2023 Q4 Form 10-Q Financial Statement

#000121390023083884 Filed on November 06, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q4
Revenue $23.34M $19.30M $27.95M
YoY Change -16.48% 42.19% 121.33%
Cost Of Revenue $14.60M $12.93M $14.60M
YoY Change 0.03% 38.63% 63.09%
Gross Profit $8.739M $6.371M $13.35M
YoY Change -34.53% 50.01% 263.21%
Gross Profit Margin 37.44% 33.01% 47.76%
Selling, General & Admin $7.660M $5.940M $24.52M
YoY Change -68.76% 21.31% 522.15%
% of Gross Profit 87.65% 93.23% 183.68%
Research & Development $1.103M
YoY Change
% of Gross Profit 8.26%
Depreciation & Amortization $466.2K $390.0K $194.0K
YoY Change 140.33% 108.17% 71.36%
% of Gross Profit 5.34% 6.12% 1.45%
Operating Expenses $7.660M $5.940M $25.81M
YoY Change -70.33% 21.31% 555.07%
Operating Profit $1.079M $431.7K -$12.47M
YoY Change -108.66% -166.51% 4589.49%
Interest Expense $238.2K $220.0K $10.51M
YoY Change -97.73% 1618.75% -14990.93%
% of Operating Profit 22.07% 50.96%
Other Income/Expense, Net $61.33K $460.9K -$1.874M
YoY Change -103.27% -315.77% 121.98%
Pretax Income $1.379M $892.6K -$3.828M
YoY Change -136.02% -203.47% 832.27%
Income Tax $495.4K $208.0K -$914.0K
% Of Pretax Income 35.93% 23.3%
Net Earnings $883.3K $684.6K -$2.914M
YoY Change -130.31% -199.49% 9727.99%
Net Earnings / Revenue 3.78% 3.55% -10.43%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $0.01 $0.04 -$0.27
COMMON SHARES
Basic Shares Outstanding 18.57M shares 18.42M shares 18.63M shares
Diluted Shares Outstanding 18.52M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.45M $19.69M $15.39M
YoY Change 19.94% -10.42% -52.26%
Cash & Equivalents $7.989M $9.435M $15.25M
Short-Term Investments $10.46M $10.26M $9.780M
Other Short-Term Assets $3.528M $5.100M $2.539M
YoY Change 38.95% 295.73% 126.04%
Inventory $6.639M $6.903M $6.868M
Prepaid Expenses
Receivables $20.47M $16.53M $14.44M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $49.09M $48.23M $48.57M
YoY Change 1.06% 18.54% 2.11%
LONG-TERM ASSETS
Property, Plant & Equipment $2.857M $1.414M $1.000M
YoY Change 185.63% 75.72% 62.4%
Goodwill
YoY Change
Intangibles $9.659M $10.31M $6.272M
YoY Change 54.0% 88.91% 225.1%
Long-Term Investments $7.404M
YoY Change -96.8%
Other Assets $11.00M $1.074M
YoY Change 923.76%
Total Long-Term Assets $12.52M $13.07M $8.057M
YoY Change 55.34% 83.38% 121.35%
TOTAL ASSETS
Total Short-Term Assets $49.09M $48.23M $48.57M
Total Long-Term Assets $12.52M $13.07M $8.057M
Total Assets $61.60M $61.30M $56.63M
YoY Change 8.79% 28.21% 10.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.316M $4.860M $19.61M
YoY Change -77.98% 70.71% 293.4%
Accrued Expenses $3.091M $1.680M $12.14M
YoY Change -74.53% 65.04% 957.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $2.870M $3.080M $1.810M
YoY Change 58.58% 72.98%
Total Short-Term Liabilities $16.67M $16.92M $13.96M
YoY Change 19.43% 156.49% 78.21%
LONG-TERM LIABILITIES
Long-Term Debt $4.587M $4.880M $60.85M
YoY Change -92.46% 121.73% 6134.33%
Other Long-Term Liabilities $797.6K $860.0K $32.99M
YoY Change -97.58% 59.34% 4104.13%
Total Long-Term Liabilities $5.384M $5.741M $3.306M
YoY Change 62.86% 109.5% 87.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.67M $16.92M $13.96M
Total Long-Term Liabilities $5.384M $5.741M $3.306M
Total Liabilities $22.05M $22.67M $17.26M
YoY Change 27.75% 142.7% 79.96%
SHAREHOLDERS EQUITY
Retained Earnings $1.119M $235.3K $1.084M
YoY Change 3.24% 30.3% -41.81%
Common Stock $38.43M $38.40M $1.848K
YoY Change 2079494.75% 2071081.98% -6.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.643M $6.668M
YoY Change
Treasury Stock Shares
Shareholders Equity $39.55M $38.64M $39.36M
YoY Change
Total Liabilities & Shareholders Equity $61.60M $61.30M $56.63M
YoY Change 8.79% 28.21% 10.59%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q4
OPERATING ACTIVITIES
Net Income $883.3K $684.6K -$2.914M
YoY Change -130.31% -199.49% 9727.99%
Depreciation, Depletion And Amortization $466.2K $390.0K $194.0K
YoY Change 140.33% 108.17% 71.36%
Cash From Operating Activities -$985.1K -$5.710M -$1.301M
YoY Change -24.28% 46.15% -66.99%
INVESTING ACTIVITIES
Capital Expenditures $209.7K $130.0K -$155.0K
YoY Change -235.29% -180.96% 108.05%
Acquisitions
YoY Change
Other Investing Activities -$44.86K $30.00K -$796.0K
YoY Change -94.36% -100.3%
Cash From Investing Activities -$254.6K -$100.0K -$641.0K
YoY Change -60.29% -99.01% 760.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -215.3K -20.00K 0.000
YoY Change -98.95% -100.0%
NET CHANGE
Cash From Operating Activities -985.1K -5.710M -1.301M
Cash From Investing Activities -254.6K -100.0K -641.0K
Cash From Financing Activities -215.3K -20.00K 0.000
Net Change In Cash -1.455M -5.830M -1.942M
YoY Change -25.08% -63.35% -106.18%
FREE CASH FLOW
Cash From Operating Activities -$985.1K -$5.710M -$1.301M
Capital Expenditures $209.7K $130.0K -$155.0K
Free Cash Flow -$1.195M -$5.840M -$1.146M
YoY Change 4.26% 55.88% -70.37%

Facts In Submission

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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-432800 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1039320 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
496827 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
162358 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
-142149 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
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us-gaap Share Based Compensation
ShareBasedCompensation
143018 usd
us-gaap Share Based Compensation
ShareBasedCompensation
212368 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
134352 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-231214 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2087401 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1314252 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
35741 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1887586 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
409134 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
13772 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-1975565 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
281079 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
806933 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2136562 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
615482 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-143289 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
3635842 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-152250 usd
us-gaap Increase Decrease In Customer Loyalty Program Liability
IncreaseDecreaseInCustomerLoyaltyProgramLiability
-3250000 usd
us-gaap Increase Decrease In Customer Loyalty Program Liability
IncreaseDecreaseInCustomerLoyaltyProgramLiability
-43878 usd
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
-86358 usd
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
114333 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3383722 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6536762 usd
strn Payments To Asset Acquisition Net Of Cash Acquired
PaymentsToAssetAcquisitionNetOfCashAcquired
660340 usd
strn Payments To Asset Acquisition Net Of Cash Acquired
PaymentsToAssetAcquisitionNetOfCashAcquired
449857 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
794486 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
350108 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
369452 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1824278 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10729582 usd
strn Contingent Earn Out Liabilities
ContingentEarnOutLiabilities
586363 usd
strn Contingent Earn Out Liabilities
ContingentEarnOutLiabilities
525109 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24303 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3175915 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1037362 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-610666 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2663662 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5818666 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19930006 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15253756 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32226668 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9435090 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12296662 usd
us-gaap Interest Paid Net
InterestPaidNet
4747 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
29043 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
85163 usd
us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
364552 usd
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
14444 usd
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
350108 usd
strn Non Cash Premier Asset Acquisition
NonCashPremierAssetAcquisition
1735000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
1470344 usd
strn Non Cash Asset Acquisition
NonCashAssetAcquisition
4551095 usd
strn Reduction In Contingent Earnout Liabilities
ReductionInContingentEarnoutLiabilities
654069 usd
strn Reduction In Contingent Earnout Liabilities
ReductionInContingentEarnoutLiabilities
70406 usd
strn Reduction In Intangible Asset Associated With Contingent Earnout Liabilities
ReductionInIntangibleAssetAssociatedWithContingentEarnoutLiabilities
-654069 usd
strn Reduction In Intangible Asset Associated With Contingent Earnout Liabilities
ReductionInIntangibleAssetAssociatedWithContingentEarnoutLiabilities
-70406 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">8.</td><td style="text-align: justify">Concentration of Credit Risk - Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of accounts receivable and deposits in excess of federally insured limits. These risks are managed by performing ongoing credit evaluations of customers’ financial condition and by maintaining all deposits in high quality financial institutions.</td></tr></table>
CY2023Q3 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P5Y
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2889345 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2094859 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1475475 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1094769 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1413870 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1000090 usd
us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">20.</td><td style="text-align: justify">Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.</td></tr></table>
CY2023Q3 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
10440663 usd
CY2023Q3 strn Unrealized Gain Loss On Investment
UnrealizedGainLossOnInvestment
-182988 usd
CY2023Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
10257675 usd
CY2022Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
9958475 usd
CY2022Q4 strn Unrealized Gain Loss On Investment
UnrealizedGainLossOnInvestment
-179120 usd
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
9779355 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
249965 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
264160 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6240606 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6557040 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
662699 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
310524 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
6903305 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
6867564 usd
CY2023Q3 strn Cost Of Sale Purchases
CostOfSalePurchases
4064327 usd
CY2022Q4 strn Cost Of Sale Purchases
CostOfSalePurchases
3571942 usd
CY2023Q3 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
794263 usd
CY2022Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
479715 usd
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4858590 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4051657 usd
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
7000000 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
7000000 usd
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
0 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1318678 usd
CY2022 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
0 usd
CY2023Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
4268990 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
633148 usd
CY2023Q3 us-gaap Deferred Revenue
DeferredRevenue
633148 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
721608 usd
strn Revenue Recognized
RevenueRecognized
-52549688 usd
CY2022 strn Revenue Recognized
RevenueRecognized
-58953467 usd
strn Amounts Collected Or Invoiced
AmountsCollectedOrInvoiced
56185530 usd
CY2022 strn Amounts Collected Or Invoiced
AmountsCollectedOrInvoiced
58865007 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
4268990 usd
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
633148 usd
CY2023Q3 strn Reward Program Liability
RewardProgramLiability
2750000 usd
CY2022Q4 strn Reward Program Liability
RewardProgramLiability
6000000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
784683 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
383190 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
333072 usd
CY2023Q2 strn Working Capital
WorkingCapital
1462732 usd
CY2023Q2 strn Intangible Customer List
IntangibleCustomerList
5211435 usd
CY2023Q2 us-gaap Asset Acquisition Consideration Transferred Other Assets
AssetAcquisitionConsiderationTransferredOtherAssets
6674167 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
2123072 usd
CY2023Q2 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
4551095 usd
CY2023Q2 us-gaap Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
6674167 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1344160 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
784683 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
460464 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
324594 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
858214 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
460089 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
504630 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
399245 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
188359 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
192126 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
97176 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1381536 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04 pure
CY2021Q4 strn Number Of Shares Issued Per Unit
NumberOfSharesIssuedPerUnit
1 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4478134 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4478134 shares
CY2021Q4 strn Outstanding Voting Stock Percentage
OutstandingVotingStockPercentage
0.654 pure
CY2022Q1 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
1
CY2022Q1 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
10000000 usd
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1777657 shares
CY2022 strn Treasury Stock Average Price Paid Per Share
TreasuryStockAveragePricePaidPerShare
1.87
CY2022Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1777657 shares
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
6667595 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
19502 shares
strn Treasury Stock Average Price Paid Per Share
TreasuryStockAveragePricePaidPerShare
1.22
CY2023Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1797159 shares
CY2023Q3 us-gaap Treasury Stock Value
TreasuryStockValue
6643289 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
143018 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
212368 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
Option awards are generally granted with an exercise price equal to the fair value of the Company’s stock at the date of grant; those options generally vest based on four years of continuous service and have 10-years contractual terms.
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0358 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2924 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1587000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.15
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3045700 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
68000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.8
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
50180 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
4.15
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1604820 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.06
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
109924 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.06
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1558000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
46000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.54
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
39001 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
3.11
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1564999 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.12
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
630228 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.13
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-848259 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18515206 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1681409 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19702136 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-848259 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18515206 shares
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1681409 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19702136 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
48282 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-335000 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-318900 usd
us-gaap Stock Issued1
StockIssued1
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us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-335000 usd
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-270618 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
29043 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-9254 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-158000 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-113900 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-128956 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-123154 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-463957 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-393772 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3114000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
174400 usd
CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1334000 usd
CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
545800 usd
us-gaap Advertising Expense
AdvertisingExpense
365682 usd
us-gaap Advertising Expense
AdvertisingExpense
211945 usd
dei Document Type
DocumentType
10-Q
CY2023Q3 strn Note Payable Wildman
NotePayableWildman
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CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18515206 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19702136 shares
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
usd
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
usd
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
usd
strn Non Cash Premier Asset Acquisition
NonCashPremierAssetAcquisition
usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
usd
strn Non Cash Asset Acquisition
NonCashAssetAcquisition
usd
us-gaap Stock Issued1
StockIssued1
usd
strn Share Based Compensation Arrangement By Share Based Payment Award Options Granted Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedIntrinsicValue
usd
strn Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitedor Expiredand Other Adjustments Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedorExpiredandOtherAdjustmentsIntrinsicValue
usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
usd
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
usd
strn Share Based Compensation Arrangement By Share Based Payment Award Options Granted Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedIntrinsicValue
usd
strn Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitedor Expiredand Other Adjustments Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedorExpiredandOtherAdjustmentsIntrinsicValue
usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
usd
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001872525

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