2024 Q1 Form 10-Q Financial Statement
#000147793224000734 Filed on February 14, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2022 Q4 |
---|---|---|---|
Revenue | $14.44M | $21.83M | $27.09M |
YoY Change | -40.36% | -19.42% | 153.97% |
Cost Of Revenue | $11.56M | $13.56M | $16.77M |
YoY Change | -20.89% | -19.16% | 323.87% |
Gross Profit | $2.883M | $8.271M | $10.31M |
YoY Change | -69.98% | -19.77% | 53.64% |
Gross Profit Margin | 19.96% | 37.89% | 38.06% |
Selling, General & Admin | $3.947M | $4.995M | $11.25M |
YoY Change | -37.9% | -55.6% | 70.64% |
% of Gross Profit | 136.88% | 60.38% | 109.12% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $306.2K | $328.6K | $1.200M |
YoY Change | 31.7% | -72.62% | 814.46% |
% of Gross Profit | 10.62% | 3.97% | 11.64% |
Operating Expenses | $7.820M | $10.06M | $12.45M |
YoY Change | -34.85% | -19.21% | 88.84% |
Operating Profit | -$4.937M | -$1.787M | -$2.140M |
YoY Change | 105.82% | -16.49% | -1919.73% |
Interest Expense | -$661.9K | -$1.077M | -$1.790M |
YoY Change | 313.68% | -39.83% | -22201.49% |
% of Operating Profit | |||
Other Income/Expense, Net | $661.9K | -$1.077M | -$1.793M |
YoY Change | 327.02% | -39.92% | 6638.73% |
Pretax Income | -$5.599M | -$2.864M | $3.630M |
YoY Change | 119.25% | -178.9% | 3889.23% |
Income Tax | $1.502M | $694.8K | $760.0K |
% Of Pretax Income | 20.94% | ||
Net Earnings | -$4.119M | -$2.438M | $2.584M |
YoY Change | 132.86% | -194.34% | 3885.78% |
Net Earnings / Revenue | -28.51% | -11.17% | 9.54% |
Basic Earnings Per Share | -$0.20 | -$0.12 | $0.15 |
Diluted Earnings Per Share | -$0.20 | -$0.12 | $0.16 |
COMMON SHARES | |||
Basic Shares Outstanding | 20.89M shares | 20.40M shares | 17.96M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $498.3K | $1.844M | $4.510M |
YoY Change | -57.77% | -59.1% | -31.62% |
Cash & Equivalents | $498.3K | $1.844M | $4.508M |
Short-Term Investments | |||
Other Short-Term Assets | $2.625M | $697.6K | $1.940M |
YoY Change | 45.03% | -64.04% | 238.36% |
Inventory | $8.802M | $14.66M | $6.780M |
Prepaid Expenses | |||
Receivables | $4.707M | $5.377M | $8.870M |
Other Receivables | $207.5K | $0.00 | $30.00K |
Total Short-Term Assets | $16.84M | $22.58M | $22.12M |
YoY Change | -16.2% | 2.09% | 82.84% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $7.520M | $7.600M | $7.840M |
YoY Change | -1.29% | -3.06% | 5.37% |
Goodwill | $10.85M | $11.81M | |
YoY Change | -27.95% | ||
Intangibles | $9.470M | $11.30M | |
YoY Change | -45.3% | ||
Long-Term Investments | $10.08M | ||
YoY Change | |||
Other Assets | $368.0K | $441.8K | $2.540M |
YoY Change | 211.76% | -82.6% | 3577.54% |
Total Long-Term Assets | $39.67M | $39.58M | $54.52M |
YoY Change | -26.16% | -27.41% | 135.94% |
TOTAL ASSETS | |||
Total Short-Term Assets | $16.84M | $22.58M | $22.12M |
Total Long-Term Assets | $39.67M | $39.58M | $54.52M |
Total Assets | $56.51M | $62.16M | $76.64M |
YoY Change | -23.45% | -18.89% | 117.7% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.124M | $3.018M | $4.160M |
YoY Change | -19.42% | -27.46% | 364.37% |
Accrued Expenses | $2.551M | $2.658M | $4.800M |
YoY Change | -38.86% | -44.62% | 449.46% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $3.939M | $4.167M | $0.00 |
YoY Change | |||
Long-Term Debt Due | $13.52M | $12.69M | $2.120M |
YoY Change | 47.62% | 498.56% | 110.69% |
Total Short-Term Liabilities | $24.19M | $24.26M | $15.09M |
YoY Change | 36.81% | 60.74% | 186.74% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $9.204M | $11.28M | $24.42M |
YoY Change | -51.43% | -53.81% | 91121.52% |
Other Long-Term Liabilities | $1.055M | $1.163M | $380.0K |
YoY Change | 134.51% | 205.97% | -3.82% |
Total Long-Term Liabilities | $10.26M | $12.44M | $24.80M |
YoY Change | -47.12% | -49.83% | 5778.85% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $24.19M | $24.26M | $15.09M |
Total Long-Term Liabilities | $10.26M | $12.44M | $24.80M |
Total Liabilities | $34.45M | $36.70M | $39.71M |
YoY Change | -7.1% | -7.58% | 598.58% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$31.11M | -$27.00M | |
YoY Change | 296.73% | ||
Common Stock | $20.91K | $20.31K | |
YoY Change | 15.56% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $22.06M | $25.46M | $36.92M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $56.51M | $62.16M | $76.64M |
YoY Change | -23.45% | -18.89% | 117.7% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$4.119M | -$2.438M | $2.584M |
YoY Change | 132.86% | -194.34% | 3885.78% |
Depreciation, Depletion And Amortization | $306.2K | $328.6K | $1.200M |
YoY Change | 31.7% | -72.62% | 814.46% |
Cash From Operating Activities | -$690.4K | $220.00 | $6.100M |
YoY Change | 886.26% | -100.0% | 1443.33% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $290.3K | $254.1K | $30.00K |
YoY Change | 190.26% | 747.17% | -100.61% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $792.4K | $0.00 | $5.910M |
YoY Change | -113.71% | -100.0% | -406.41% |
Cash From Investing Activities | $502.1K | -$254.1K | $5.880M |
YoY Change | -108.54% | -104.32% | -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 | -1.158M | 1.681M | -10.77M |
YoY Change | -144.2% | -115.61% | 1076900.0% |
NET CHANGE | |||
Cash From Operating Activities | -690.4K | 220.0 | 6.100M |
Cash From Investing Activities | 502.1K | -254.1K | 5.880M |
Cash From Financing Activities | -1.158M | 1.681M | -10.77M |
Net Change In Cash | -1.346M | 1.427M | 1.210M |
YoY Change | -59.58% | 17.96% | -118.79% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$690.4K | $220.00 | $6.100M |
Capital Expenditures | $290.3K | $254.1K | $30.00K |
Free Cash Flow | -$980.6K | -$253.9K | $6.070M |
YoY Change | 476.85% | -104.18% | 14.54% |
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-755253 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1167174 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-47052 | usd | |
CY2023Q4 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-2437919 | usd |
CY2022Q4 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
3315815 | usd |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-3601267 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1214910 | usd | |
CY2023Q4 | upxi |
Loss Income From Discontinued Operations
LossIncomeFromDiscontinuedOperations
|
0 | usd |
CY2022Q4 | upxi |
Loss Income From Discontinued Operations
LossIncomeFromDiscontinuedOperations
|
-731717 | usd |
upxi |
Loss Income From Discontinued Operations
LossIncomeFromDiscontinuedOperations
|
-193040 | usd | |
upxi |
Loss Income From Discontinued Operations
LossIncomeFromDiscontinuedOperations
|
-1376332 | usd | |
CY2023Q4 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
0 | usd |
CY2022Q4 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
85581 | usd |
us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
0 | usd | |
us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
233586 | usd | |
CY2023Q4 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-2437919 | usd |
CY2022Q4 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
2669679 | usd |
us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-3794307 | usd | |
upxi |
Amortization Of Senior Security Original Issue Discount
AmortizationOfSeniorSecurityOriginalIssueDiscount
|
-192690 | usd | |
upxi |
Amortization Of Consideration Discount
AmortizationOfConsiderationDiscount
|
734824 | usd | |
us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
72164 | usd | |
CY2023Q4 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.12 | |
CY2022Q4 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.19 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.19 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.08 | ||
CY2023Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0 | |
CY2022Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.04 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.01 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.08 | ||
CY2023Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.12 | |
CY2022Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.15 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | ||
CY2023Q4 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.12 | |
CY2022Q4 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.17 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.18 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.07 | ||
CY2023Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0 | |
CY2022Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.3 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.07 | ||
CY2023Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.12 | |
CY2022Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.14 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.07 | ||
CY2023Q4 | upxi |
Basic Weighted Average Number Of Shares Outstanding
BasicWeightedAverageNumberOfSharesOutstanding
|
20306871 | shares |
CY2022Q4 | upxi |
Basic Weighted Average Number Of Shares Outstanding
BasicWeightedAverageNumberOfSharesOutstanding
|
17540427 | shares |
upxi |
Basic Weighted Average Number Of Shares Outstanding
BasicWeightedAverageNumberOfSharesOutstanding
|
20275745 | shares | |
upxi |
Basic Weighted Average Number Of Shares Outstanding
BasicWeightedAverageNumberOfSharesOutstanding
|
15452453 | shares | |
CY2023Q4 | upxi |
Diluted Weighted Average Number Of Shares Outstanding
DilutedWeightedAverageNumberOfSharesOutstanding
|
20306871 | shares |
CY2022Q4 | upxi |
Diluted Weighted Average Number Of Shares Outstanding
DilutedWeightedAverageNumberOfSharesOutstanding
|
19030705 | shares |
upxi |
Diluted Weighted Average Number Of Shares Outstanding
DilutedWeightedAverageNumberOfSharesOutstanding
|
20275745 | shares | |
upxi |
Diluted Weighted Average Number Of Shares Outstanding
DilutedWeightedAverageNumberOfSharesOutstanding
|
17220564 | shares | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
28786744 | usd |
CY2022Q3 | upxi |
Amortization Of Common Stock Issuance For Services
AmortizationOfCommonStockIssuanceForServices
|
70350 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
927326 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2745520 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
27038900 | usd |
CY2022Q4 | upxi |
Amortization Of Common Stock Issuance For Services
AmortizationOfCommonStockIssuanceForServices
|
70350 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1052847 | usd |
CY2022Q4 | upxi |
Issuance Of Common Stock For Acquisition Of E Core Amount
IssuanceOfCommonStockForAcquisitionOfECoreAmount
|
6000000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2584098 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
36746195 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
27836623 | usd |
CY2023Q3 | upxi |
Issuance Of Stock And Equity For Purchase Of Cygnet Amount
IssuanceOfStockAndEquityForPurchaseOfCygnetAmount
|
667874 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
421887 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1356388 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
27569996 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
330584 | usd |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2437919 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
25462661 | usd |
us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-3794307 | usd | |
us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
72164 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2958553 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2268120 | usd | |
upxi |
Amortization Of Loan Costs
AmortizationOfLoanCosts
|
30274 | usd | |
us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | usd | |
us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
-7094296 | usd | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
90030 | usd | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
34328 | usd | |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
0 | usd | |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
0 | usd | |
upxi |
Change In Deferred Tax Asset
ChangeInDeferredTaxAsset
|
-1167174 | usd | |
upxi |
Change In Deferred Tax Asset
ChangeInDeferredTaxAsset
|
-15089 | usd | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
0 | usd | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
233586 | usd | |
upxi |
Stock Issued During Period Shares Issued For Finders Fee
StockIssuedDuringPeriodSharesIssuedForFindersFee
|
0 | usd | |
upxi |
Stock Issued During Period Shares Issued For Finders Fee
StockIssuedDuringPeriodSharesIssuedForFindersFee
|
1770 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
752471 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1980173 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1943520 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1274387 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-2105982 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
3748625 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
714038 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-983244 | usd | |
us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
-71895 | usd | |
us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
-24573 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2174628 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
3015017 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-29801 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-2120077 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
3851106 | usd | |
us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
-223957 | usd | |
us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
-258448 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2344034 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3592658 | usd | |
upxi |
Payment To Acquire Lucky Tail
PaymentToAcquireLuckyTail
|
0 | usd | |
upxi |
Payment To Acquire Lucky Tail
PaymentToAcquireLuckyTail
|
-2500000 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
-500000 | usd | |
upxi |
Payment To Acquire New England Technology Inc
PaymentToAcquireNewEnglandTechnologyInc
|
0 | usd | |
upxi |
Payment To Acquire New England Technology Inc
PaymentToAcquireNewEnglandTechnologyInc
|
914611 | usd | |
upxi |
Payment To Acquire Interactive Offers Net Of Cash Acquired
PaymentToAcquireInteractiveOffersNetOfCashAcquired
|
0 | usd | |
upxi |
Payment To Acquire Interactive Offers Net Of Cash Acquired
PaymentToAcquireInteractiveOffersNetOfCashAcquired
|
0 | usd | |
upxi |
Proceeds From The Sale Of Interactive Offers Net Of Liabilities Paid
ProceedsFromTheSaleOfInteractiveOffersNetOfLiabilitiesPaid
|
147592 | usd | |
upxi |
Proceeds From The Sale Of Interactive Offers Net Of Liabilities Paid
ProceedsFromTheSaleOfInteractiveOffersNetOfLiabilitiesPaid
|
0 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
70000 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
0 | usd | |
us-gaap |
Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
|
500000 | usd | |
us-gaap |
Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
|
0 | usd | |
us-gaap |
Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
|
0 | usd | |
us-gaap |
Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
|
5500000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
480456 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
183969 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-902864 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
3230642 | usd | |
us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
0 | usd | |
us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-902864 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3230642 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
371687 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
350877 | usd | |
upxi |
Repayment Of The Senior Convertible Notes Payable
RepaymentOfTheSeniorConvertibleNotesPayable
|
0 | usd | |
upxi |
Repayment Of The Senior Convertible Notes Payable
RepaymentOfTheSeniorConvertibleNotesPayable
|
-6382989 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
3284532 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-7201079 | usd | |
us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
2313818 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | usd | |
upxi |
Proceeds On Note Payable On Building
ProceedsOnNotePayableOnBuilding
|
0 | usd | |
upxi |
Proceeds On Note Payable On Building
ProceedsOnNotePayableOnBuilding
|
3000000 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
1470000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
599027 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-9464945 | usd | |
us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
0 | usd | |
us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
599027 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-9464945 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2423914 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2383197 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
-223957 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
-258448 | usd | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4492291 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7149806 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1844420 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4508161 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
upxi |
Issuance Of Common Stock For Acquisition Of Cygnet
IssuanceOfCommonStockForAcquisitionOfCygnet
|
162727 | usd | |
upxi |
Issuance Of Common Stock For Acquisition Of Cygnet
IssuanceOfCommonStockForAcquisitionOfCygnet
|
0 | usd | |
upxi |
Issuance Of Debt For Acquisition Of Cygnet
IssuanceOfDebtForAcquisitionOfCygnet
|
300000 | usd | |
upxi |
Issuance Of Debt For Acquisition Of Cygnet
IssuanceOfDebtForAcquisitionOfCygnet
|
0 | usd | |
upxi |
Bloomios Non Cash Payment Of Receivables Net
BloomiosNonCashPaymentOfReceivablesNet
|
845443 | usd | |
upxi |
Bloomios Non Cash Payment Of Receivables Net
BloomiosNonCashPaymentOfReceivablesNet
|
0 | usd | |
upxi |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed
|
0 | usd | |
upxi |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed
|
-7712168 | usd | |
upxi |
Issuance Of Stock For Acquisition Of E Core
IssuanceOfStockForAcquisitionOfECore
|
0 | usd | |
upxi |
Issuance Of Stock For Acquisition Of E Core
IssuanceOfStockForAcquisitionOfECore
|
6000000 | usd | |
upxi |
Payment To Acquire Available For Sale Securities
PaymentToAcquireAvailableForSaleSecurities
|
0 | usd | |
upxi |
Payment To Acquire Available For Sale Securities
PaymentToAcquireAvailableForSaleSecurities
|
6446210 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Note 1. Background Information</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Upexi is a multi-faceted brand owner with established brands in health, wellness, pet, beauty, and other growing markets. We operate in emerging industries with high growth trends and look to drive organic growth of our current brands. We focus on direct to consumer and Amazon brands that are scalable and have anticipated, high industry growth trends. Our goal is to continue to accumulate consumer data and build out a significant customer database across all industries we sell into. The growth of our current customer database has been key to the year-over-year gains in sales and profits. To drive additional growth, we have and will continue to acquire profitable Amazon and eCommerce businesses that can scale quickly and reduce costs through corporate synergies. We utilize our in-house SaaS programmatic ad technology to help achieve a lower cost per acquisition and accumulate consumer data for increased cross-selling between our growing portfolio of brands.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Upexi, Inc. (the “Company”) is a Nevada corporation with fourteen active subsidiaries through which the Company primarily conducts its business. The Company’s fourteen active subsidiaries are as follows: </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">☐</p></td><td colspan="3"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">HAVZ, LLC, d/b/a/ Steam Wholesale, a California limited liability company</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">o</p></td><td colspan="2" style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">SWCH, LLC, a Delaware limited liability company</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">o</p></td><td colspan="2" style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Cresco Management, LLC, a California limited liability company</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">☐ </p></td><td colspan="3"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Trunano Labs, Inc., a Nevada corporation</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">☐</p></td><td colspan="3"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">MW Products, Inc., a Nevada corporation</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">☐</p></td><td colspan="3"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Upexi Holding, LLC, a Delaware limited liability company</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">o</p></td><td colspan="2" style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Upexi Pet Products, LLC, a Delaware limited liability company</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">☐</p></td><td colspan="3"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">VitaMedica, Inc., a Nevada corporation</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">☐</p></td><td colspan="3"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Upexi Enterprise, LLC, a Delaware limited liability company</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">o</p></td><td colspan="2" style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Upexi Property & Assets, LLC, a Delaware limited liability company</p></td></tr><tr style="height:15px"><td style="width:4%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="width:4%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="width:4%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="width:4%;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">■</p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Upexi 17129 Florida, LLC, a Delaware limited liability company</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px">o</p></td><td colspan="2"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">E-Core Technology, Inc.</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px">o</p></td><td colspan="2"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Upexi Distribution Management LLC, a Delaware limited liability company</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">☐</p></td><td colspan="3"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Cygnet Online, LLC (“Cygnet”), a Delaware limited liability company.</p></td></tr></tbody></table><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In addition, the Company has four wholly owned subsidiaries that had no activity during the three and six months ended December 31, 2023 and December 31, 2022, respectively. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td style="width:4%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="width:4%;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Steam Distribution, LLC, a California limited liability company</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">One Hit Wonder, Inc., a California corporation</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">One Hit Wonder Holdings, LLC, a California limited liability company</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Vape Estate, Inc., a Nevada Corporation</p></td></tr></tbody></table><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Our products are distributed in the United States of America and internationally through multiple entities and managed through our locations in Florida, California, and Nevada.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Upexi</strong> operates from our corporate location in Tampa, Florida where direct to consumer and Amazon sales are driven by on-site and remote teams for all brands. The Tampa location also supports all the other locations with accounting, corporate oversight, day-to-day finances, business development and operational management operating from this location. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>VitaMedica</strong> operates mainly from our California location with product development and day-to-day management with the primary fulfillment center located in Tampa Florida. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Cygnet Online</strong> operates from our South Florida location with a full on-site GMP warehouse and distribution center, day to day operations of our Amazon liquidation business team from this location with support of remote team members.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Lucky Tail</strong> operates from our Clearwater, Florida location with sales and marketing driven by on-site and remote teams that operate the Amazon sales strategy and daily business operations.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>HAVZ, LLC, d/b/a/ Steam</strong> <strong>Wholesale</strong> operates manufacturing and/or distribution centers in Henderson, Nevada supporting our health and wellness products, including those products manufactured with hemp ingredients and our overall distribution operations. We have continued to manage these operations with corporate focus on larger opportunities that have warranted the majority of corporate focus and investments for the future.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Business Acquisitions</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On April 1, 2022, the Company entered into a securities purchase agreement with a single investor to acquire 55% of the equity interest in Cygnet Online, LLC, a Delaware limited liability corporation. The agreement also enables the Company to purchase the remaining 45% over the following two years. On September 1, 2023, the Company purchased the remaining 45% of Cygnet Online, LLC for $500,000 cash, 90,909 shares of the Company’s common stock and a $300,000 cash payment due on September 1, 2024. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On August 12, 2022, the Company entered into an asset purchase agreement with GA Solutions, LLC, a Delaware limited liability company (“LuckyTail”), pursuant to which the Company acquired substantially all the assets of LuckyTail. LuckyTail sells pet nail grinders and other pet products through various sales channels including some international sales channels. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On October 31, 2022, the Company and its wholly owned subsidiary Upexi Enterprise, LLC, entered into a securities purchase agreement to purchase the outstanding stock of E-Core Technology, Inc. d/b/a New England Technology, Inc. (“E-Core”), a Florida corporation. E-Core distributes non-owned branded products to national retail distributors and has branded products in the toy industry that E-Core sells direct to consumers through online sales channels and sells to national retail distributors. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Business Divested</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On October 26, 2022, the Company entered into a membership interest purchase agreement to sell 100% of the membership interests of Infusionz LLC, a Colorado limited liability company (“Infusionz”), included in the sale was all the rights to Infusionz brands and the manufacturing of certain private label business. Infusionz was originally purchased by the Company in July of 2020. The divestiture of Infusionz and related private label manufacturing represents a strategic shift in our operations and will allow us to become a predominantly product distribution focused company for both our Company owned brands and non-owned brands. As a result, the results of the business were classified as discontinued operations in our condensed statements of operations and excluded from both continuing operations and segment results for all periods presented.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On August 31, 2023, Upexi, Inc. (the “Company”) entered into an Equity Interest Purchase Agreement (“EIPA”) pursuant to which the Company sold one hundred percent (100%) of the issued and outstanding equity (the “Interests”) of its wholly owned subsidiary Interactive Offers, LLC (“Interactive”) to Amplifyir Inc. (the “Buyer”). The purchase price for the Interests was One Million Two Hundred Fifty Thousand Dollars ($1,250,000), subject to certain customary post-closing adjustments. In addition, the Buyer is obligated to pay the Company two-and one- half percent (2.5%) of certain advertising revenues of Interactive for a two-year period post-closing. Accordingly, the results of the business were classified as discontinued operations in our statements of operations and excluded from both continuing operations and segment results for all periods presented.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><em><span style="text-decoration:underline">Basis of Presentation and Principles of Consolidation</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The Company’s condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). The condensed consolidated financial statements include the accounts of all subsidiaries in which the Company holds a controlling financial interest as of December 31, 2023, and June 30, 2023.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">In the opinion of management, the unaudited interim condensed consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair presentation of the results for the interim periods presented. All significant intercompany transactions and balances are eliminated in consolidation. However, the results of operations included in such financial statements may not necessarily be indicative of annual results.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Discontinued Operations</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">A discontinued operation is a component of an entity that has either been disposed of or that is classified as held for sale, which represents a separate major line of business or geographic area of options and is part of a single coordinated plan to dispose of a separate line of business or geographical area of operations. In accordance with the rules regarding the presentation of discontinued operations, the assets, liabilities, and activity of Infusionz and certain manufacturing business have been reclassified as discontinued operations for all periods presented. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Fair Value of Financial Instruments</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">ASC Topic 820, <em>Fair Value Measurement</em> (“ASC 820”), establishes a fair value hierarchy for instruments measured at fair value that distinguished between assumptions based on market data (observable inputs) and the Company’s own assumptions (unobservable inputs). Observable inputs are inputs that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumption about the inputs that market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">ASC 820 identified fair value as the exchange price, or exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As a basis for considering market participant assumptions in fair value measurements, ASC 820 established a three-tier fair value hierarchy that distinguishes between the following:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">Level 1—Quoted market prices (unadjusted) in active markets for identical assets or liabilities.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0.5in; text-align:justify;">Level 2—Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable, such as quoted market prices, interest rates and yield curves.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0.5in; text-align:justify;">Level 3—Unobservable inputs developed using estimates or assumptions developed by the Company, which reflect those that a market participant would use.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for instruments categorized as Level 3. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The carrying amounts reflected in the balance sheets for cash and cash equivalents, prepaid expenses, other current assets, accounts payable and accrued expenses approximate their fair values, due to their short-term nature. For the three months ended September 30, 2022, management believed it necessary to record a reserve against the debt and equity instruments obtained in the sale of Infusionz of $8,500,000.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Reclassification</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain reclassifications have been made to the condensed consolidated financial statements as of and for the three and six months ended December 31, 2023, and for the three and six month periods ended December 31, 2022 to conform to the presentation as of and for the three and six months ended December 31, 2023.</p> | ||
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Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain reclassifications have been made to the condensed consolidated financial statements as of and for the three and six months ended December 31, 2023, and for the three and six month periods ended December 31, 2022 to conform to the presentation as of and for the three and six months ended December 31, 2023.</p> | ||
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Business Acquisitions Pro Forma Revenue
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39621804 | usd | |
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Business Acquisitions Pro Forma Revenue
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30473826 | usd | |
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Business Acquisitions Pro Forma Revenue
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17057561 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
1128325 | usd |
CY2023Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
0 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
13535583 | usd |
CY2023Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
11557128 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
14663908 | usd |
CY2023Q2 | us-gaap |
Inventory Net
InventoryNet
|
11557128 | usd |
CY2023Q4 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
35509 | usd |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
90030 | usd | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
10136881 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
9455848 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
2536483 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
1921780 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
7600398 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
7526463 | usd |
CY2023Q4 | us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
286084 | usd |
CY2022Q4 | us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
240958 | usd |
us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
614703 | usd | |
us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
435455 | usd | |
CY2023Q4 | upxi |
Amortization Intangible Assets
AmortizationIntangibleAssets
|
1157029 | usd |
CY2022Q4 | upxi |
Amortization Intangible Assets
AmortizationIntangibleAssets
|
1102756 | usd |
upxi |
Amortization Intangible Assets
AmortizationIntangibleAssets
|
2343850 | usd | |
upxi |
Amortization Intangible Assets
AmortizationIntangibleAssets
|
1832665 | usd | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
2115225 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
3780449 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
3780449 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
1568320 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
4667 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
49000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
11298110 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
697559 | usd |
CY2023Q2 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
1307299 | usd |
upxi |
Lease Term
LeaseTerm
|
1 year to 5 years | ||
CY2023Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
280190 | usd |
CY2023Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
508665 | usd |
CY2023Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
529284 | usd |
CY2023Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
266602 | usd |
CY2023Q4 | upxi |
Operating Leases Future Minimum Payments Due In Six Years
OperatingLeasesFutureMinimumPaymentsDueInSixYears
|
246013 | usd |
CY2023Q4 | upxi |
Operating Leases Future Minimum Payments Thereafter
OperatingLeasesFutureMinimumPaymentsThereafter
|
21114 | usd |
CY2023Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
1851868 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
155447 | usd |
CY2023Q4 | upxi |
Accrued Adverse Lease Obligation
AccruedAdverseLeaseObligation
|
289968 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1986389 | usd |
us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
289968 | usd | |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
823702 | usd |
us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
|
P43M | ||
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.050 | pure |
CY2023Q4 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
120846 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
295058 | usd | |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
118037 | usd |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
289007 | usd | |
CY2022Q4 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
|
0.29 | pure |
CY2023Q4 | us-gaap |
Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
|
5535710 | usd |
CY2023Q4 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
17492 | usd |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
43839 | usd | |
CY2023Q4 | us-gaap |
Lease Cost
LeaseCost
|
256375 | usd |
us-gaap |
Lease Cost
LeaseCost
|
627904 | usd | |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
1009079 | usd |
CY2023Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
655187 | usd |
CY2023Q4 | upxi |
Accrued Vendor Liabilities
AccruedVendorLiabilities
|
143275 | usd |
CY2023Q2 | upxi |
Accrued Vendor Liabilities
AccruedVendorLiabilities
|
861664 | usd |
CY2023Q4 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
38971 | usd |
CY2023Q2 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
47070 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
1198132 | usd |
CY2023Q2 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
1360000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
268890 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
441641 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
2658347 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
3365562 | usd |
CY2023Q4 | us-gaap |
Acquisition Costs Cumulative
AcquisitionCostsCumulative
|
300000 | usd |
CY2023Q2 | us-gaap |
Acquisition Costs Cumulative
AcquisitionCostsCumulative
|
0 | usd |
CY2022 | us-gaap |
Debt Instrument Increase Decrease For Period Net
DebtInstrumentIncreaseDecreaseForPeriodNet
|
1500000 | usd |
CY2022 | us-gaap |
Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
|
0.085 | pure |
CY2022 | upxi |
Additional Percentage Rate
AdditionalPercentageRate
|
0.035 | pure |
us-gaap |
Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
|
100000 | shares | |
us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
85000 | usd | |
CY2023Q4 | upxi |
Common Stocks Par Or Stated Value Per Share
CommonStocksParOrStatedValuePerShare
|
0.85 | |
us-gaap |
Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Dividend Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedDividendRate
|
0 | pure | |
us-gaap |
Share Based Goods And Nonemployee Services Transaction Valuation Method Risk Free Interest Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodRiskFreeInterestRate
|
0.0395 | pure | |
us-gaap |
Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Term1
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedTerm1
|
P1Y | ||
us-gaap |
Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Volatility Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRate
|
0.63 | pure | |
upxi |
Estimated Grant Date Using Black Scholes Stock Price
EstimatedGrantDateUsingBlackScholesStockPrice
|
1.47 | ||
CY2023Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
694807 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1167174 | usd | |
CY2022Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-755253 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-47052 | usd | |
upxi |
Scheduleofinventory Or Working Capital Tabletextblock
ScheduleofinventoryOrWorkingCapitalTabletextblock
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Tangible assets, inventory / working capital*</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;">(1,344,000 </td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</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">Tangible assets, warehouse and manufacturing equipment, net of accumulated depreciation*</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;">(679,327 </td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</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">Goodwill</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;">(2,413,814 </td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</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">Intangible assets, net of accumulated amortization</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;">(946,996 </td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</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">Accrued and incurred expenses related to the transaction and additional working capital*</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;">(2,051,500 </td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</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">Consideration received, including cash, debt and equity, net</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;">15,000,000</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></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">Total gain recognized</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;">7,564,363</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> | ||
CY2023Q3 | us-gaap |
Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
|
1250000 | usd |