2023 Q4 Form 10-Q Financial Statement

#000121390023087015 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023 Q2
Revenue $808.0K $944.0K $743.0K
YoY Change 191.7% 353.85% 450.37%
Cost Of Revenue $249.0K $409.0K $549.0K
YoY Change -48.55% 35.43% 102.58%
Gross Profit $559.0K $535.0K $194.0K
YoY Change -370.05% -669.15% -242.65%
Gross Profit Margin 69.18% 56.67% 26.11%
Selling, General & Admin $3.009M $3.176M $3.615M
YoY Change -56.45% 33.95% -22.47%
% of Gross Profit 538.28% 593.64% 1863.4%
Research & Development $691.0K $737.0K $901.0K
YoY Change -14.9% -7.53% 37.14%
% of Gross Profit 123.61% 137.76% 464.43%
Depreciation & Amortization $93.00K $46.00K $35.00K
YoY Change 272.0% 91.67% 84.21%
% of Gross Profit 16.64% 8.6% 18.04%
Operating Expenses $3.700M $3.913M $4.516M
YoY Change -52.08% 23.52% -15.11%
Operating Profit -$3.141M -$3.378M -$4.322M
YoY Change -60.38% 3.56% -20.78%
Interest Expense $7.000K $4.000K
YoY Change -91.25% -94.44%
% of Operating Profit
Other Income/Expense, Net $0.00 $46.00K $37.00K
YoY Change -100.0% -49.45% -215.63%
Pretax Income -$3.134M -$3.332M -$4.285M
YoY Change -60.35% 5.08% -21.92%
Income Tax
% Of Pretax Income
Net Earnings -$3.134M -$3.332M -$4.285M
YoY Change -60.35% 5.08% -21.92%
Net Earnings / Revenue -387.87% -352.97% -576.72%
Basic Earnings Per Share -$1.46 -$0.33
Diluted Earnings Per Share -$1.24 -$1.46 -$0.33
COMMON SHARES
Basic Shares Outstanding 2.471M shares 22.61M shares 11.25M
Diluted Shares Outstanding 2.276K shares 13.05K shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.428M $3.371M $6.345M
YoY Change -71.67% -73.11% -60.38%
Cash & Equivalents $2.428M $3.371M $5.852M
Short-Term Investments $0.00 $0.00 $493.0K
Other Short-Term Assets $389.0K $345.0K $413.0K
YoY Change 190.3% 94.92% 197.12%
Inventory $554.0K $474.0K $570.0K
Prepaid Expenses $389.0K $345.0K $413.0K
Receivables $518.0K $773.0K $601.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.889M $4.963M $7.929M
YoY Change -58.39% -63.68% -52.97%
LONG-TERM ASSETS
Property, Plant & Equipment $1.607M $956.0K $945.0K
YoY Change 102.65% 225.17% 292.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.500M
YoY Change
Other Assets $849.0K $695.0K $219.0K
YoY Change 1017.11% 1262.75% 329.41%
Total Long-Term Assets $2.456M $2.355M $1.926M
YoY Change 40.99% 85.14% 51.3%
TOTAL ASSETS
Total Short-Term Assets $3.889M $4.963M $7.929M
Total Long-Term Assets $2.456M $2.355M $1.926M
Total Assets $6.345M $7.318M $9.855M
YoY Change -42.78% -51.01% -45.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $433.0K $763.0K $912.0K
YoY Change -21.27% 80.81% 164.35%
Accrued Expenses $1.534M $571.0K $1.130M
YoY Change 113.95% -5.31% -31.8%
Deferred Revenue
YoY Change
Short-Term Debt $1.173M $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.140M $3.085M $6.866M
YoY Change 24.11% 143.68% 207.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.427M $1.716M $2.086M
YoY Change 5.2% 137.02% 166.75%
Total Long-Term Liabilities $2.427M $1.716M $2.086M
YoY Change 5.2% 137.02% 166.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.140M $3.085M $6.866M
Total Long-Term Liabilities $2.427M $1.716M $2.086M
Total Liabilities $5.567M $4.801M $8.952M
YoY Change 15.09% 141.26% 196.62%
SHAREHOLDERS EQUITY
Retained Earnings -$55.07M -$51.94M -$48.61M
YoY Change 39.45% 64.43% 71.06%
Common Stock $55.90M $2.000K $22.00K
YoY Change 508054.55% -81.82% 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $778.0K $2.517M $903.0K
YoY Change
Total Liabilities & Shareholders Equity $6.345M $7.318M $9.855M
YoY Change -42.78% -51.01% -45.65%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$3.134M -$3.332M -$4.285M
YoY Change -60.35% 5.08% -21.92%
Depreciation, Depletion And Amortization $93.00K $46.00K $35.00K
YoY Change 272.0% 91.67% 84.21%
Cash From Operating Activities -$2.278M -$3.155M -$3.176M
YoY Change -32.7% -7.56% 14.95%
INVESTING ACTIVITIES
Capital Expenditures $92.00K $59.00K $128.0K
YoY Change -84.69% -176.62% -412.2%
Acquisitions
YoY Change
Other Investing Activities $0.00 $493.0K $1.257M
YoY Change -100.0% -139.76% -115.44%
Cash From Investing Activities -$92.00K $434.0K $1.129M
YoY Change -103.93% -132.95% -113.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.371M 261.0K 4.707M
YoY Change -5584.0% -66.84%
NET CHANGE
Cash From Operating Activities -2.278M -3.155M -3.176M
Cash From Investing Activities -92.00K 434.0K 1.129M
Cash From Financing Activities 1.371M 261.0K 4.707M
Net Change In Cash -999.0K -2.460M 2.660M
YoY Change -6.72% -47.99% -18.1%
FREE CASH FLOW
Cash From Operating Activities -$2.278M -$3.155M -$3.176M
Capital Expenditures $92.00K $59.00K $128.0K
Free Cash Flow -$2.370M -$3.214M -$3.304M
YoY Change -40.54% -3.66% 21.38%

Facts In Submission

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CY2022Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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OperatingLeaseRightOfUseAssetAmortizationExpense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
68000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
59000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
622000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
257000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
100000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
213000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-56000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-81000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-485000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-168000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-148000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
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us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
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us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
493000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
9381000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
269000 usd
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PaymentsToAcquirePropertyPlantAndEquipment
246000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
6234000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4808000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
14139000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
453000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
330000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4931000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14139000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-18000 usd
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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-40000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1242000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
236000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2129000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2917000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3371000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3153000 usd
tnon Common Stock Issued Upon Conversion Of Preferred Stock
CommonStockIssuedUponConversionOfPreferredStock
13639000 usd
tnon Common Stock Issued Upon Conversion Of Debt
CommonStockIssuedUponConversionOfDebt
13868000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
743000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
218000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
212000 usd
CY2023Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P2Y9M
CY2023Q3 us-gaap Share Price
SharePrice
1
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
2500000 usd
CY2023Q2 us-gaap Partners Capital Account Units Sold In Public Offering
PartnersCapitalAccountUnitsSoldInPublicOffering
1000000 shares
CY2023Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2023Q2 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
4866000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Use of estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Significant estimates made by management include, but are not limited to, realization of deferred tax assets, accrued liabilities, accrued commissions, incremental borrowing rate, obsolescence of inventory, stock-based compensation and the fair value of investments, inventory and of the Company’s common stock.</p>
CY2022Q2 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
1 shares
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
effected a 1-for-10 reverse stock split (the “2023 Reverse Stock Split”) by filing an amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended, with the Delaware Secretary of State. The 2023 Reverse Stock Split combined every ten shares of our common stock issued and outstanding immediately prior to effecting the 2023 Reverse Stock Split into one share of common stock. No fractional shares were issued in connection with the 2023 Reverse Stock Split. All historical share and per share amounts reflected throughout this document have been adjusted to reflect the 2022 Reverse Stock Split and the 2023 Reverse Stock Split.
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.08 pure
tnon Percentage Of Valuation Allowance In Deferred Tax Assets
PercentageOfValuationAllowanceInDeferredTaxAssets
1 pure
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2204841 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
228087 shares
CY2022Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
72000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
108000 usd
CY2022Q3 tnon Accrued Interest
AccruedInterest
0 usd
CY2022Q4 tnon Accrued Interest
AccruedInterest
13000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1142000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
873000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
186000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
80000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
956000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
793000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
46000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
24000 usd
us-gaap Depreciation
Depreciation
106000 usd
us-gaap Depreciation
Depreciation
53000 usd
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
130000000 shares
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
8574 shares
CY2023Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
306000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
452000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
265000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
265000 usd
CY2023Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
571000 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
717000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
73000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
73000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
219000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
219000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
704000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
873000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
249000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
228000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
494000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
683000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
743000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
911000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
75000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
301000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
310000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
144000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
830000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
87000 usd
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1000000 shares
CY2023Q2 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
4808000 usd
CY2023Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.6
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P5Y
CY2023Q2 tnon Offering Warrant Exercise Price
OfferingWarrantExercisePrice
3.146
CY2023Q2 tnon Aggregate Gross Sales Price
AggregateGrossSalesPrice
5500000 usd
CY2023Q2 tnon Percentage Of Gross Proceeds
PercentageOfGrossProceeds
0.03 pure
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
204604 shares
CY2023Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
204604 shares
tnon Purchase Agreement
PurchaseAgreement
10000000 usd
us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
10000 shares
us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
(i) up to 12,500 shares of common stock, if the closing sale price of its common stock on Nasdaq on such business day is at least $15.00 per share and (ii) up to 15,000 shares of common stock, if the closing sale price of its common stock on Nasdaq on such business day is at least $25.00 per share
tnon Purchase Exceed Amount
PurchaseExceedAmount
500000 usd
tnon Number Of Shares
NumberOfShares
100000 shares
tnon Percentage Of Outstanding Shares
PercentageOfOutstandingShares
0.0499 pure
us-gaap Common Stock Voting Rights
CommonStockVotingRights
one vote
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1070000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1034000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3164000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
721000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
0 usd
CY2023Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2000000 shares
CY2023Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.6
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P5Y
tnon Class Of Warrants Of Rights Grant Date Fair Value Of Warrants
ClassOfWarrantsOfRightsGrantDateFairValueOfWarrants
3164
tnon Fair Value Of Offering Warrant
FairValueOfOfferingWarrant
1.58
CY2023Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
3
tnon Daily Return Rate
DailyReturnRate
0.0518 pure
tnon Annual Volatility
AnnualVolatility
1 pure
tnon Deviation
Deviation
0.063 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0399 pure
tnon Disclosure Of Reconciliation Of Liability
DisclosureOfReconciliationOfLiability
A reconciliation of the liability under clause (b) and clause (c) for the nine months ended September 30, 2023 is as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%">Balance at December 31, 2022</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">2,560</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Amounts paid during 2023</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(406</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Accretion</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">381</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; padding-bottom: 4pt">Balance at September 30, 2023</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">2,535</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
2560000 usd
us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
406000 usd
us-gaap Accretion Expense
AccretionExpense
381000 usd
CY2023Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
2535000 usd
CY2023Q3 tnon Additional Compensation Per Quarter
AdditionalCompensationPerQuarter
62.5
CY2023Q3 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
10 shares
CY2023Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
usd
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
usd
us-gaap Paid In Kind Interest
PaidInKindInterest
usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
usd
tnon Common Stock Issued Upon Conversion Of Preferred Stock
CommonStockIssuedUponConversionOfPreferredStock
usd
tnon Common Stock Issued Upon Conversion Of Debt
CommonStockIssuedUponConversionOfDebt
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
0001560293

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