2023 Q1 Form 10-K Financial Statement

#000121390023022355 Filed on March 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $3.414M $13.11M $44.53M
YoY Change -66.98% 0.61% 64.68%
Cost Of Revenue $1.792M $4.754M $14.90M
YoY Change -43.81% 14.03% 48.24%
Gross Profit $1.622M $8.351M $29.63M
YoY Change -77.31% -5.7% 74.41%
Gross Profit Margin 47.51% 63.72% 66.53%
Selling, General & Admin $3.463M $3.020M $11.34M
YoY Change 39.02% 24.23% 20.2%
% of Gross Profit 213.5% 36.16% 38.26%
Research & Development $1.098M $1.158M $3.460M
YoY Change 50.82% 4.7% 0.7%
% of Gross Profit 67.69% 13.87% 11.68%
Depreciation & Amortization $73.00K $74.00K $315.0K
YoY Change -20.65% -47.52% -48.61%
% of Gross Profit 4.5% 0.89% 1.06%
Operating Expenses $4.561M $4.178M $14.80M
YoY Change 41.69% 18.12% 14.99%
Operating Profit -$2.939M $4.173M $14.83M
YoY Change -174.78% -21.55% 259.98%
Interest Expense -$243.0K $235.0K $380.0K
YoY Change -24400.0%
% of Operating Profit 5.63% 2.56%
Other Income/Expense, Net $243.0K $13.16M
YoY Change -98.1% -1316000.0%
Pretax Income -$2.696M $4.408M $27.99M
YoY Change -116.13% -17.11% 579.53%
Income Tax -$802.0K $1.577M $3.746M
% Of Pretax Income 35.78% 13.38%
Net Earnings -$1.894M $2.831M $24.24M
YoY Change -111.79% -46.77% 488.59%
Net Earnings / Revenue -55.48% 21.6% 54.44%
Basic Earnings Per Share -$0.12 $1.47
Diluted Earnings Per Share -$0.12 $0.17 $1.46
COMMON SHARES
Basic Shares Outstanding 16.40M shares 16.61M shares 16.48M shares
Diluted Shares Outstanding 16.25M shares 16.62M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.34M $25.52M $25.52M
YoY Change -41.09% 75.77% 75.77%
Cash & Equivalents $19.34M $25.52M $25.52M
Short-Term Investments
Other Short-Term Assets $10.65M $7.389M $7.389M
YoY Change 285.18% 160.45% 160.45%
Inventory $6.342M $3.501M $3.501M
Prepaid Expenses $6.261M
Receivables $12.73M $17.30M $17.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $49.07M $53.71M $53.71M
YoY Change 1.25% 71.9% 71.9%
LONG-TERM ASSETS
Property, Plant & Equipment $397.0K $1.239M $1.239M
YoY Change -74.62% 104.79% 60.08%
Goodwill
YoY Change
Intangibles $25.00K $50.00K
YoY Change -65.75%
Long-Term Investments
YoY Change
Other Assets $419.0K $1.737M $1.737M
YoY Change -88.92% 2216.0% 2216.0%
Total Long-Term Assets $4.329M $3.026M $3.026M
YoY Change -20.82% 204.12% 204.12%
TOTAL ASSETS
Total Short-Term Assets $49.07M $53.71M $53.71M
Total Long-Term Assets $4.329M $3.026M $3.026M
Total Assets $53.40M $56.74M $56.74M
YoY Change -0.98% 75.98% 75.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.928M $5.521M $5.521M
YoY Change 11.54% 36.05% 36.05%
Accrued Expenses $192.0K $190.0K $190.0K
YoY Change 3.78% 9.2% 9.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $6.166M $7.697M $7.697M
YoY Change -39.91% 29.08% 29.08%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $908.0K $969.0K $969.0K
YoY Change -24.9% 269.85% 269.85%
Total Long-Term Liabilities $908.0K $969.0K $969.0K
YoY Change -24.9% 269.85% 269.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.166M $7.697M $7.697M
Total Long-Term Liabilities $908.0K $969.0K $969.0K
Total Liabilities $7.074M $8.666M $8.666M
YoY Change -38.33% 39.21% 39.21%
SHAREHOLDERS EQUITY
Retained Earnings $4.408M $6.302M
YoY Change -135.12%
Common Stock $45.39M $45.20M
YoY Change 2.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.473M $3.433M
YoY Change 956.31%
Treasury Stock Shares 10.10K shares
Shareholders Equity $46.32M $48.07M $48.07M
YoY Change
Total Liabilities & Shareholders Equity $53.40M $56.74M $56.74M
YoY Change -0.98% 75.98% 75.98%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$1.894M $2.831M $24.24M
YoY Change -111.79% -46.77% 488.59%
Depreciation, Depletion And Amortization $73.00K $74.00K $315.0K
YoY Change -20.65% -47.52% -48.61%
Cash From Operating Activities -$5.997M -$10.11M -$1.412M
YoY Change -294.58% 468.15% 393.71%
INVESTING ACTIVITIES
Capital Expenditures $189.0K $10.00K $159.0K
YoY Change -529.55% -126.32% -224.22%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $15.00M
YoY Change -100.0% 5736.58%
Cash From Investing Activities -$189.0K -$10.00K $14.84M
YoY Change -101.26% -73.68% 11404.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $6.000K -1.934M -$2.428M
YoY Change -97.8% 3481.48% 951.08%
NET CHANGE
Cash From Operating Activities -$5.997M -10.11M -$1.412M
Cash From Investing Activities -$189.0K -10.00K $14.84M
Cash From Financing Activities $6.000K -1.934M -$2.428M
Net Change In Cash -$6.180M -12.06M $11.00M
YoY Change -133.75% 544.07% -2935.31%
FREE CASH FLOW
Cash From Operating Activities -$5.997M -$10.11M -$1.412M
Capital Expenditures $189.0K $10.00K $159.0K
Free Cash Flow -$6.186M -$10.12M -$1.571M
YoY Change -297.89% 481.11% 894.3%

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CY2021 us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
257000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
14841000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
129000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2999000 usd
CY2022 srts Withholding Taxes On Stock Compensations
WithholdingTaxesOnStockCompensations
109000 usd
CY2021 srts Withholding Taxes On Stock Compensations
WithholdingTaxesOnStockCompensations
15000 usd
CY2022 srts Paymentsfor Proceedsfrom Loanpayable
PaymentsforProceedsfromLoanpayable
51000 usd
CY2021 srts Paymentsfor Proceedsfrom Loanpayable
PaymentsforProceedsfromLoanpayable
216000 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
731000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2428000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-231000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
11001000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-388000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14519000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14907000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25520000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14519000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
2000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
2000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
4570000 usd
CY2022 srts Lease Liabilities Arising From Obtaining Rightofuseassets
LeaseLiabilitiesArisingFromObtainingRightofuseassets
1045000 usd
CY2021 srts Decrease In Operating Lease Rightofuse Asset And Operating Lease Liabilities
DecreaseInOperatingLeaseRightofuseAssetAndOperatingLeaseLiabilities
655000 usd
CY2022 srts Ppp Loanforgiveness Portions
PPPLoanforgivenessPortions
-48000 usd
CY2021 srts Ppp Loanforgiveness Portions
PPPLoanforgivenessPortions
-66000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-variant: small-caps"><b><i>Description of the Business</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sensus Healthcare, Inc. (together, with its subsidiary, unless the context otherwise indicates, “Sensus” or the “Company”) is a manufacturer of radiation therapy devices and sells the devices to healthcare providers globally through its distribution and marketing network. The Company operates as one segment from its corporate headquarters located in Boca Raton, Florida.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2022 us-gaap Line Of Credit Facility Description
LineOfCreditFacilityDescription
The Company has had a revolving credit facility with SVB that, as of December 31, 2021, provided for maximum borrowings equal to the lesser of (a) the $10 million commitment amount or (b) the borrowing base plus a $3 million non-formula sublimit. In April 2022, the term was extended to April 1, 2024, and the maximum borrowings were increased to the lesser of (a) the $15 million commitment amount or (b) the borrowing base plus a $7.5 million non-formula sublimit.
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-variant: small-caps"><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-variant: small-caps"><b><i> </i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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, including disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting periods. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2020Q4 us-gaap Deferred Revenue
DeferredRevenue
2071000 usd
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
3136000 usd
CY2021 srts Amounts Invoiced
AmountsInvoiced
2499000 usd
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
1434000 usd
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
4189000 usd
CY2022 srts Amounts Invoiced
AmountsInvoiced
3587000 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
832000 usd
CY2022Q4 srts Estimated Service Revenue Obligation Due In Third Year
EstimatedServiceRevenueObligationDueInThirdYear
648000 usd
CY2022Q4 srts Estimated Service Revenue Obligation Due In Fourth Year
EstimatedServiceRevenueObligationDueInFourthYear
96000 usd
CY2022Q4 srts Estimated Service Revenue Obligation Due In Five Year
EstimatedServiceRevenueObligationDueInFiveYear
23000 usd
CY2022Q4 srts Estimated Service Revenue Obligation Due In Six Year
EstimatedServiceRevenueObligationDueInSixYear
20000 usd
CY2022Q4 srts Estimated Service Revenue Obligation Due
EstimatedServiceRevenueObligationDue
787000 usd
CY2022 srts Revenue Term Year
RevenueTermYear
P1Y
CY2022Q4 us-gaap Other Borrowings
OtherBorrowings
15000000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-variant: small-caps"><b><i>Concentration</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of cash and cash equivalents and accounts receivable.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 10, 2023, Silicon Valley Bank (“SVB”) was closed by California and federal regulatory agencies. As a result of these actions, the FDIC established Silicon Valley Bridge Bank (the “Bridge Bank”). Based upon information available to us, we believe that the Bridge Bank has assumed all contracts SVB entered into prior to its failure, that the Bridge Bank is expected to continue to perform under those contracts, and that all counterparties are consequently expected to perform under those contracts.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">One customer in the U.S. accounted for approximately 73% and 57% of revenue for the years ended December 31, 2022 and 2021, respectively, and 91% and 94% of the accounts receivable as of December 31, 2022 and 2021, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 srts Number Of Customer
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1 pure
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.73 pure
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.57 pure
CY2022 srts Accounts Receivable Percentage
AccountsReceivablePercentage
0.91 pure
CY2021 srts Accounts Receivable Percentage
AccountsReceivablePercentage
0.94 pure
CY2022 srts Total Revenue
TotalRevenue
44532000 usd
CY2022 srts Total Revenue Percentage
TotalRevenuePercentage
1 pure
CY2021 srts Total Revenue
TotalRevenue
27042000 usd
CY2021 srts Total Revenue Percentage
TotalRevenuePercentage
1 pure
CY2022 us-gaap Line Of Credit Facility Borrowing Capacity Description
LineOfCreditFacilityBorrowingCapacityDescription
Interest on any borrowings, at Prime plus 0.75% (8.25% at December 31, 2022) and Prime plus 1.50% on non-formula borrowings (9% at December 31, 2022) is payable monthly, and the outstanding principal and interest are due on the maturity date.
CY2022 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0025 pure
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
107000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
69000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
145000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
78000 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
6337000 usd
CY2021Q4 us-gaap Deposit Assets
DepositAssets
2529000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
46000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
40000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
538000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
268000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
6921000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
2837000 usd
CY2020Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1022785 usd
CY2022Q2 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
The loan matured in April 2022 and provided for interest at the rate of 1% per annum.
CY2020 us-gaap Line Of Credit Facility Decrease Forgiveness1
LineOfCreditFacilityDecreaseForgiveness1
757782 usd
CY2022Q4 us-gaap Other Inventory
OtherInventory
48000 usd
CY2021Q4 us-gaap Other Inventory
OtherInventory
66000 usd
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 usd
CY2021 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
88000 usd
CY2022 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
871 usd
CY2021 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
460000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2374000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2816000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2131000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2211000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
243000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
605000 usd
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
257000 usd
CY2021 srts Impairment Of Intangible Asset Finite Lived
ImpairmentOfIntangibleAssetFiniteLived
88000 usd
CY2021 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
47000 usd
CY2022Q1 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
15000000 usd
CY2022Q4 us-gaap Cash
Cash
15000000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
1401000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
157000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
663000 usd
CY2022 srts Gain On Asset Sale
GainOnAssetSale
12779000 usd
CY2022 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
219000 usd
CY2021 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
509000 usd
CY2022Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
435000 usd
CY2021Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
88000 usd
CY2022Q4 us-gaap Forward Contract Indexed To Equity Settlement Share Fair Value Per Share
ForwardContractIndexedToEquitySettlementShareFairValuePerShare
6.4
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
338000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
88000 usd
CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
104000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
146000 usd
CY2022 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
96000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
50000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
96000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
104000 usd
CY2022 us-gaap Present Value Of Future Insurance Profits Weighted Average Amortization Period
PresentValueOfFutureInsuranceProfitsWeightedAverageAmortizationPeriod
P0Y8M12D
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
49000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
50000 usd
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
187000 usd
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
530000 usd
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
209000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
508000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
722000 usd
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
827000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
403000 usd
CY2022 srts Lessee Operating Leases Liability To Be Paid
LesseeOperatingLeasesLiabilityToBePaid
1156000 usd
CY2022 us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.05 pure
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
194000 usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
208000 usd
CY2022Q4 srts Operating Leases Future Minimum Payments Due2022
OperatingLeasesFutureMinimumPaymentsDue2022
221000 usd
CY2022Q4 srts Operating Leases Future Minimum Payment Due In Two Years
OperatingLeasesFutureMinimumPaymentDueInTwoYears
238000 usd
CY2022Q4 srts Operating Leases Future Minimum Payment Due In Three Years
OperatingLeasesFutureMinimumPaymentDueInThreeYears
245000 usd
CY2022Q4 srts Operating Leases Future Minimum Payment Due In Four Years
OperatingLeasesFutureMinimumPaymentDueInFourYears
253000 usd
CY2022Q4 srts Operating Leases Future Minimum Payment Due In Five Years
OperatingLeasesFutureMinimumPaymentDueInFiveYears
194000 usd
CY2022Q4 srts Operating Leases Future Minimum Payments Due Total Undiscounted Operating Leases Payments
OperatingLeasesFutureMinimumPaymentsDueTotalUndiscountedOperatingLeasesPayments
1151000 usd
CY2022Q4 srts Operating Lease Imputed Interest
OperatingLeaseImputedInterest
131000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1020000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2022 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
199000 usd
CY2021 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
331000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
255000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
335000 usd
CY2022Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2022Q4 srts Restricted Vest Percentage
RestrictedVestPercentage
0.25 pure
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
97884 shares
CY2022 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
22900000 usd
CY2021 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
5900000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1500000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1200000 usd
CY2022 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
95000 usd
CY2021 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
98000 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
131450 shares
CY2022 us-gaap Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
5.55
CY2022Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
10096 shares
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
425209 shares
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3000000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
58973 shares
CY2020Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
35000 shares
CY2020Q1 us-gaap Forward Contract Indexed To Equity Settlement Share Fair Value Per Share
ForwardContractIndexedToEquitySettlementShareFairValuePerShare
4.11
CY2020Q1 srts Restricted Vest Percentage
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0.25 pure
CY2021Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
130000 shares
CY2021Q3 us-gaap Forward Contract Indexed To Equity Settlement Share Fair Value Per Share
ForwardContractIndexedToEquitySettlementShareFairValuePerShare
3.84
CY2021Q3 srts Restricted Vest Percentage
RestrictedVestPercentage
0.25 pure
CY2021Q3 srts Restricted Grant Percentage
RestrictedGrantPercentage
0.25 pure
CY2022Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
77000 shares
CY2022 srts Weighted Average Remaining Contractual Term In Years Granted
WeightedAverageRemainingContractualTermInYearsGranted
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
37500 shares
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
4.17
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
130000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.84
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
43750 shares
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
3.96
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
123750 shares
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
3.9
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
77000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.4
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
41250 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
3.9
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
159500 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
5.11
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
0 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
0 usd
CY2022 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
709000 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y1M13D
CY2022 srts Stock Options Expire Grant Date
StockOptionsExpireGrantDate
P10Y
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
229334 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.55
CY2020Q4 srts Sharebased Compensation Arrangement By Sharebased Payments Award Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentsAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P7Y25D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
229334 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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