2024 Q1 Form 10-K Financial Statement
#000121390024025140 Filed on March 22, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $6.851M | $1.363M | $5.880M |
YoY Change | |||
Cost Of Revenue | $3.873M | $1.545M | $5.166M |
YoY Change | 287.26% | 389.32% | 354.99% |
Gross Profit | $2.978M | -$181.7K | $713.4K |
YoY Change | 482.52% | -42.44% | -162.83% |
Gross Profit Margin | 43.46% | -13.33% | 12.13% |
Selling, General & Admin | $2.611M | $15.27M | $5.165M |
YoY Change | 84.27% | 1581.57% | 316.78% |
% of Gross Profit | 87.69% | 723.91% | |
Research & Development | $396.1K | $576.2K | $576.2K |
YoY Change | 689.71% | 689.71% | |
% of Gross Profit | 13.3% | 80.76% | |
Depreciation & Amortization | $77.19K | -$64.60K | $162.6K |
YoY Change | 3285.48% | -2933.33% | 1679.25% |
% of Gross Profit | 2.59% | 22.79% | |
Operating Expenses | $5.696M | $15.85M | $21.38M |
YoY Change | 176.89% | 1515.25% | 773.58% |
Operating Profit | -$2.718M | -$16.03M | -$20.67M |
YoY Change | 75.83% | 1136.04% | 476.83% |
Interest Expense | $183.2K | -$208.3K | $523.4K |
YoY Change | 170.63% | 357.97% | 1049.5% |
% of Operating Profit | |||
Other Income/Expense, Net | -$80.27K | $120.0K | -$273.6K |
YoY Change | -252.18% | -29.4% | -216.63% |
Pretax Income | -$2.798M | -$16.12M | -$20.94M |
YoY Change | 39.62% | 1274.82% | 846.31% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$2.798M | -$16.12M | -$20.94M |
YoY Change | 39.62% | 1274.82% | 846.31% |
Net Earnings / Revenue | -40.85% | -1182.44% | -356.17% |
Basic Earnings Per Share | -$0.02 | -$0.16 | |
Diluted Earnings Per Share | -$0.02 | -$0.10 | -$0.16 |
COMMON SHARES | |||
Basic Shares Outstanding | 170.7M shares | 169.1M shares | |
Diluted Shares Outstanding | 170.7M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $948.2K | $2.022M | $2.022M |
YoY Change | 111.39% | 49.65% | 49.65% |
Cash & Equivalents | $948.2K | $2.022M | $2.022M |
Short-Term Investments | |||
Other Short-Term Assets | $8.450M | $8.386M | $8.386M |
YoY Change | 97255.18% | 96511.75% | 96511.75% |
Inventory | $6.162M | $6.327M | $6.327M |
Prepaid Expenses | |||
Receivables | $4.226M | $1.647M | $1.647M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $19.79M | $18.38M | $18.38M |
YoY Change | 262.58% | 321.62% | 321.62% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.062M | $790.2K | $2.990M |
YoY Change | 22505.22% | 6831.87% | 26124.39% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | $0.00 | |
YoY Change | |||
Total Long-Term Assets | $11.26M | $7.096M | $7.096M |
YoY Change | 123345.91% | 62154.46% | 62149.04% |
TOTAL ASSETS | |||
Total Short-Term Assets | $19.79M | $18.38M | $18.38M |
Total Long-Term Assets | $11.26M | $7.096M | $7.096M |
Total Assets | $31.05M | $25.48M | $25.48M |
YoY Change | 467.93% | 482.85% | 482.85% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.446M | $900.9K | $900.9K |
YoY Change | |||
Accrued Expenses | $5.553M | $2.330M | $2.330M |
YoY Change | 97325.44% | 40783.51% | 4448.82% |
Deferred Revenue | $156.3K | ||
YoY Change | |||
Short-Term Debt | $8.657M | $6.019M | $6.019M |
YoY Change | 73.14% | 50.47% | 50.47% |
Long-Term Debt Due | $0.00 | $0.00 | |
YoY Change | |||
Total Short-Term Liabilities | $15.66M | $9.271M | $9.271M |
YoY Change | 205.99% | 128.84% | 128.84% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $1.846M | $1.910M | $1.910M |
YoY Change | |||
Total Long-Term Liabilities | $1.846M | $1.910M | $1.910M |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $15.66M | $9.271M | $9.271M |
Total Long-Term Liabilities | $1.846M | $1.910M | $1.910M |
Total Liabilities | $17.51M | $11.18M | $11.18M |
YoY Change | 242.06% | 175.99% | 175.99% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$38.13M | -$35.33M | |
YoY Change | 200.33% | 230.46% | |
Common Stock | $17.07K | $17.07K | |
YoY Change | 160.9% | 216.77% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $13.54M | $14.30M | $14.30M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $31.05M | $25.48M | $25.48M |
YoY Change | 467.93% | 482.85% | 482.85% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.798M | -$16.12M | -$20.94M |
YoY Change | 39.62% | 1274.82% | 846.31% |
Depreciation, Depletion And Amortization | $77.19K | -$64.60K | $162.6K |
YoY Change | 3285.48% | -2933.33% | 1679.25% |
Cash From Operating Activities | $1.338M | $258.3K | -$13.57M |
YoY Change | -497.51% | -122.81% | 845.28% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $1.317M | $1.886M | $2.763M |
YoY Change | 1154.24% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$2.890M | $4.533M | $464.0K |
YoY Change | 44.52% | -338.6% | -115.47% |
Cash From Investing Activities | -$4.208M | $2.647M | -$2.299M |
YoY Change | 110.38% | -239.34% | -23.35% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $2.740M | -7.288M | $16.73M |
YoY Change | 91.06% | -288.35% | 210.98% |
NET CHANGE | |||
Cash From Operating Activities | $1.338M | 258.3K | -$13.57M |
Cash From Investing Activities | -$4.208M | 2.647M | -$2.299M |
Cash From Financing Activities | $2.740M | -7.288M | $16.73M |
Net Change In Cash | -$129.9K | -4.382M | $862.8K |
YoY Change | -85.61% | -623.4% | -191.25% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.338M | $258.3K | -$13.57M |
Capital Expenditures | $1.317M | $1.886M | $2.763M |
Free Cash Flow | $21.06K | -$1.628M | -$16.34M |
YoY Change | -106.26% | 886.38% |
Facts In Submission
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---|---|---|---|---|
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Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
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|
-0.16 | |
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usd | |
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Earnings Per Share Diluted
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-0.14 | |
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Document Type
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10-K | |
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2023-12-31 | |
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--12-31 | |
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2023 | |
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000-56608 | |
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SS INNOVATIONS INTERNATIONAL, INC. | |
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FL | |
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47-3478854 | |
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405, 3rd Floor | |
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iLabs Info Technology Centre | |
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Udyog Vihar, Phase III | |
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Gurugram, Haryana | |
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122016 | |
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IN | |
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+91 | |
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73375 53469 | |
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|
-20941972 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5601504 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-344621 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
15521 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-21286593 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-5585983 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-20941972 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5601504 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
162624 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
128901 | usd |
CY2023 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
138541 | usd |
CY2023 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
600000 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
13430704 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
865468 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
9200688 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1054302 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2238034 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
106093 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-13572758 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5555345 | usd |
CY2023 | us-gaap |
Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
|
-3000000 | usd |
CY2022 | us-gaap |
Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
|
3000000 | usd |
CY2023 | us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
2640341 | usd |
CY2023 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
104371 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2763385 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
220324 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
484510 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2299356 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2735814 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-145000 | usd |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
4000000 | usd |
CY2023 | us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
-2051353 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
2583798 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
808244 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
1500431 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
|
26000 | usd |
CY2023 | us-gaap |
Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
|
12360 | usd |
CY2023 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
22980000 | usd |
CY2023 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
100000 | usd |
CY2023 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
7000000 | usd |
CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
3000000 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
1670834 | usd |
CY2023 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
1910432 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
16734963 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9294395 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
862849 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
1003236 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-344621 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
69189 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1504049 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
431624 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2022277 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1504049 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-166380 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
679610 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
53518 | usd |
CY2022 | ssii |
Stock Issued During Period Security Offerings
StockIssuedDuringPeriodSecurityOfferings
|
26000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1739807 | usd |
CY2022 | ssii |
Adjustment To Capital Reserve
AdjustmentToCapitalReserve
|
899917 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
15521 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5601504 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2460547 | usd |
CY2023 | ssii |
Stock Issued During Period Value Recapitalization
StockIssuedDuringPeriodValueRecapitalization
|
1041 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
23118541 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1597693 | usd |
CY2023 | ssii |
Stock Issued During Period Security Offerings
StockIssuedDuringPeriodSecurityOfferings
|
432672 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
115 | usd |
CY2023 | ssii |
Stock Issued During Period Value Issued For Services1
StockIssuedDuringPeriodValueIssuedForServices1
|
6857024 | usd |
CY2023 | ssii |
Stock Issued During Period Value Commonwarrants Exercised
StockIssuedDuringPeriodValueCommonwarrantsExercised
|
412056 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
50000 | usd |
CY2023 | ssii |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrants
|
5575987 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-344621 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-20941972 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14297984 | usd |
CY2023 | ssii |
Working Capital Deficit
WorkingCapitalDeficit
|
9112029 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-35329246 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-20941972 | usd |
CY2023 | us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
13425319 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
162623 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
|
1668146 | usd |
CY2023 | us-gaap |
Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
|
2023-12-31 | |
CY2023Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
16980000 | usd |
CY2023 | us-gaap |
Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
|
16980 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14300000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2460547 | usd |
CY2023Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
4287615 | usd |
CY2022Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
592313 | usd |
CY2023Q4 | us-gaap |
Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
|
2640341 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |
CY2023Q4 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
3000000 | usd |
CY2023Q4 | us-gaap |
Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
|
16980000 | usd |
CY2023Q4 | us-gaap |
Deposits
Deposits
|
4960362 | usd |
CY2023 | ssii |
Percentage Of Common Stock Issued And Outstanding
PercentageOfCommonStockIssuedAndOutstanding
|
0.95 | pure |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration:underline">Use of Estimates</span></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses. The Company regularly evaluates estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates made by management.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
6327256 | usd |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration:underline">Concentration of Credit Risk</span></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company maintains its principal cash balance in United States financial institutions, where deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. The Company also maintains cash balances maintained with banks in India, where balances are insured by Deposit Insurance and Credit Guarantee Corporation of India (DICGC) to the extent of approximately $6,100 per account and in the Bahamas, where deposits are insured by the Deposit Insurance Corporation Bahamas up to B$50,000 (equivalent to $50,000) per account. As of December 31,2023, the Company had $1,683,141 of deposits in excess of overall insurance coverage limits.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2023 | us-gaap |
Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
|
250000 | usd |
CY2023Q4 | us-gaap |
Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
|
6100 | usd |
CY2023Q4 | us-gaap |
Time Deposit Liability Above Us Insurance Limit
TimeDepositLiabilityAboveUsInsuranceLimit
|
50000 | bsd |
CY2023Q4 | us-gaap |
Time Deposit Liability Above Us Insurance Limit
TimeDepositLiabilityAboveUsInsuranceLimit
|
50000 | usd |
CY2023 | us-gaap |
Payments For Deposits
PaymentsForDeposits
|
1683141 | usd |
CY2023Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
1668146 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
592313 | usd |
CY2023Q4 | us-gaap |
Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
|
2640341 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1213596 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
760204 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
423432 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
371384 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
790164 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
388820 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
162623 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
128901 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1647274 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
900903 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
618852 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2041372 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
253377 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2942275 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
872229 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
900903 | usd |
CY2023Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
1668146 | usd |
CY2023 | us-gaap |
Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
|
16980000 | usd |
CY2023Q4 | us-gaap |
Bank Overdrafts
BankOverdrafts
|
6018926 | usd |
CY2022Q4 | us-gaap |
Bank Overdrafts
BankOverdrafts
|
3123046 | usd |
CY2023 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
362056 | usd |
CY2023 | ssii |
Tax Credit Carryforward Expiration Dates
TaxCreditCarryforwardExpirationDates
|
April 2026 | |
CY2023 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
1829.25 | usd |
CY2019Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2454.75 | usd |
CY2019Q3 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
2223 | usd |
CY2021 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
1474.17 | usd |
CY2022Q4 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
404.68 | usd |
CY2023 | ssii |
Monthly Space Rent
MonthlySpaceRent
|
194 | usd |
CY2021Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
16528 | usd |
CY2023 | ssii |
Lease Expiration Date
LeaseExpirationDate
|
March 2030 | |
CY2023Q2 | us-gaap |
Area Of Land
AreaOfLand
|
21600 | sqm |
CY2023 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
12033 | usd |
CY2023Q4 | us-gaap |
Other Loans Payable
OtherLoansPayable
|
1466463 | usd |
CY2022Q4 | us-gaap |
Other Loans Payable
OtherLoansPayable
|
1570833 | usd |
CY2023Q4 | us-gaap |
Loans Payable
LoansPayable
|
1466463 | usd |
CY2022Q4 | us-gaap |
Loans Payable
LoansPayable
|
1570833 | usd |
CY2023Q2 | us-gaap |
Related Party Transaction Date
RelatedPartyTransactionDate
|
2023-12-31 | |
CY2023Q2 | ssii |
Working Capital
WorkingCapital
|
20000000 | usd |
CY2023Q2 | us-gaap |
Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
|
0.74 | |
CY2023Q4 | ssii |
Notes Receivables Acquisition Current
NotesReceivablesAcquisitionCurrent
|
usd | |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
usd | |
CY2022Q4 | us-gaap |
Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
|
usd | |
CY2023Q4 | us-gaap |
Loans Payable To Bank Current
LoansPayableToBankCurrent
|
usd | |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2022 | ssii |
Origination Fees Nonoperating
OriginationFeesNonoperating
|
usd | |
CY2022 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
usd | |
CY2022 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
usd | |
CY2022 | us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
usd | |
CY2022 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
usd | |
CY2023 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
usd | |
CY2023 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
usd | |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
usd | |
CY2023 | us-gaap |
Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
|
usd | |
CY2022 | us-gaap |
Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
|
usd | |
CY2022 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
usd | |
CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
usd | |
CY2022 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
usd | |
CY2023 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
usd | |
CY2023 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
usd | |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
usd | |
CY2022Q4 | us-gaap |
Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
|
usd | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001676163 |