CY2024 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
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us-gaap Concentration Risk Credit Risk
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Financial instruments, which potentially subject the Company to concentration of credit risk, consist principally of cash and account receivables.  The Company places its cash with high credit quality institutions.  At times, such amounts may be in excess of the Federal Deposit Insurance Corporation (“FDIC”) insurance limits.  The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on the accounts.  As of August 31, 2024, all non-interest bearing checking accounts were FDIC insured to a limit of $250,000. Deposits in excess of FDIC insured limits were approximately $1,091,000 at August 31, 2024, as compared to $1,007,000 at February 29, 2024.  With respect to the account receivables, most of the Company’s products are custom made pursuant to contracts with customers whose end-products are sold to the United States Government.  The Company performs ongoing credit evaluations of its customers’ financial condition and maintains allowances for potential credit losses.  Actual losses and allowances have historically been within management’s expectations.  </p>
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The consolidated condensed financial statements are prepared in accordance with U.S. GAAP. Preparation of these consolidated condensed financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses and related disclosures. The Company bases its estimates on historical experience and on various other assumptions that it believes to be reasonable. The Company could have reasonably used different accounting estimates.  This applies in particular to inventory and valuation allowance for deferred tax assets.  Actual results could differ significantly from our estimates. To the extent that there are material differences between these estimates and actual results, the Company’s future financial statement presentation, financial condition, results of operations and cash flows will be affected.</p>
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200000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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824000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000 usd
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IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
218000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q3 us-gaap Profit Loss
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17000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
200000 usd
us-gaap Profit Loss
ProfitLoss
606000 usd
us-gaap Profit Loss
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dei Entity Central Index Key
EntityCentralIndexKey
0000091668
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-29
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2025
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PreferredStockParOrStatedValuePerShare
0.01
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500000 shares
CY2024Q1 us-gaap Preferred Stock Shares Issued
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CY2024Q3 us-gaap Preferred Stock Shares Issued
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0 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
0 usd
CY2024Q1 sodi Allowancefor Credit Losses For Accounts Receivable
AllowanceforCreditLossesForAccountsReceivable
0 usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-08-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-04978
dei Entity Registrant Name
EntityRegistrantName
SOLITRON DEVICES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
22-1684144
dei Entity Address Address Line1
EntityAddressAddressLine1
901 Sansburys Way
dei Entity Address City Or Town
EntityAddressCityOrTown
West Palm Beach
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33411
dei City Area Code
CityAreaCode
561
dei Local Phone Number
LocalPhoneNumber
848‑4311
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
2083436 shares
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q3 us-gaap Marketable Securities Current
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901000 usd
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BusinessCombinationContingentConsiderationLiabilityCurrent
751000 usd
CY2024Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
487827 shares
CY2024Q3 us-gaap Revenues
Revenues
3581000 usd
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Revenues
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us-gaap Revenues
Revenues
7548000 usd
us-gaap Revenues
Revenues
4617000 usd
CY2024Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2843000 usd
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1682000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5135000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3113000 usd
CY2024Q3 us-gaap Gross Profit
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738000 usd
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897000 usd
us-gaap Gross Profit
GrossProfit
2413000 usd
us-gaap Gross Profit
GrossProfit
1504000 usd
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688000 usd
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SellingGeneralAndAdministrativeExpense
614000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1571000 usd
us-gaap Selling General And Administrative Expense
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1156000 usd
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OperatingIncomeLoss
50000 usd
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OperatingIncomeLoss
283000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
842000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
348000 usd
CY2024Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
1000 usd
CY2023Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
6000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
6000 usd
us-gaap Interest And Other Income
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20000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
77000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
127000 usd
us-gaap Interest Expense
InterestExpense
53000 usd
CY2024Q3 us-gaap Dividend Income Operating
DividendIncomeOperating
6000 usd
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DividendIncomeOperating
18000 usd
us-gaap Dividend Income Operating
DividendIncomeOperating
22000 usd
us-gaap Dividend Income Operating
DividendIncomeOperating
19000 usd
CY2024Q3 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
22000 usd
CY2023Q3 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
210000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
33000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
332000 usd
CY2024Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
21000 usd
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UnrealizedGainLossOnInvestments
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us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
48000 usd
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UnrealizedGainLossOnInvestments
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CY2024Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
27000 usd
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OtherNonoperatingIncome
83000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
18000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
319000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
200000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
824000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000 usd
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IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
218000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
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ProfitLoss
17000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
200000 usd
us-gaap Profit Loss
ProfitLoss
606000 usd
us-gaap Profit Loss
ProfitLoss
29000 usd
CY2024Q3 sodi Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.01
CY2023Q3 sodi Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.10
sodi Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.29
sodi Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.01
CY2024Q3 sodi Weighted Average Number Of Shar Outstanding Basic And Diluted
WeightedAverageNumberOfSharOutstandingBasicAndDiluted
2083436 shares
CY2023Q3 sodi Weighted Average Number Of Shar Outstanding Basic And Diluted
WeightedAverageNumberOfSharOutstandingBasicAndDiluted
2083436 shares
sodi Weighted Average Number Of Shar Outstanding Basic And Diluted
WeightedAverageNumberOfSharOutstandingBasicAndDiluted
2083436 shares
sodi Weighted Average Number Of Shar Outstanding Basic And Diluted
WeightedAverageNumberOfSharOutstandingBasicAndDiluted
2083436 shares
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
11267000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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StockholdersEquity
11096000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
200000 usd
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StockholdersEquity
11296000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
589000 usd
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StockholdersEquity
17657000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
17000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
17674000 usd
us-gaap Profit Loss
ProfitLoss
606000 usd
us-gaap Profit Loss
ProfitLoss
29000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
244000 usd
sodi Maturities Of Short Term Investments
MaturitiesOfShortTermInvestments
0 usd
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MaturitiesOfShortTermInvestments
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us-gaap Interest Paid Net
InterestPaidNet
53000 usd
CY2024Q3 sodi Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.01
CY2023Q3 sodi Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.10
sodi Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.29
sodi Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.01
CY2024Q3 sodi Weighted Average Number Of Shar Outstanding Basic And Diluted
WeightedAverageNumberOfSharOutstandingBasicAndDiluted
2083436 shares
CY2023Q3 sodi Weighted Average Number Of Shar Outstanding Basic And Diluted
WeightedAverageNumberOfSharOutstandingBasicAndDiluted
2083436 shares
sodi Weighted Average Number Of Shar Outstanding Basic And Diluted
WeightedAverageNumberOfSharOutstandingBasicAndDiluted
2083436 shares
sodi Weighted Average Number Of Shar Outstanding Basic And Diluted
WeightedAverageNumberOfSharOutstandingBasicAndDiluted
2083436 shares
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
11267000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
11096000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
200000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
11296000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
17068000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
589000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
17657000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
17000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
17674000 usd
us-gaap Profit Loss
ProfitLoss
606000 usd
us-gaap Profit Loss
ProfitLoss
29000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
277000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
105000 usd
sodi Maturities Of Short Term Investments
MaturitiesOfShortTermInvestments
0 usd
sodi Maturities Of Short Term Investments
MaturitiesOfShortTermInvestments
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us-gaap Interest Paid Net
InterestPaidNet
61000 usd
CY2024Q3 us-gaap Short Term Investments
ShortTermInvestments
98000 usd
CY2024Q1 us-gaap Short Term Investments
ShortTermInvestments
86000 usd
CY2024Q3 us-gaap Short Term Investments
ShortTermInvestments
98000 usd
CY2024Q1 us-gaap Short Term Investments
ShortTermInvestments
86000 usd
CY2024Q1 us-gaap Cash Uninsured Amount
CashUninsuredAmount
1007000 usd
CY2024Q3 sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Beginning Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsBeginningBalance
363000 usd
sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Beginning Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsBeginningBalance
471000 usd
sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Beginning Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsBeginningBalance
471000 usd
CY2024Q1 us-gaap Cash Uninsured Amount
CashUninsuredAmount
1007000 usd
CY2024Q3 sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Beginning Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsBeginningBalance
363000 usd
sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Beginning Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsBeginningBalance
471000 usd
sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Beginning Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsBeginningBalance
471000 usd
CY2023Q3 sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Beginning Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsBeginningBalance
471000 usd
CY2024Q3 sodi Accrued Allowances
AccruedAllowances
0 usd
CY2023Q3 sodi Issuance Of Credit
IssuanceOfCredit
0 usd
sodi Accrued Allowances
AccruedAllowances
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sodi Accrued Allowances
AccruedAllowances
0 usd
CY2024Q3 sodi Issuance Of Credit
IssuanceOfCredit
0 usd
CY2023Q3 sodi Accrued Allowances
AccruedAllowances
0 usd
sodi Issuance Of Credit
IssuanceOfCredit
0 usd
sodi Issuance Of Credit
IssuanceOfCredit
0 usd
CY2024Q3 sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Ending Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsEndingBalance
363000 usd
CY2023Q3 sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Ending Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsEndingBalance
471000 usd
sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Ending Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsEndingBalance
363000 usd
sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Ending Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsEndingBalance
471000 usd
CY2024Q3 us-gaap Other Inventory
OtherInventory
1356000 usd
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OtherInventory
1454000 usd
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InventoryGross
9069000 usd
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InventoryValuationReserves
4848000 usd
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InventoryNet
4221000 usd
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InventoryGross
8916000 usd
CY2024Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4784000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
4132000 usd
CY2024Q3 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
257000 usd
CY2024Q1 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
332000 usd
sodi Description Of Inventory Reserve
DescriptionOfInventoryReserve
100% of the wafer bank inventory consisted of wafers manufactured between calendar year 2018 and 2022
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RevenueFromContractWithCustomerIncludingAssessedTax
3581000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2579000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
7548000 usd
CY2023Q3 sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Beginning Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsBeginningBalance
471000 usd
CY2024Q3 sodi Accrued Allowances
AccruedAllowances
0 usd
CY2023Q3 sodi Issuance Of Credit
IssuanceOfCredit
0 usd
sodi Accrued Allowances
AccruedAllowances
-108000 usd
sodi Accrued Allowances
AccruedAllowances
0 usd
CY2024Q3 sodi Issuance Of Credit
IssuanceOfCredit
0 usd
CY2023Q3 sodi Accrued Allowances
AccruedAllowances
0 usd
sodi Issuance Of Credit
IssuanceOfCredit
0 usd
sodi Issuance Of Credit
IssuanceOfCredit
0 usd
CY2024Q3 sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Ending Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsEndingBalance
363000 usd
CY2023Q3 sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Ending Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsEndingBalance
471000 usd
sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Ending Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsEndingBalance
363000 usd
sodi Revenue Recognitions Sales Returns Reserve For Sales Returns Ending Balance
RevenueRecognitionsSalesReturnsReserveForSalesReturnsEndingBalance
471000 usd
CY2024Q3 us-gaap Other Inventory
OtherInventory
1356000 usd
CY2024Q1 us-gaap Other Inventory
OtherInventory
1454000 usd
CY2024Q3 us-gaap Inventory Gross
InventoryGross
9069000 usd
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4848000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
4221000 usd
CY2024Q1 us-gaap Inventory Gross
InventoryGross
8916000 usd
CY2024Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4784000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
4132000 usd
CY2024Q3 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
257000 usd
CY2024Q1 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
332000 usd
sodi Description Of Inventory Reserve
DescriptionOfInventoryReserve
100% of the wafer bank inventory consisted of wafers manufactured between calendar year 2018 and 2022
CY2024Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3581000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2579000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
7548000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4617000 usd
CY2024Q3 sodi Concentration Risks Percentage One
ConcentrationRisksPercentageOne
0.83 pure
CY2023Q3 sodi Concentration Risks Percentage One
ConcentrationRisksPercentageOne
0.71 pure
CY2024Q3 sodi Concentration Risk Suppliers
ConcentrationRiskSuppliers
0.10 pure
CY2023Q3 sodi Concentration Risk Suppliers
ConcentrationRiskSuppliers
0.10 pure
sodi Concentration Risk Suppliers
ConcentrationRiskSuppliers
0.10 pure
sodi Concentration Risk Suppliers
ConcentrationRiskSuppliers
0.10 pure
CY2024Q3 sodi Finance Lease Right Of Use Assets
FinanceLeaseRightOfUseAssets
1750000 usd
CY2024 us-gaap Effect On Future Cash Flows Amount
EffectOnFutureCashFlowsAmount
1750000 usd
CY2024 sodi Effect On Future Cash Flows Amount Gross
EffectOnFutureCashFlowsAmountGross
1750000 usd
CY2024 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 usd
CY2024 sodi Finance Lease Liabilities After Lease Expense
FinanceLeaseLiabilitiesAfterLeaseExpense
1750000 usd
CY2023Q3 sodi Finance Lease Right Of Use Assets Beginning Balance
FinanceLeaseRightOfUseAssetsBeginningBalance
1744000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
29000 usd
CY2024Q1 sodi Total Finance Lease Right Of Use Asset Ending Balance
TotalFinanceLeaseRightOfUseAssetEndingBalance
1715000 usd
CY2024Q1 sodi Finance Lease Liability Short Term
FinanceLeaseLiabilityShortTerm
1750000 usd
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1750000 usd
us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
1400000 usd
sodi Installment Payment
InstallmentPayment
10444 usd
CY2024Q3 us-gaap Federal Home Loan Bank Advances Interest Rate
FederalHomeLoanBankAdvancesInterestRate
0.0639 pure
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4617000 usd
CY2024Q3 sodi Concentration Risks Percentage One
ConcentrationRisksPercentageOne
0.83 pure
CY2023Q3 sodi Concentration Risks Percentage One
ConcentrationRisksPercentageOne
0.71 pure
CY2024Q3 sodi Concentration Risk Suppliers
ConcentrationRiskSuppliers
0.10 pure
CY2023Q3 sodi Concentration Risk Suppliers
ConcentrationRiskSuppliers
0.10 pure
sodi Concentration Risk Suppliers
ConcentrationRiskSuppliers
0.10 pure
sodi Concentration Risk Suppliers
ConcentrationRiskSuppliers
0.10 pure
CY2024Q3 sodi Finance Lease Right Of Use Assets
FinanceLeaseRightOfUseAssets
1750000 usd
CY2024 us-gaap Effect On Future Cash Flows Amount
EffectOnFutureCashFlowsAmount
1750000 usd
CY2024 sodi Effect On Future Cash Flows Amount Gross
EffectOnFutureCashFlowsAmountGross
1750000 usd
CY2024 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 usd
CY2024 sodi Finance Lease Liabilities After Lease Expense
FinanceLeaseLiabilitiesAfterLeaseExpense
1750000 usd
CY2023Q3 sodi Finance Lease Right Of Use Assets Beginning Balance
FinanceLeaseRightOfUseAssetsBeginningBalance
1744000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
29000 usd
CY2024Q1 sodi Total Finance Lease Right Of Use Asset Ending Balance
TotalFinanceLeaseRightOfUseAssetEndingBalance
1715000 usd
CY2024Q1 sodi Finance Lease Liability Short Term
FinanceLeaseLiabilityShortTerm
1750000 usd
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1750000 usd
us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
1400000 usd
sodi Installment Payment
InstallmentPayment
10444 usd
CY2024Q3 us-gaap Federal Home Loan Bank Advances Interest Rate
FederalHomeLoanBankAdvancesInterestRate
0.0639 pure
sodi Notes Payable Table Textblock
NotesPayableTableTextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Total </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Principal </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Payments</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">2025</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">73</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">2026</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">152</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">2027</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">159</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">2028</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">166</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">2029</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">174</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">thereafter</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">3,263</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">Total principal payments</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,987</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
73 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
152 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
159 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
166 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
174 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
3263 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3987 usd
sodi Notes Payable Table Textblock
NotesPayableTableTextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Total </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Principal </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Payments</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">2025</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">73</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">2026</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">152</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">2027</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">159</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">2028</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">166</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">2029</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">174</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">thereafter</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">3,263</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">Total principal payments</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,987</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
73 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
152 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
159 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
166 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
174 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
3263 usd

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