2023 Q1 Form 10-Q Financial Statement

#000165495423006392 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q1
Revenue $4.057M $3.842M
YoY Change 5.6% 125.79%
Cost Of Revenue $2.078M $2.477M
YoY Change -16.09% 298.31%
Gross Profit $1.979M $1.365M
YoY Change 44.97% 26.41%
Gross Profit Margin 48.77% 35.53%
Selling, General & Admin $4.557M $6.616M
YoY Change -31.12% 73.75%
% of Gross Profit 230.33% 484.73%
Research & Development $1.582M $2.185M
YoY Change -27.58% 838.54%
% of Gross Profit 79.97% 160.08%
Depreciation & Amortization $100.7K $876.0K
YoY Change -88.5% 548.35%
% of Gross Profit 5.09% 64.18%
Operating Expenses $6.140M $8.847M
YoY Change -30.6% 118.95%
Operating Profit -$4.161M -$7.482M
YoY Change -44.38% 152.7%
Interest Expense -$305.5K -$16.33K
YoY Change 1770.79% -672.98%
% of Operating Profit
Other Income/Expense, Net -$438.4K -$98.30K
YoY Change 345.97% -458.5%
Pretax Income -$4.599M -$7.597M
YoY Change -39.45% 159.22%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$4.599M -$7.597M
YoY Change -39.45% 159.22%
Net Earnings / Revenue -113.37% -197.73%
Basic Earnings Per Share -$1.03
Diluted Earnings Per Share -$0.05 -$97.49K
COMMON SHARES
Basic Shares Outstanding 4.483M shares
Diluted Shares Outstanding 4.483M shares

Balance Sheet

Concept 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.848M $9.187M
YoY Change -69.0% -62.03%
Cash & Equivalents $2.848M $9.187M
Short-Term Investments
Other Short-Term Assets $838.5K $1.433M
YoY Change -41.47% 406.46%
Inventory $6.584M $5.309M
Prepaid Expenses $838.5K
Receivables $2.911M $3.105M
Other Receivables $185.0K $185.0K
Total Short-Term Assets $13.37M $19.22M
YoY Change -30.45% -26.79%
LONG-TERM ASSETS
Property, Plant & Equipment $700.1K $2.644M
YoY Change -73.52% 84.11%
Goodwill $23.18M
YoY Change
Intangibles $10.86M
YoY Change
Long-Term Investments
YoY Change
Other Assets $302.9K $280.9K
YoY Change 7.81% 1023.76%
Total Long-Term Assets $38.82M $81.08M
YoY Change -52.12% 197.61%
TOTAL ASSETS
Total Short-Term Assets $13.37M $19.22M
Total Long-Term Assets $38.82M $81.08M
Total Assets $52.19M $100.3M
YoY Change -47.97% 87.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.467M $1.924M
YoY Change -23.72% 290.23%
Accrued Expenses $331.0K $2.950M
YoY Change -88.78% -22.91%
Deferred Revenue $554.9K
YoY Change
Short-Term Debt $933.7K $0.00
YoY Change
Long-Term Debt Due $451.1K $445.8K
YoY Change 1.2% 332.96%
Total Short-Term Liabilities $5.233M $16.12M
YoY Change -67.53% 77.75%
LONG-TERM LIABILITIES
Long-Term Debt $406.4K $802.7K
YoY Change -49.38% 17816.96%
Other Long-Term Liabilities $2.998M $5.014M
YoY Change -40.2% -14.94%
Total Long-Term Liabilities $406.4K $5.817M
YoY Change -93.01% -1.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.233M $16.12M
Total Long-Term Liabilities $406.4K $5.817M
Total Liabilities $10.02M $21.93M
YoY Change -54.31% 46.56%
SHAREHOLDERS EQUITY
Retained Earnings -$116.4M
YoY Change
Common Stock $90.77K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $42.17M $78.37M
YoY Change
Total Liabilities & Shareholders Equity $52.19M $100.3M
YoY Change -47.97% 87.49%

Cashflow Statement

Concept 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$4.599M -$7.597M
YoY Change -39.45% 159.22%
Depreciation, Depletion And Amortization $100.7K $876.0K
YoY Change -88.5% 548.35%
Cash From Operating Activities -$4.235M -$6.510M
YoY Change -34.96% 476.86%
INVESTING ACTIVITIES
Capital Expenditures $5.337K -$74.95K
YoY Change -107.12% -9.69%
Acquisitions
YoY Change
Other Investing Activities -$248.9K -$3.428M
YoY Change -92.74% -74.02%
Cash From Investing Activities -$254.2K -$3.503M
YoY Change -92.74% -73.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $3.000M 4.614M
YoY Change -34.98% -68.53%
NET CHANGE
Cash From Operating Activities -$4.235M -6.510M
Cash From Investing Activities -$254.2K -3.503M
Cash From Financing Activities $3.000M 4.614M
Net Change In Cash -$1.502M -5.399M
YoY Change -72.18% -2232.38%
FREE CASH FLOW
Cash From Operating Activities -$4.235M -$6.510M
Capital Expenditures $5.337K -$74.95K
Free Cash Flow -$4.240M -$6.435M
YoY Change -34.12% 515.47%

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-594938 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-547170 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-105019 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
56577 usd
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
828410 usd
CY2023Q1 uavs Increase Decrease In Covid Loan
IncreaseDecreaseInCovidLoan
-44598 usd
CY2022Q1 uavs Increase Decrease In Covid Loan
IncreaseDecreaseInCovidLoan
0 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
67094 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4234526 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6510343 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5337 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
74951 usd
CY2023Q1 uavs Acquisition Of Sensefly Net Of Cash Acquired
AcquisitionOfSenseflyNetOfCashAcquired
0 usd
CY2022Q1 uavs Acquisition Of Sensefly Net Of Cash Acquired
AcquisitionOfSenseflyNetOfCashAcquired
489989 usd
CY2023Q1 uavs Acquisition Of Micasense Net Of Cash Acquired
AcquisitionOfMicasenseNetOfCashAcquired
0 usd
CY2022Q1 uavs Acquisition Of Micasense Net Of Cash Acquired
AcquisitionOfMicasenseNetOfCashAcquired
2446512 usd
CY2023Q1 uavs Capitalization Of Platform Development Costs
CapitalizationOfPlatformDevelopmentCosts
139509 usd
CY2022Q1 uavs Capitalization Of Platform Development Costs
CapitalizationOfPlatformDevelopmentCosts
319799 usd
CY2023Q1 uavs Capitalization Of Internal Use Software Costs
CapitalizationOfInternalUseSoftwareCosts
109345 usd
CY2022Q1 uavs Capitalization Of Internal Use Software Costs
CapitalizationOfInternalUseSoftwareCosts
171907 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-254191 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3503158 usd
CY2023Q1 uavs Sales Of Common Stock Net Of Issuance Cost1
SalesOfCommonStockNetOfIssuanceCost1
0 usd
CY2022Q1 uavs Sales Of Common Stock Net Of Issuance Cost1
SalesOfCommonStockNetOfIssuanceCost1
4583341 usd
CY2023Q1 uavs Sale Of Preferred Stock Series F Net Of Issuance Costs
SaleOfPreferredStockSeriesFNetOfIssuanceCosts
3000000 usd
CY2022Q1 uavs Sale Of Preferred Stock Series F Net Of Issuance Costs
SaleOfPreferredStockSeriesFNetOfIssuanceCosts
0 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
30750 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3000000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4614091 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-13212 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-4517 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1501929 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5403927 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4349837 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14590566 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2847908 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9186639 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2023Q1 uavs Conversion Of Preferred Stock Series F To Common Stock
ConversionOfPreferredStockSeriesFToCommonStock
2305 usd
CY2022Q1 uavs Conversion Of Preferred Stock Series F To Common Stock
ConversionOfPreferredStockSeriesFToCommonStock
0 usd
CY2023Q1 uavs Dividends On Preferred Stock Series F
DividendsOnPreferredStockSeriesF
66921 usd
CY2022Q1 uavs Dividends On Preferred Stock Series F
DividendsOnPreferredStockSeriesF
0 usd
CY2023Q1 uavs Deemed Dividend On Series F Preferred Stock And Warrant
DeemedDividendOnSeriesFPreferredStockAndWarrant
255976 usd
CY2022Q1 uavs Deemed Dividend On Series F Preferred Stock And Warrant
DeemedDividendOnSeriesFPreferredStockAndWarrant
0 usd
CY2023Q1 uavs Stock Consideration For Sensefly Acquisition
StockConsiderationForSenseflyAcquisition
0 usd
CY2022Q1 uavs Stock Consideration For Sensefly Acquisition
StockConsiderationForSenseflyAcquisition
3000000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-4599499 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4234526 usd
CY2023Q1 uavs Working Capital
WorkingCapital
8132307 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-116408919 usd
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px"><em>Use of Estimates </em>– The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the reserve for obsolete inventory, valuation of stock issued for services and stock options, valuation of intangible assets, and the valuation of deferred tax assets.</p>
CY2023Q1 uavs Shipping Costs
ShippingCosts
64936 usd
CY2022Q1 uavs Shipping Costs
ShippingCosts
59458 usd
CY2023Q1 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
554926 usd
CY2022Q4 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
496390 usd
CY2023Q1 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
1306380 usd
CY2022Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
1332516 usd
CY2023Q1 uavs Capitalized Software Development Costs For Internaluse Software
CapitalizedSoftwareDevelopmentCostsForInternaluseSoftware
751976 usd
CY2022Q4 uavs Capitalized Software Development Costs For Internaluse Software
CapitalizedSoftwareDevelopmentCostsForInternaluseSoftware
721795 usd
CY2023Q1 us-gaap Advertising Expense
AdvertisingExpense
40689 usd
CY2022Q1 us-gaap Advertising Expense
AdvertisingExpense
60626 usd
CY2023Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
2927417 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
2229840 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
16917 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
16800 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2910500 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2213040 usd
CY2023Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
4455666 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
5288206 usd
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
898614 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1106056 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1554238 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
614400 usd
CY2023Q1 us-gaap Inventory Gross
InventoryGross
6908518 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
7008662 usd
CY2023Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
324630 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
322815 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
6583888 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
6685847 usd
CY2023Q1 us-gaap Other Inventory Supplies
OtherInventorySupplies
226177 usd
CY2022Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
281484 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
208144 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
184429 usd
CY2023Q1 us-gaap Prepaid Rent
PrepaidRent
156914 usd
CY2022Q4 us-gaap Prepaid Rent
PrepaidRent
234691 usd
CY2023Q1 us-gaap Prepaid Insurance
PrepaidInsurance
92734 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
167794 usd
CY2023Q1 us-gaap Prepaid Taxes
PrepaidTaxes
90165 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
99558 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
64361 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
61592 usd
CY2023Q1 uavs Prepaid And Other Current Assets
PrepaidAndOtherCurrentAssets
838495 usd
CY2022Q4 uavs Prepaid And Other Current Assets
PrepaidAndOtherCurrentAssets
1029548 usd
CY2023Q1 uavs Leasehold Improvements
LeaseholdImprovements
106837 usd
CY2022Q4 uavs Leasehold Improvements
LeaseholdImprovements
106837 usd
CY2023Q1 uavs Production Tools And Equipment
ProductionToolsAndEquipment
638575 usd
CY2022Q4 uavs Production Tools And Equipment
ProductionToolsAndEquipment
632514 usd
CY2023Q1 uavs Computer And Office Equipment
ComputerAndOfficeEquipment
515010 usd
CY2022Q4 uavs Computer And Office Equipment
ComputerAndOfficeEquipment
507637 usd
CY2023Q1 uavs Furniture
Furniture
77486 usd
CY2022Q4 uavs Furniture
Furniture
77799 usd
CY2023Q1 uavs Drone Equipment
DroneEquipment
170109 usd
CY2022Q4 uavs Drone Equipment
DroneEquipment
170109 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1508017 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1494896 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
807938 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
703741 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
700079 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
791155 usd
CY2023Q1 us-gaap Depreciation
Depreciation
100697 usd
CY2022Q1 us-gaap Depreciation
Depreciation
110735 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11507653 usd
CY2023Q1 uavs Additions
Additions
248854 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-900641 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10855866 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P4Y6M10D
CY2023Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
900641 usd
CY2022Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
765255 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2613206 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2775753 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1547669 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1167169 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1158057 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1594012 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10855866 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
251647 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
774916 usd
CY2023Q1 uavs Provision For Warranty Expense
ProvisionForWarrantyExpense
289304 usd
CY2022Q4 uavs Provision For Warranty Expense
ProvisionForWarrantyExpense
288807 usd
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
244155 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
262737 usd
CY2023Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
89444 usd
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
0 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
331004 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
354246 usd
CY2023Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1205554 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1680706 usd
CY2020Q4 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
500000 usd
CY2023Q1 uavs Good Faith Acquisition Ofconsideration
GoodFaithAcquisitionOfconsideration
15000000 usd
CY2021Q4 us-gaap Line Of Credit Facility Annual Principal Payment
LineOfCreditFacilityAnnualPrincipalPayment
315000 usd
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Contingent Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability
0 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Contingent Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability
23798 usd
CY2023Q1 uavs Less Current Portion Business Acquisition Agreementrelated Liabilities
LessCurrentPortionBusinessAcquisitionAgreementrelatedLiabilities
0 usd
CY2022Q4 uavs Less Current Portion Business Acquisition Agreementrelated Liabilities
LessCurrentPortionBusinessAcquisitionAgreementrelatedLiabilities
0 usd
CY2023Q1 uavs Longterm Portion Of Business Acquisition Agreementrelated Liabilities
LongtermPortionOfBusinessAcquisitionAgreementrelatedLiabilities
0 usd
CY2022Q4 uavs Longterm Portion Of Business Acquisition Agreementrelated Liabilities
LongtermPortionOfBusinessAcquisitionAgreementrelatedLiabilities
0 usd
CY2023Q1 uavs Covid Loan Disclosuretext Block
CovidLoanDisclosuretextBlock
<p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Note 6 – COVID Loans</strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px">  </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">In connection with the senseFly Acquisition, the Company assumed the obligations for two COVID Loans originally made by the SBA to senseFly S.A. on July 27, 2020 (“senseFly COVID Loans”). As of senseFly Acquisition Date, the fair value of the COVID Loan was $1,440,046 (“senseFly COVID Loans”). For the three months ended March 31, 2023, senseFly S.A. made the required payments on the senseFly COVID Loans, including principal and accrued interest, aggregating approximately $44,598, for the three months ended March 31, 2022, no payments of principal and interest were required. As of March 31, 2023, the Company’s outstanding obligations under the senseFly COVID Loans are $857,498.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px">As of March 31, 2023, scheduled principal payments due under the senseFly COVID Loans are as follows:</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Year ending December 31,</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">2023 (rest of year)</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">405,993</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">2024</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">90,302</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">2025</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">90,302</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">2026</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">90,302</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">2027</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">180,599</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">857,498</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2023Q1 us-gaap Loans Assumed1
LoansAssumed1
1440046 usd
CY2022Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
44598 usd
CY2023Q1 uavs Ppp Loan Amount
PppLoanAmount
857498 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
405993 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
90302 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
90302 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
90302 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
180599 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
857498 usd
CY2022Q4 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
3500000 usd
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CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2023Q1 uavs Weighted Average Fair Value Granted
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CY2023Q1 uavs Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
P3Y7D
CY2023Q1 uavs Aggregate Intrinsic Value Granted
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
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CY2023Q1 uavs Weighted Avg Exercise Price Excercised
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CY2023Q1 uavs Aggregate Intrinsic Value Exercised
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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CY2023Q1 uavs Weighted Average Fair Value Expiredforfeited
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CY2023Q1 uavs Aggregate Intrinsic Value Outstanding At End
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93764 usd
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CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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CY2023Q1 uavs Share Based Compensation Arrangement By Share Based Payment Award Options Vest Exercisable Aggregate Intrinsic Value
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83521 usd
CY2023Q1 us-gaap Share Price
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0.45
CY2022Q1 us-gaap Share Price
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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0.6578 pure
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0381 pure
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0245 pure
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261480 usd
CY2022Q1 us-gaap Operating Lease Expense
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323573 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
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3783318 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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3952317 usd
CY2023Q1 us-gaap Operating Lease Liability Current
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620973 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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628113 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
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2998202 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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3161703 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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663174 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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946961 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
947497 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
948033 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
731502 usd
CY2023Q1 uavs Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
182875 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4420042 usd
CY2023Q1 uavs Amount Representing Interest
AmountRepresentingInterest
-800867 usd
CY2023Q1 uavs Present Value Of Future Minimum Lease Payments
PresentValueOfFutureMinimumLeasePayments
3619175 usd
CY2023Q1 us-gaap Operating Lease Liability Current
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620973 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
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2998202 usd
CY2023Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P4Y7M6D
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P4Y9M18D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.060 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060 pure
CY2023Q1 uavs Cash Paid For Amounts Included In Measurement Of Liabilities Operating Cash Flows For Operating Leases
CashPaidForAmountsIncludedInMeasurementOfLiabilitiesOperatingCashFlowsForOperatingLeases
261222 usd
CY2022Q1 uavs Cash Paid For Amounts Included In Measurement Of Liabilities Operating Cash Flows For Operating Leases
CashPaidForAmountsIncludedInMeasurementOfLiabilitiesOperatingCashFlowsForOperatingLeases
323573 usd
CY2023Q1 us-gaap Stock Repurchased During Period Shares
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7142715 shares
CY2023Q1 us-gaap Stock Option Exercise Price Increase
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0.42
CY2023Q1 us-gaap Additional Liability Long Duration Insurance Gross Premium Income
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3000000 usd
CY2022Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5000000 shares
CY2022Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
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16129032 shares
CY2022Q4 us-gaap Stock Option Exercise Price Increase
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0.44
CY2023Q1 us-gaap Additional Liability Long Duration Insurance Gross Premium Income
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0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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0.42
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
21129032 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.42
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
7142715 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.42
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
28271747 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.42
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
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23271747 shares
CY2023Q1 uavs Weighted Average Exercise Price Warrants Exercise Price
WeightedAverageExercisePriceWarrantsExercisePrice
0.42
CY2023Q1 uavs Weighted Average Remaining Contractual Term Outstanding Exercisable
WeightedAverageRemainingContractualTermOutstandingExercisable
P2Y11M12D
CY2023Q1 us-gaap Other Commitment
OtherCommitment
2594596 usd

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