2023 Q2 Form 10-Q Financial Statement

#000147793223003603 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $17.81M $24.22M $27.09M
YoY Change 17.17% 135.79% 153.97%
Cost Of Revenue $10.21M $14.61M $16.77M
YoY Change 24.66% 249.24% 323.87%
Gross Profit $7.600M $9.605M $10.31M
YoY Change 8.42% 57.8% 53.64%
Gross Profit Margin 42.67% 39.66% 38.06%
Selling, General & Admin $6.690M $6.355M $11.25M
YoY Change -24.83% 40.49% 70.64%
% of Gross Profit 88.03% 66.17% 109.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $950.0K $232.5K $1.200M
YoY Change -24.0% 61.97% 814.46%
% of Gross Profit 12.5% 2.42% 11.64%
Operating Expenses $7.650M $12.00M $12.45M
YoY Change -24.63% 95.26% 88.84%
Operating Profit -$50.00K -$2.399M -$2.140M
YoY Change -98.41% 3864.85% -1919.73%
Interest Expense -$2.380M -$160.0K -$1.790M
YoY Change 1387.5% -2283.41% -22201.49%
% of Operating Profit
Other Income/Expense, Net $155.0K -$1.793M
YoY Change -1236.52% 6638.73%
Pretax Income -$16.14M -$2.554M $3.630M
YoY Change 389.09% 3344.56% 3889.23%
Income Tax -$2.600M -$496.9K $760.0K
% Of Pretax Income 20.94%
Net Earnings -$15.36M -$1.769M $2.584M
YoY Change 486.26% 3258.25% 3885.78%
Net Earnings / Revenue -86.24% -7.3% 9.54%
Basic Earnings Per Share -$0.11 $0.15
Diluted Earnings Per Share -$0.79 -$0.11 $0.16
COMMON SHARES
Basic Shares Outstanding 18.09M shares 18.02M shares 17.96M shares
Diluted Shares Outstanding 18.02M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.490M $1.180M $4.510M
YoY Change -37.2% -73.8% -31.62%
Cash & Equivalents $4.492M $1.181M $4.508M
Short-Term Investments
Other Short-Term Assets $1.250M $1.810M $1.940M
YoY Change -83.87% 152.75% 238.36%
Inventory $11.56M $10.14M $6.780M
Prepaid Expenses
Receivables $7.164M $5.347M $8.870M
Other Receivables $990.0K $1.610M $30.00K
Total Short-Term Assets $25.46M $20.10M $22.12M
YoY Change 49.2% 95.84% 82.84%
LONG-TERM ASSETS
Property, Plant & Equipment $7.526M $7.618M $7.840M
YoY Change -6.46% -0.83% 5.37%
Goodwill $10.25M $15.06M
YoY Change 23.49% 76.44%
Intangibles $13.57M $17.31M
YoY Change 12.61% 262.82%
Long-Term Investments $9.960M $10.08M
YoY Change
Other Assets $96.73K $118.0K $2.540M
YoY Change -3.63% 70.9% 3577.54%
Total Long-Term Assets $38.40M $53.72M $54.52M
YoY Change 22.17% 134.67% 135.94%
TOTAL ASSETS
Total Short-Term Assets $25.46M $20.10M $22.12M
Total Long-Term Assets $38.40M $53.72M $54.52M
Total Assets $63.85M $73.81M $76.64M
YoY Change 31.68% 122.65% 117.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.970M $2.636M $4.160M
YoY Change 53.2% 104.46% 364.37%
Accrued Expenses $3.366M $4.172M $4.800M
YoY Change 253.43% 452.13% 449.46%
Deferred Revenue
YoY Change
Short-Term Debt $880.0K $0.00 $0.00
YoY Change
Long-Term Debt Due $9.640M $9.160M $2.120M
YoY Change 77.86% 1709.28% 110.69%
Total Short-Term Liabilities $19.61M $17.68M $15.09M
YoY Change 93.59% 304.34% 186.74%
LONG-TERM LIABILITIES
Long-Term Debt $16.25M $18.95M $24.42M
YoY Change 83.0% 75188.04% 91121.52%
Other Long-Term Liabilities $160.0K $450.0K $380.0K
YoY Change -76.49% 33.04% -3.82%
Total Long-Term Liabilities $16.41M $19.40M $24.80M
YoY Change 71.36% 5238.8% 5778.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.61M $17.68M $15.09M
Total Long-Term Liabilities $16.41M $19.40M $24.80M
Total Liabilities $36.02M $37.08M $39.71M
YoY Change 82.78% 682.93% 598.58%
SHAREHOLDERS EQUITY
Retained Earnings -$23.20M -$7.843M
YoY Change 269.98% 115.09%
Common Stock $20.22K $18.09K
YoY Change 20.96% 12.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.84M $37.03M $36.92M
YoY Change
Total Liabilities & Shareholders Equity $63.85M $73.81M $76.64M
YoY Change 31.68% 122.65% 117.7%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$15.36M -$1.769M $2.584M
YoY Change 486.26% 3258.25% 3885.78%
Depreciation, Depletion And Amortization $950.0K $232.5K $1.200M
YoY Change -24.0% 61.97% 814.46%
Cash From Operating Activities -$3.320M -$70.00K $6.100M
YoY Change 101.21% -107.34% 1443.33%
INVESTING ACTIVITIES
Capital Expenditures $660.0K $100.0K $30.00K
YoY Change 32.0% -117.3% -100.61%
Acquisitions
YoY Change
Other Investing Activities $730.0K -$5.780M $5.910M
YoY Change -170.87% 1070.04% -406.41%
Cash From Investing Activities $80.00K -$5.880M $5.880M
YoY Change -105.19% 448.49% -186.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.550M 2.620M -10.77M
YoY Change 12.35% -232.67% 1076900.0%
NET CHANGE
Cash From Operating Activities -3.320M -70.00K 6.100M
Cash From Investing Activities 80.00K -5.880M 5.880M
Cash From Financing Activities 6.550M 2.620M -10.77M
Net Change In Cash 3.310M -3.330M 1.210M
YoY Change 25.38% 59.1% -118.79%
FREE CASH FLOW
Cash From Operating Activities -$3.320M -$70.00K $6.100M
Capital Expenditures $660.0K $100.0K $30.00K
Free Cash Flow -$3.980M -$170.0K $6.070M
YoY Change 85.12% -111.1% 14.54%

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upxi Depreciation Expense
DepreciationExpense
390116 usd
CY2023Q1 upxi Amortization Intangible Assets
AmortizationIntangibleAssets
1691243 usd
CY2022Q1 upxi Amortization Intangible Assets
AmortizationIntangibleAssets
417549 usd
upxi Amortization Intangible Assets
AmortizationIntangibleAssets
3534216 usd
upxi Amortization Intangible Assets
AmortizationIntangibleAssets
1085481 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
840193 usd
upxi Lease Term
LeaseTerm
1 year to 5 years
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
366370 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
153458 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
94255 usd
upxi Schedule Of Intangible Assets One Tabletextblock
ScheduleOfIntangibleAssetsOneTabletextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Cost</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Accumulated</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Amortization</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Net</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Book Value</strong></p></td><td style="PADDING-BOTTOM: 1px;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 0px 0px 0in">Customer relationships, amortized over four years</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;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,092,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">689,292</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 style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,402,708</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 0px 0px 0in">Trade name, amortized over five years</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;">609,000</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 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;">156,783</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 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;">452,217</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 0px 0px 0in">Non-compete agreements, amortized over the term of the agreement</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;">275,000</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 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;">115,042</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 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;">159,958</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 0px 0px 0in">Online sales channels, amortized over two years</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;">1,800,000</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 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;">225,000</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 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;">1,575,000</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 0px 0px 0in">Vender relationships, amortized over five years</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;">6,000,000</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 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;">300,000</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 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;">5,700,000</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 0px 0px 0in">Software, amortized over five years</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;">1,590,000</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><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;">238,500</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><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;">1,351,500</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:#cceeff"><td><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 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;">12,366,000</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><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;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,724,617</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10,641,383</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>
CY2022Q2 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
2092000 usd
CY2022Q2 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
609000 usd
CY2022Q2 us-gaap Finite Lived Noncompete Agreements Gross
FiniteLivedNoncompeteAgreementsGross
275000 usd
CY2022Q2 upxi Intangible Assets Online Sales Channels
IntangibleAssetsOnlineSalesChannels
1800000 usd
CY2022Q2 upxi Intangible Assets Vendor Relationships
IntangibleAssetsVendorRelationships
6000000 usd
CY2022Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1590000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12366000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1381700 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5240905 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4560800 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4560800 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1568628 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
0 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17312833 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
1809730 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
120512 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
28684 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
763279 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
41289 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
721990 usd
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P29M
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050 pure
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
99101 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
285855 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
67088 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
233409 usd
CY2023Q1 us-gaap Interest Expense Other
InterestExpenseOther
4595 usd
us-gaap Interest Expense Other
InterestExpenseOther
25030 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
170784 usd
us-gaap Lease Cost
LeaseCost
544294 usd
CY2023Q1 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
0 usd
CY2022Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
6418 usd
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
504892 usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
147887 usd
CY2023Q1 upxi Accrued Vendor Liabilities
AccruedVendorLiabilities
153468 usd
CY2022Q2 upxi Accrued Vendor Liabilities
AccruedVendorLiabilities
29960 usd
CY2023Q1 upxi Accrued Expenses On Credit Cards
AccruedExpensesOnCreditCards
476802 usd
CY2022Q2 upxi Accrued Expenses On Credit Cards
AccruedExpensesOnCreditCards
108735 usd
CY2023Q1 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
155990 usd
CY2022Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
108425 usd
us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.2067 pure
CY2023Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
81909 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1724110 usd
CY2022Q2 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
0 usd
CY2023Q1 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
1157193 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
471993 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4172455 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
955327 usd
CY2023Q1 upxi Payments Related To The Acquisition Of Luckytail
PaymentsRelatedToTheAcquisitionOfLuckytail
500000 usd
CY2022Q2 upxi Payments Related To The Acquisition Of Luckytail
PaymentsRelatedToTheAcquisitionOfLuckytail
0 usd
CY2023Q1 upxi Total
Total
500000 usd
CY2022Q2 upxi Total
Total
0 usd
CY2023Q1 upxi Total Notes Payable
TotalNotesPayable
28115951 usd
CY2023Q1 upxi Less Current Portion Of Notes Payable
LessCurrentPortionOfNotesPayable
9164189 usd
CY2023Q1 upxi Notes Payable Related Parties Current And Noncurrent1
NotesPayableRelatedPartiesCurrentAndNoncurrent1
18951762 usd
upxi Proceeds From Related Party
ProceedsFromRelatedParty
600000 usd
CY2023Q1 upxi Investment Owned Principal Amount
InvestmentOwnedPrincipalAmount
2150000 usd
CY2023Q1 upxi Issuance Of Restricted Stock Shares
IssuanceOfRestrictedStockShares
134000 shares
CY2023Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
4.53
CY2023Q1 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.1811 pure
CY2023Q1 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
5.00
CY2023Q1 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
560000 usd
CY2023Q1 us-gaap Accounts Payable Interest Bearing Interest Rate
AccountsPayableInterestBearingInterestRate
0.10 pure
CY2022Q2 us-gaap Debt Instrument Increase Decrease For Period Net
DebtInstrumentIncreaseDecreaseForPeriodNet
1500000 usd
CY2022Q2 us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.085 pure
CY2022Q2 upxi Additional Percentage Rate Pik
AdditionalPercentageRatePik
0.035 pure
CY2023Q1 upxi Investment Principal Amount
InvestmentPrincipalAmount
2150000 usd
upxi Maturity Of Restricted Common Stock
MaturityOfRestrictedCommonStock
21-month term
CY2023Q1 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.1811 pure
upxi Stock Issued During Period Acquisitions Amount
StockIssuedDuringPeriodAcquisitionsAmount
35000 usd
upxi Stock Issued During Period Value Issue For Services
StockIssuedDuringPeriodValueIssueForServices
175000 usd
upxi Common Stock For Prepayment Of Interest On Note Payable
CommonStockForPrepaymentOfInterestOnNotePayable
134000 shares
upxi Stock Based Compensation Expense
StockBasedCompensationExpense
1019883 usd
upxi Stock Based Compensation Expense
StockBasedCompensationExpense
670098 usd
CY2023Q1 upxi Income Tax Benefit And Expense
IncomeTaxBenefitAndExpense
496880 usd
upxi Income Tax Benefit And Expense
IncomeTaxBenefitAndExpense
449828 usd
CY2022Q1 upxi Income Tax Benefit And Expense
IncomeTaxBenefitAndExpense
1351686 usd
CY2023Q1 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
3600000 usd
upxi Income Tax Benefit And Expense
IncomeTaxBenefitAndExpense
1116653 usd
CY2022Q2 us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.085 pure

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0001477932-23-003603-index.html Edgar Link pending
0001477932-23-003603.txt Edgar Link pending
0001477932-23-003603-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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R1.htm Edgar Link pending
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