2024 Q2 Form 10-K Financial Statement

#000149315224017297 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $4.330M $5.361M $22.60M
YoY Change -18.79% -20.52% -9.21%
Cost Of Revenue $2.277M $2.442M $11.05M
YoY Change -18.27% -70.94% -17.48%
Gross Profit $2.053M $2.919M $11.54M
YoY Change -19.36% -275.95% 0.43%
Gross Profit Margin 47.41% 54.45% 51.08%
Selling, General & Admin $3.192M $2.631M $14.71M
YoY Change -16.13% -27.84% -8.83%
% of Gross Profit 155.48% 90.13% 127.44%
Research & Development $1.111M $1.394M $5.704M
YoY Change -34.69% -7.99% -5.59%
% of Gross Profit 54.12% 47.76% 49.42%
Depreciation & Amortization $1.120M $1.067M $45.00K
YoY Change 5.76% -75.03% -16.67%
% of Gross Profit 54.55% 36.55% 0.39%
Operating Expenses $4.303M $4.025M $20.41M
YoY Change -21.86% 2281.66% -7.95%
Operating Profit -$2.250M -$1.106M -$19.65M
YoY Change -24.9% -39.5% 81.4%
Interest Expense $465.0K -$290.0K $1.071M
YoY Change 87.5% 26.09% 42.99%
% of Operating Profit
Other Income/Expense, Net $0.00 $39.00K $31.00K
YoY Change -100.0% -22.0% -84.58%
Pretax Income -$2.739M -$1.357M -$18.74M
YoY Change -3.83% -36.38% 65.75%
Income Tax $0.00 $13.00K -$46.00K
% Of Pretax Income
Net Earnings -$2.739M -$1.370M -$18.70M
YoY Change -5.58% -37.21% 64.31%
Net Earnings / Revenue -63.26% -25.55% -82.74%
Basic Earnings Per Share -$0.05 -$0.33
Diluted Earnings Per Share -$0.05 -$0.02 -$0.33
COMMON SHARES
Basic Shares Outstanding 65.36M shares 56.51M shares
Diluted Shares Outstanding 56.51M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.979M $3.190M $3.190M
YoY Change -33.54% -51.65% -51.65%
Cash & Equivalents $3.979M $3.190M $3.190M
Short-Term Investments
Other Short-Term Assets $722.0K $629.0K $629.0K
YoY Change 0.7% -11.41% -11.41%
Inventory
Prepaid Expenses
Receivables $4.706M $4.237M $4.237M
Other Receivables $294.0K $780.0K $780.0K
Total Short-Term Assets $9.701M $8.836M $8.836M
YoY Change -15.78% -44.73% -44.73%
LONG-TERM ASSETS
Property, Plant & Equipment $76.00K $88.00K $88.00K
YoY Change -23.23% -20.72% -20.72%
Goodwill $13.28M $13.28M
YoY Change -42.5% -42.5%
Intangibles $11.66M $12.07M
YoY Change -18.69% -18.4%
Long-Term Investments
YoY Change
Other Assets $1.386M $1.666M $1.666M
YoY Change -13.27% -1.71% -1.71%
Total Long-Term Assets $32.02M $32.90M $32.90M
YoY Change -28.78% -27.75% -27.75%
TOTAL ASSETS
Total Short-Term Assets $9.701M $8.836M $8.836M
Total Long-Term Assets $32.02M $32.90M $32.90M
Total Assets $41.73M $41.74M $41.74M
YoY Change -26.13% -32.16% -32.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.120M $1.253M $1.253M
YoY Change 274.58% 100.16% 100.16%
Accrued Expenses $1.777M $2.023M $2.023M
YoY Change -29.06% -38.04% -38.7%
Deferred Revenue $7.351M $7.112M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.750M $1.500M $1.500M
YoY Change 100.0% 100.0% 100.0%
Total Short-Term Liabilities $12.82M $13.68M $13.68M
YoY Change -11.22% -18.44% -18.44%
LONG-TERM LIABILITIES
Long-Term Debt $10.68M $7.566M $9.066M
YoY Change 22.12% -15.6% 1.14%
Other Long-Term Liabilities $931.0K $173.0K
YoY Change 551.05% -36.16%
Total Long-Term Liabilities $11.61M $9.239M $9.239M
YoY Change 29.12% 0.04% 0.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.82M $13.68M $13.68M
Total Long-Term Liabilities $11.61M $9.239M $9.239M
Total Liabilities $24.42M $22.92M $22.92M
YoY Change 4.26% -11.88% -11.88%
SHAREHOLDERS EQUITY
Retained Earnings -$118.4M -$115.7M
YoY Change 18.55% 19.23%
Common Stock $617.0K $134.5M
YoY Change -99.54% 1.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.30M $18.81M $18.81M
YoY Change
Total Liabilities & Shareholders Equity $41.73M $41.74M $41.74M
YoY Change -26.13% -32.16% -32.16%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$2.739M -$1.370M -$18.70M
YoY Change -5.58% -37.21% 64.31%
Depreciation, Depletion And Amortization $1.120M $1.067M $45.00K
YoY Change 5.76% -75.03% -16.67%
Cash From Operating Activities -$1.199M -$54.00K -$2.215M
YoY Change -1051.59% -97.77% -68.99%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $12.00K $54.00K
YoY Change -100.0% -97.55% 440.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$232.0K -$12.00K -$1.621M
YoY Change -46.42% -97.55% -16.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $250.0K $750.0K
YoY Change 100.0% 200.0%
Cash From Financing Activities $2.220M 699.0K $428.0K
YoY Change -830.26% -131.93% -92.61%
NET CHANGE
Cash From Operating Activities -$1.199M -54.00K -$2.215M
Cash From Investing Activities -$232.0K -12.00K -$1.621M
Cash From Financing Activities $2.220M 699.0K $428.0K
Net Change In Cash $789.0K 633.0K -$3.408M
YoY Change -229.13% -112.41% 3.68%
FREE CASH FLOW
Cash From Operating Activities -$1.199M -$54.00K -$2.215M
Capital Expenditures $0.00 $12.00K $54.00K
Free Cash Flow -$1.199M -$66.00K -$2.269M
YoY Change -1336.08% -97.73% -68.28%

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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56510419 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56510419 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49324858 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49324858 shares
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
34044000 usd
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023 us-gaap Adjustments To Additional Paid In Capital Other
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CY2023 STRM Stock Issued During Period Value Surrender Of Shares
StockIssuedDuringPeriodValueSurrenderOfShares
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CY2023 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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1761000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
35511000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
35511000 usd
CY2024 STRM Stock Issued During Period Value Surrender Of Shares
StockIssuedDuringPeriodValueSurrenderOfShares
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CY2024 us-gaap Stockholders Equity Other
StockholdersEquityOther
36000 usd
CY2024 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2244000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-18697000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
18814000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
18814000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-18697000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-11379000 usd
CY2024 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4331000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4313000 usd
CY2024 STRM Acquisition Earnout Valuation Adjustments
AcquisitionEarnoutValuationAdjustments
1944000 usd
CY2023 STRM Acquisition Earnout Valuation Adjustments
AcquisitionEarnoutValuationAdjustments
71000 usd
CY2024 STRM Provision For Deferred Income Taxes
ProvisionForDeferredIncomeTaxes
-104000 usd
CY2023 STRM Provision For Deferred Income Taxes
ProvisionForDeferredIncomeTaxes
9000 usd
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
2102000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
1680000 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
9813000 usd
CY2024 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
963000 usd
CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-10000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
189000 usd
CY2024 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-3708000 usd
CY2023 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
4202000 usd
CY2024 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
401000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1197000 usd
CY2024 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
544000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-152000 usd
CY2024 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1277000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
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1069000 usd
CY2024 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1243000 usd
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2598000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2215000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7143000 usd
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10000 usd
CY2024 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1567000 usd
CY2023 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1925000 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1621000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1935000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8316000 usd
CY2023 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
2012000 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
52000 usd
CY2024 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
750000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
250000 usd
CY2024 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1500000 usd
CY2024 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
280000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
197000 usd
CY2024 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
44000 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
20000 usd
CY2024 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
2000 usd
CY2023 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
6000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
428000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5791000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3408000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3287000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6598000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9885000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3190000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6598000 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
989000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
651000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
66000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
23000 usd
CY2024 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84D_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zT18YACMCUE2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_zLdYdGtUBpJ7">Reclassification</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain amounts for fiscal 2022 were reclassified to conform to the current period classification. The Company incurred certain acquisition-related costs related to the acquisition of Avelead totaling $<span id="xdx_90C_eus-gaap--BusinessCombinationAcquisitionRelatedCosts_c20230201__20240131_zLSxskQwCZpi" title="Acquisition related costs">149,000</span> consisting primarily of professional service fees. The aforementioned acquisition-related costs for fiscal 2022 were previously presented in a separate, single caption and are now included in selling, general, and administrative expense in the accompanying condensed consolidated statements of operations, which is consistent with the presentation for the current period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
149000 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_zYRzg40CSL39" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_866_z7lvcZppkJTa">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. On an ongoing basis, management evaluates its estimates and judgments, including those related to the recognition of revenue, stock-based compensation, capitalization of software development costs, intangible assets, the allowance for credit losses, contingent consideration and income taxes. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Restricted Stock Expense
RestrictedStockExpense
3012000 usd
CY2024 STRM Capitalized Software Purchased With Stock
CapitalizedSoftwarePurchasedWithStock
140000 usd
CY2023 STRM Capitalized Software Purchased With Stock
CapitalizedSoftwarePurchasedWithStock
81000 usd
CY2024 STRM Deferred Financing Costs
DeferredFinancingCosts
83000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
132000 usd
CY2024 STRM Allowance For Doubtful Accounts Receivable Cecl Adoption
AllowanceForDoubtfulAccountsReceivableCECLAdoption
-36000 usd
CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-10000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
86000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-11379000 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56510419 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49324858 shares
CY2024Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1071000 usd
CY2023Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
2079000 usd
CY2024Q1 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
389000 usd
CY2023Q1 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
294000 usd
CY2024Q1 STRM Third Partylicense
ThirdPartylicense
43000 usd
CY2023Q1 STRM Third Partylicense
ThirdPartylicense
285000 usd
CY2024Q1 STRM Concession Accrual Amount
ConcessionAccrualAmount
233000 usd
CY2023Q1 STRM Concession Accrual Amount
ConcessionAccrualAmount
226000 usd
CY2024Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
226000 usd
CY2023Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
331000 usd
CY2024Q1 us-gaap Interest Payable Current
InterestPayableCurrent
61000 usd
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
50000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2023000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3265000 usd
CY2024Q1 STRM Concession Accrual Amount
ConcessionAccrualAmount
233000 usd
CY2023Q1 STRM Concession Accrual Amount
ConcessionAccrualAmount
226000 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6042000 usd
CY2024Q1 STRM Acquisition Earnout Liability Fair Value
AcquisitionEarnoutLiabilityFairValue
1794000 usd
CY2023Q1 STRM Acquisition Earnout Liability Fair Value
AcquisitionEarnoutLiabilityFairValue
3738000 usd
CY2024 STRM Acquisition Earnout Liability Change In Valuation
AcquisitionEarnoutLiabilityChangeInValuation
1944000 usd
CY2024Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.015 pure
CY2024 us-gaap Depreciation
Depreciation
45000 usd
CY2023 us-gaap Depreciation
Depreciation
54000 usd
CY2024 us-gaap Asset Impairment Charges
AssetImpairmentCharges
18000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024 STRM Amortized And Abandoned Assets
AmortizedAndAbandonedAssets
18000 usd
CY2024 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2463000 usd
CY2023 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2423000 usd
CY2024 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5704000 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22596000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24889000 usd
CY2023Q1 us-gaap Deferred Revenue
DeferredRevenue
7642000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
31414000 usd
CY2024 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Explanation
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionExplanation
the Company expects to recognize approximately 46% over the next 12 months and the remainder thereafter.
CY2024Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
77000 usd
CY2023Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
94000 usd
CY2024Q1 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
102000 usd
CY2023Q1 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
176000 usd
CY2024 STRM Deferred Costs Amortization Expenses
DeferredCostsAmortizationExpenses
82000 usd
CY2023 STRM Deferred Costs Amortization Expenses
DeferredCostsAmortizationExpenses
83000 usd
CY2024 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
155000 usd
CY2024 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
35000 usd
CY2023 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zL8F4xbnR08b" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_zXy7zlnS4U5c">Concentrations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments, which potentially expose the Company to concentrations of credit risk, consist primarily of accounts receivable. The Company’s accounts receivables are concentrated in the healthcare industry. However, the Company’s clients typically are well-established hospitals, medical facilities or major health information systems companies with good credit histories that resell the Company’s solutions. Payments from clients have been received within normal time frames for the industry. However, some hospitals and medical facilities have experienced significant operating losses as a result of limits on third-party reimbursements from insurance companies and governmental entities and extended payment of receivables from these entities is not uncommon.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">To date, the Company has relied on a limited number of clients and remarketing partners for a substantial portion of its total revenues. The Company expects that a significant portion of its future revenues will continue to be generated by a limited number of clients and its remarketing partners. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p>
CY2024 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-18697000 usd
CY2023 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-11379000 usd
CY2024 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.33
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.23
CY2024 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-18697000 usd
CY2023 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-11379000 usd
CY2024 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.33
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.23
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-18697000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16090000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4019000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12071000 usd
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56510419 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49324858 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
CY2023Q4 STRM Number Of Employees Terminated
NumberOfEmployeesTerminated
26 integer
CY2023Q4 STRM Percentage Of Workforce Terminated
PercentageOfWorkforceTerminated
0.24 pure
CY2023Q4 us-gaap Restructuring Costs
RestructuringCosts
759000 usd
CY2024Q1 us-gaap Rental Properties
RentalProperties
30000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
540000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35000 usd
CY2023Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.065 pure
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
32000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
194000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
17420000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2627000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9000000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9750000 usd
CY2024Q1 STRM Financing Cost Payable
FinancingCostPayable
135000 usd
CY2023Q1 STRM Financing Cost Payable
FinancingCostPayable
69000 usd
CY2024Q1 STRM Deferred Financing Cost
DeferredFinancingCost
69000 usd
CY2023Q1 STRM Deferred Financing Cost
DeferredFinancingCost
105000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
9066000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
9714000 usd
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
1500000 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
750000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7566000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
8964000 usd
CY2024Q1 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
1500000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
23089000 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
9813000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
13276000 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
9813000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2024 us-gaap Income Tax Reconciliation Other Adjustments
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CY2024 us-gaap Income Tax Expense Benefit
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CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2024Q1 us-gaap Deferred Tax Assets Deferred Income
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CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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427000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2024Q1 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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CY2023Q1 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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CY2024Q1 us-gaap Deferred Tax Assets In Process Research And Development
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CY2023Q1 us-gaap Deferred Tax Assets In Process Research And Development
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CY2023Q1 us-gaap Deferred Tax Assets Other
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CY2024Q1 us-gaap Deferred Tax Assets Gross
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CY2023Q1 us-gaap Deferred Tax Assets Gross
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CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2024Q1 us-gaap Deferred Tax Assets Net
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CY2023Q1 us-gaap Deferred Tax Assets Net
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383000 usd
CY2024Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
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5000 usd
CY2023Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2023Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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CY2023Q1 us-gaap Deferred Income Tax Liabilities
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65107000 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
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19646000 usd
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CY2024 STRM Increase In Valuation Allowance
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CY2024Q1 us-gaap Unrecognized Tax Benefits
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340000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
333000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
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333000 usd
CY2022Q1 us-gaap Unrecognized Tax Benefits
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315000 usd
CY2024 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2024 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2024Q1 us-gaap Unrecognized Tax Benefits
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340000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
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333000 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
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CY2024Q1 us-gaap Common Stock Shares Authorized
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
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1000000 shares
CY2024 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
one individual client accounted for 10% or more of our revenue.
CY2023 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
two individual clients accounted for 10% or more of our revenue.
CY2024 us-gaap Defined Contribution Plan Cost Recognized
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242000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
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258000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
628958 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.95
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M21D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
360000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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39250 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
7.14
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
522208 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.55
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
67500 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.73
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M13D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
67500 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.73
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y4M13D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
67500 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
1.73
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P2Y4M13D
CY2024Q1 STRM Investment Ownership Percentage
InvestmentOwnershipPercentage
0.20 pure
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1043350 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.57
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1848031 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.48
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.51
CY2024 us-gaap Payments For Rent
PaymentsForRent
6000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
132000 usd
CY2024 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
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CY2024 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
86000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
76000 usd
CY2023 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
189000 usd
CY2023 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
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CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
132000 usd
CY2024 dei Auditor Firm
AuditorFirmId
686

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