$TRXDW
CELLULAR TECHNICAL SERVICES CO INC

2021 Q3 Form 10-Q Financial Statement

#000143774921018784 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $2.571M $1.102M $655.0K
YoY Change 215.85% 68.24% -82.0%
Cost Of Revenue $3.350M $2.347M $1.413M
YoY Change 135.42% 66.1% -64.1%
Gross Profit -$779.0K -$1.245M -$758.0K
YoY Change 27.91% 64.25% 155.22%
Gross Profit Margin -30.3% -112.98% -115.73%
Selling, General & Admin $9.108M $7.410M $6.520M
YoY Change 38.04% 13.65% -47.24%
% of Gross Profit
Research & Development $4.469M $4.089M $4.257M
YoY Change -4.37% -3.95% -32.37%
% of Gross Profit
Depreciation & Amortization $3.635M $3.645M $3.211M
YoY Change 0.03% 13.52% 1.61%
% of Gross Profit
Operating Expenses $16.66M $14.84M $13.61M
YoY Change 14.47% 9.05% -38.69%
Operating Profit -$17.44M -$16.08M -$14.37M
YoY Change 15.01% 11.96% -36.13%
Interest Expense $65.00K $5.000K $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $1.401M $2.914M -$165.0K
YoY Change 1608.54% -1866.06% -111.35%
Pretax Income -$16.04M -$13.17M -$14.53M
YoY Change 6.35% -9.37% -30.94%
Income Tax $32.00K $2.000K -$691.0K
% Of Pretax Income
Net Earnings -$16.07M -$13.17M -$13.84M
YoY Change 6.54% -4.83% -31.39%
Net Earnings / Revenue -625.01% -1195.28% -2112.98%
Basic Earnings Per Share -$0.07 -$0.06 -$0.27
Diluted Earnings Per Share -$68.57K -$56.47K -$0.27
COMMON SHARES
Basic Shares Outstanding 234.3M 233.3K 52.35M
Diluted Shares Outstanding 52.35M

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $117.8M $157.1M $15.60M
YoY Change 489.82% 906.72% -53.14%
Cash & Equivalents $59.78M $157.1M $15.60M
Short-Term Investments $57.97M
Other Short-Term Assets $627.0K $3.446M $6.881M
YoY Change -89.15% -49.92% -32.8%
Inventory $11.95M $12.52M $10.86M
Prepaid Expenses $2.209M
Receivables $955.0K $960.0K $971.0K
Other Receivables $1.311M $0.00 $0.00
Total Short-Term Assets $134.8M $174.0M $34.31M
YoY Change 259.46% 407.13% -50.49%
LONG-TERM ASSETS
Property, Plant & Equipment $9.911M $9.876M $6.963M
YoY Change 13.89% 41.84% 20.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $30.14M
YoY Change
Other Assets $348.0K $156.0K $1.896M
YoY Change -81.05% -91.77% -32.72%
Total Long-Term Assets $64.95M $38.00M $41.66M
YoY Change 52.32% -8.8% -68.93%
TOTAL ASSETS
Total Short-Term Assets $134.8M $174.0M $34.31M
Total Long-Term Assets $64.95M $38.00M $41.66M
Total Assets $199.8M $212.0M $75.97M
YoY Change 149.25% 179.05% -62.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.231M $2.653M $2.347M
YoY Change 8.68% 13.04% -66.66%
Accrued Expenses $4.841M $4.007M $6.840M
YoY Change -35.38% -41.42% -16.4%
Deferred Revenue $678.0K $786.0K $868.0K
YoY Change -17.11% -9.45% -3.23%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $9.421M $8.307M $10.06M
YoY Change -18.52% -17.38% -55.32%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $2.815M
YoY Change -100.0% -100.0% -90.46%
Other Long-Term Liabilities $8.837M $8.136M $1.082M
YoY Change 808.22% 651.94% -42.87%
Total Long-Term Liabilities $0.00 $0.00 $1.082M
YoY Change -100.0% -100.0% -42.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.421M $8.307M $10.06M
Total Long-Term Liabilities $0.00 $0.00 $1.082M
Total Liabilities $18.26M $16.44M $16.42M
YoY Change 1.57% 0.16% -77.16%
SHAREHOLDERS EQUITY
Retained Earnings -$769.5M -$753.4M -$694.0M
YoY Change 8.52% 8.56% 25.7%
Common Stock $950.5M $947.5M $754.9M
YoY Change 23.36% 25.52% 10.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $181.5M $195.6M $59.56M
YoY Change
Total Liabilities & Shareholders Equity $199.8M $212.0M $75.97M
YoY Change 149.25% 179.05% -62.64%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$16.07M -$13.17M -$13.84M
YoY Change 6.54% -4.83% -31.39%
Depreciation, Depletion And Amortization $3.635M $3.645M $3.211M
YoY Change 0.03% 13.52% 1.61%
Cash From Operating Activities -$9.002M -$8.248M -$12.66M
YoY Change 2.6% -34.84% -17.48%
INVESTING ACTIVITIES
Capital Expenditures -$138.0K -$305.0K -$1.000K
YoY Change 30400.0% -101.43%
Acquisitions
YoY Change
Other Investing Activities -$88.23M $0.00
YoY Change -100.0%
Cash From Investing Activities -$88.37M -$305.0K -$1.000K
YoY Change 30400.0% -100.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 33.00K 503.0K 6.081M
YoY Change -99.76% -91.73% 2152.22%
NET CHANGE
Cash From Operating Activities -9.002M -8.248M -12.66M
Cash From Investing Activities -88.37M -305.0K -1.000K
Cash From Financing Activities 33.00K 503.0K 6.081M
Net Change In Cash -97.34M -8.050M -6.579M
YoY Change -2096.7% 22.36% 208.87%
FREE CASH FLOW
Cash From Operating Activities -$9.002M -$8.248M -$12.66M
Capital Expenditures -$138.0K -$305.0K -$1.000K
Free Cash Flow -$8.864M -$7.943M -$12.66M
YoY Change 1.03% -37.25% -17.86%

Facts In Submission

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CY2020Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2020Q1 asxc Stock Issued During Period Value Exchange Of Shares For Warrants
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CY2020Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2020Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Inventory Write Down
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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asxc Increase Decrease In Operating Lease Right Of Use Assets
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asxc Increase Decrease In Operating Lease Right Of Use Assets
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Operating Lease Liability
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3052000 USD
us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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asxc Proceeds From Issuance Of Equity Net
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asxc Proceeds From Issuance Of Common Stock Net
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asxc Proceeds From Issuance Of Debt And Warrants Net Of Issuance Costs
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payment For Contingent Consideration Liability Financing Activities
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asxc Proceeds From Stock Options And Warrants Exercised
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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30785000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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5663000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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17529000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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10567000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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16230000 USD
asxc Transfer Of Inventory To Property And Equipment
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asxc Transfer Of Inventory To Property And Equipment
TransferOfInventoryToPropertyAndEquipment
3403000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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67000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
asxc Reclassification Of Warrant Liability To Common Stock And Additional Paid In Capital
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2236000 USD
asxc Reclassification Of Warrant Liability To Common Stock And Additional Paid In Capital
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Stock Issued1
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us-gaap Stock Issued1
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2470000 USD
asxc Transfer Of In Process Research And Development To Intellectual Property
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0 USD
asxc Transfer Of In Process Research And Development To Intellectual Property
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2425000 USD
us-gaap Conversion Of Stock Amount Converted1
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us-gaap Conversion Of Stock Amount Converted1
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79000 USD
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q2 asxc Working Capital
WorkingCapital
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us-gaap Proceeds From Warrant Exercises
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CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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157100000 USD
us-gaap Use Of Estimates
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<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><b>Use of Estimates</b></p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include impairment considerations for long- term intangible assets, fair value estimates related to contingent consideration, warrant liabilities, stock compensation expense, revenue recognition, accounts receivable reserves, excess and obsolete inventory reserves, inventory classification between current and non-current, measurement of lease liabilities and corresponding ROU assets, and deferred tax asset valuation allowances.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">The COVID-<em style="font: inherit;">19</em> pandemic has caused significant social and economic restrictions that have been imposed in the United States and abroad, which has resulted in significant volatility in the global economy and led to reduced economic activity. In the preparation of these financial statements and related disclosures, the Company has assessed the impact that COVID-<em style="font: inherit;">19</em> has had on its estimates, assumptions, forecasts, and accounting policies. The Company continues to monitor closely the COVID-<em style="font: inherit;">19</em> pandemic impact on its estimates, assumptions and forecasts used in the preparation of its financial statements. As the COVID-<em style="font: inherit;">19</em> situation is unprecedented and ever evolving, future events and effects related to COVID-<em style="font: inherit;">19</em> cannot be determined with precision, and actual results could significantly differ from estimates or forecasts.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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1000000.0 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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1200000 USD
us-gaap Concentration Risk Credit Risk
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<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><b>Concentrations and Credit Risk</b></p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">The Company’s principal financial instruments subject to potential concentration of credit risk are cash and cash equivalents, including amounts held in money market accounts. The Company places cash deposits with a federally insured financial institution. The Company maintains its cash at banks and financial institutions it considers to be of high credit quality; however, the Company’s domestic cash deposits <em style="font: inherit;"> may </em>at times exceed the Federal Deposit Insurance Corporation’s insured limit. Balances in excess of federally insured limitations <em style="font: inherit;"> may </em><em style="font: inherit;">not</em> be insured. The Company has <em style="font: inherit;">not</em> experienced losses on these accounts, and management believes that the Company is <em style="font: inherit;">not</em> exposed to significant risks on such accounts.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">The Company’s accounts receivable are derived from sales and leases to customers located throughout the world. The Company evaluates its customers’ financial condition and, generally, requires <em style="font: inherit;">no</em> collateral from its customers. The Company provided reserves for potential credit losses and recorded <em style="font: inherit;">no</em> bad debt charges during the <em style="font: inherit;">three</em> and <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2021 </em>and <em style="font: inherit;">2020.</em> The Company had four customers who constituted 59% of the Company’s net accounts receivable as of <em style="font: inherit;"> June 30, 2021. </em>The Company had <span style="-sec-ix-hidden:c75449159">seven</span> customers who constituted 68% of the Company’s net accounts receivable at <em style="font: inherit;"> December </em><em style="font: inherit;">31,</em> <em style="font: inherit;">2020.</em> The Company had five customers who accounted for 39% of revenue in the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> June 30, 2021 </em>and seven customers who accounted for 60% of revenue in the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> June 30, 2020. </em>The Company had four customers who accounted for 54% of revenue in the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2021 </em>and nine customers who accounted for 65% of revenue in the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2020.</em></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
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1700000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1800000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
700000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1102000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
655000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3185000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1255000 USD
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
300000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
100000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
700000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
200000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3200000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3100000 USD
CY2021Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
100000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
100000 USD
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
200000 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
400000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
400000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
600000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
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3200000 USD
us-gaap Revenue Recognition Leases Operating
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<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><b>Senhance System Leasing</b></p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">The Company enters into lease arrangements with certain qualified customers. Revenue related to arrangements including lease elements are allocated to lease and non-lease elements based on their relative standalone selling prices. Lease elements generally include a Senhance System, while non-lease elements generally include instruments, accessories, and services. For some lease arrangements, the customers are provided with the right to purchase the leased System at some point during and/or at the end of the lease term. In some arrangements lease payments are based on the usage of the System.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">In determining whether a transaction should be classified as a sales-type, operating, or direct financing lease, the Company considers the following terms at lease commencement: (<em style="font: inherit;">1</em>) whether title of the Senhance System transfers automatically or for a nominal fee by the end of the lease term, (<em style="font: inherit;">2</em>) whether the present value of the minimum lease payments equals or exceeds substantially all of the fair value of the leased System, (<em style="font: inherit;">3</em>) whether the lease term is for the major part of the remaining economic life of the leased System, (<em style="font: inherit;">4</em>) whether the lease grants the lessee an option to purchase the leased System that the lessee is reasonably certain to exercise, and (<em style="font: inherit;">5</em>) whether the underlying System is of such a specialized nature that it is expected to have <em style="font: inherit;">no</em> alternative use to the Company at the end of the lease term. All such arrangements through <em style="font: inherit;"> June 30, 2021 </em>are classified as operating leases.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">Revenue related to lease elements from operating lease arrangements is generally recognized on a straight-line basis over the lease term or based upon System usage and is presented as product revenue. Revenue related to lease elements from operating lease arrangements was approximately $0.3 million and $0.1 million for the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> June 30, 2021 </em>and <em style="font: inherit;">2020,</em> respectively, and $0.7 million and $0.2 million for the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2021 </em>and <em style="font: inherit;">2020,</em> respectively.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
300000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
100000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
200000 USD
CY2021Q2 us-gaap Inventory Write Down
InventoryWriteDown
200000 USD
CY2020Q2 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
us-gaap Inventory Write Down
InventoryWriteDown
300000 USD
us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
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1800000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1900000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3600000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3900000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2021Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
157078000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1045000 USD
CY2021Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
158123000 USD
CY2021Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
4671000 USD
CY2021Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
4671000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
16363000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1166000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
17529000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
3936000 USD
CY2020Q4 asxc Warrant Liability
WarrantLiability
255000 USD
CY2020Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
4191000 USD
CY2021Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
500000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
700000 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
200000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1300000 USD
CY2017Q2 asxc Number Of Units Sold
NumberOfUnitsSold
24900000
CY2017Q2 asxc Number Of Shares In Each Unit
NumberOfSharesInEachUnit
0.077
CY2017Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.00
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
2000000.0 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
300000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
2000000.0 USD
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
CY2020Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
100000 USD
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
13238000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
10749000 USD
CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5875000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
8098000 USD
CY2021Q2 asxc Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
19113000 USD
CY2020Q4 asxc Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
18847000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
12523000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
10034000 USD
CY2021Q2 us-gaap Inventory Noncurrent
InventoryNoncurrent
6590000 USD
CY2020Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
8813000 USD
CY2021Q2 asxc Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
19113000 USD
CY2020Q4 asxc Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
18847000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
69238000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
55940000 USD
CY2021Q2 asxc Finite Lived Intangible Assets Foreign Currency Translation Impact
FiniteLivedIntangibleAssetsForeignCurrencyTranslationImpact
2645000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15943000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
69238000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
51902000 USD
CY2020Q4 asxc Finite Lived Intangible Assets Foreign Currency Translation Impact
FiniteLivedIntangibleAssetsForeignCurrencyTranslationImpact
4931000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
22267000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.048 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.044 pure
CY2021Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0.0 USD
CY2020Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
700000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0.0 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1400000 USD
CY2021Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0.0 USD
CY2020Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10000.00 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-40000.00 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
30000.00 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
30600000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1000000.0 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y10M24D
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
100000 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
300000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
500000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
700000 USD
CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
400000 USD
CY2020 us-gaap Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
300000 USD
asxc Stock Issued During Period Shares Warrants Exercised
StockIssuedDuringPeriodSharesWarrantsExercised
45314101
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7064579
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
53776773
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.079 pure
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.082 pure
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4100000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4300000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
900000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3500000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
400000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
500000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
900000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
515000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
851000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
585000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
484000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
487000 USD
CY2021Q2 asxc Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
2932000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5854000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1528000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4326000 USD

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asxc-20210630.xsd Edgar Link pending
asxc-20210630_cal.xml Edgar Link unprocessable
asxc-20210630_def.xml Edgar Link unprocessable
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