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Twin Vee PowerCats, Co.

2021 Q4 Form 10-Q Financial Statement

#000173112221001925 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $5.151M $4.118M $11.06M
YoY Change -53.44% 64.85%
Cost Of Revenue $3.289M $2.508M $6.289M
YoY Change -47.7% 39.48%
Gross Profit $1.862M $1.610M $4.774M
YoY Change -61.01% 130.03%
Gross Profit Margin 36.14% 39.1% 43.15%
Selling, General & Admin $2.991M $513.0K $3.898M
YoY Change -23.26% 104.07%
% of Gross Profit 160.67% 31.86% 81.64%
Research & Development $150.0K $61.09K
YoY Change
% of Gross Profit 8.06% 3.79%
Depreciation & Amortization $66.43K $31.09K $124.9K
YoY Change -46.82% -5.98%
% of Gross Profit 3.57% 1.93% 2.62%
Operating Expenses $3.208M $1.933M $4.053M
YoY Change -20.87% 103.97%
Operating Profit -$1.346M -$322.5K $720.8K
YoY Change -286.73% 30.29%
Interest Expense -$73.13K -$60.90K -$178.6K
YoY Change -59.05%
% of Operating Profit -24.77%
Other Income/Expense, Net $390.00 -$60.74K
YoY Change -229.15%
Pretax Income -$810.5K -$383.3K $1.171M
YoY Change -169.21%
Income Tax
% Of Pretax Income
Net Earnings -$810.5K -$383.3K $1.171M
YoY Change -169.21% 91.14%
Net Earnings / Revenue -15.74% -9.31% 10.58%
Basic Earnings Per Share
Diluted Earnings Per Share -$115.5K -$61.01K $167.3K
COMMON SHARES
Basic Shares Outstanding 7.000M shares 7.000M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.04M $15.07M $891.8K
YoY Change 1362.12%
Cash & Equivalents $6.975M $8.979M $891.8K
Short-Term Investments $6.064M $6.091M
Other Short-Term Assets $1.009M $685.2K
YoY Change
Inventory $1.800M $2.452M $936.7K
Prepaid Expenses
Receivables $5.137K $212.9K
Other Receivables $286.9K $306.9K
Total Short-Term Assets $13.07M $15.63M $1.835M
YoY Change 612.47%
LONG-TERM ASSETS
Property, Plant & Equipment $2.883M $2.231M $1.365M
YoY Change 111.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.067M $3.093M
YoY Change
Other Assets $25.00K $25.00K
YoY Change
Total Long-Term Assets $7.526M $6.995M $2.670M
YoY Change 181.91%
TOTAL ASSETS
Total Short-Term Assets $13.07M $15.63M $1.835M
Total Long-Term Assets $7.526M $6.995M $2.670M
Total Assets $20.60M $22.63M $4.505M
YoY Change 357.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.201M $1.688M $799.3K
YoY Change 50.24%
Accrued Expenses $456.8K $492.2K $217.9K
YoY Change 109.61%
Deferred Revenue $14.10K $162.6K $6.784K
YoY Change 107.84%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.155M $2.897M $1.440M
YoY Change 49.67%
LONG-TERM LIABILITIES
Long-Term Debt $499.9K $1.108M
YoY Change
Other Long-Term Liabilities $1.244M $1.336M
YoY Change
Total Long-Term Liabilities $1.744M $2.445M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.155M $2.897M $1.440M
Total Long-Term Liabilities $1.744M $2.445M
Total Liabilities $3.899M $5.342M $2.956M
YoY Change 31.93%
SHAREHOLDERS EQUITY
Retained Earnings -$2.018M -$1.207M -$1.007M
YoY Change 100.44%
Common Stock $7.000K $7.000K $4.000K
YoY Change 75.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.70M $17.29M $1.549M
YoY Change
Total Liabilities & Shareholders Equity $20.60M $22.63M $4.505M
YoY Change 357.3%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income -$810.5K -$383.3K $1.171M
YoY Change -169.21% 91.14%
Depreciation, Depletion And Amortization $66.43K $31.09K $124.9K
YoY Change -46.82% -5.98%
Cash From Operating Activities -$1.204M -$748.5K $467.5K
YoY Change -357.56%
INVESTING ACTIVITIES
Capital Expenditures -$718.9K -$616.8K -$487.9K
YoY Change 47.35%
Acquisitions
YoY Change
Other Investing Activities $4.900K -$6.101M $324.7K
YoY Change -98.49%
Cash From Investing Activities -$714.0K -$6.718M -$163.1K
YoY Change 337.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -85.52K 16.04M 459.2K
YoY Change -118.62%
NET CHANGE
Cash From Operating Activities -1.204M -748.5K 467.5K
Cash From Investing Activities -714.0K -6.718M -163.1K
Cash From Financing Activities -85.52K 16.04M 459.2K
Net Change In Cash -2.004M 8.572M 763.6K
YoY Change -362.4%
FREE CASH FLOW
Cash From Operating Activities -$1.204M -$748.5K $467.5K
Capital Expenditures -$718.9K -$616.8K -$487.9K
Free Cash Flow -$485.2K -$131.7K $955.4K
YoY Change -150.79%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.72 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.78 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.49 pure
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
forty-thousand (40,000)-for-one stock split
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
407500 shares
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
86571 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
86571 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
86571 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
592500 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
tvpc Expected Volatility Of Option Table Textblock
ExpectedVolatilityOfOptionTableTextblock
<table cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ExpectedVolatilityOfOptionTableTextblock_zkOBm49vQv8e" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="color: black; text-align: justify"><span id="xdx_8B6_zNQAYXLUfjUj" style="display: none">Schedule of Expected Volatility Of Option</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right"> </td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right"> </td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right"> </td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right"> </td><td style="color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; color: black; text-align: center">Options Outstanding</td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="3" style="color: black; text-align: center">Weighted Average</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td style="color: black"> </td> <td colspan="3" style="color: black; text-align: center">Number of</td><td style="color: black"> </td> <td colspan="3" style="color: black; text-align: center">Weighted Average</td><td style="color: black"> </td> <td colspan="3" style="color: black; text-align: center">Remaining life</td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; color: black; text-align: center">Options</td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; color: black; text-align: center">Exercise Price</td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; color: black; text-align: center">(years)</td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; color: black; text-align: center">Fair value of option</td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Outstanding, December 31, 2020</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20210101__20210930_zhgjF3vT7JH8" style="color: black; text-align: right" title="Outstanding at beginning of period"><span style="-sec-ix-hidden: xdx2ixbrl0858">—</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left">$</td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20210101__20210930_zX4KWzc3jEma" style="color: black; text-align: right" title="Outstanding at beginning of period"><span style="-sec-ix-hidden: xdx2ixbrl0860">—</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right">—</td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left">$</td><td style="color: black; text-align: right">—</td><td style="color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 16%; color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Granted</span></td><td style="width: 1%; color: black; text-align: left"> </td><td style="width: 3%; color: black"> </td> <td style="width: 1%; color: black; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20210101__20210930_zp6P4umQAoM4" style="width: 16%; color: black; text-align: right" title="Granted">592,500</td><td style="width: 1%; color: black; text-align: left"> </td><td style="width: 3%; color: black"> </td> <td style="width: 1%; color: black; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20210101__20210930_zlM4vYLeTsIf" style="width: 16%; color: black; text-align: right" title="Granted">5.51</td><td style="width: 1%; color: black; text-align: left"> </td><td style="width: 3%; color: black"> </td> <td style="width: 1%; color: black; text-align: left"> </td><td style="width: 15%; color: black; text-align: right"><span id="xdx_90B_ecustom--SharebasedCompensationArrangementByGrantedSharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930_zHMcHCwlHF6c" title="Granted">10.00</span></td><td style="width: 1%; color: black; text-align: left"> </td><td style="width: 3%; color: black"> </td> <td style="width: 1%; color: black; text-align: left"> </td><td id="xdx_98F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20210101__20210930_zhKHIPzHCCxb" style="width: 15%; color: black; text-align: right" title="Fair value of options">1,389,713</td><td style="width: 1%; color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Exercised</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td id="xdx_981_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_c20210101__20210930_zbLcoZ3ZY5Mk" style="color: black; text-align: right" title="Exercised"><span style="-sec-ix-hidden: xdx2ixbrl0870">—</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_c20210101__20210930_zbfQOI8WGCHk" style="color: black; text-align: right" title="Exercised"><span style="-sec-ix-hidden: xdx2ixbrl0872">—</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right">—</td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right">—</td><td style="color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Forfeited/canceled</span></td><td style="padding-bottom: 1pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; color: black; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_c20210101__20210930_z8ve6VKAtbQh" style="border-bottom: Black 1pt solid; color: black; text-align: right" title="Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl0874">—</span></td><td style="padding-bottom: 1pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; color: black; text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_c20210101__20210930_zqxIwUP6NqN6" style="border-bottom: Black 1pt solid; color: black; text-align: right" title="Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl0876">—</span></td><td style="padding-bottom: 1pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; color: black; text-align: left"> </td><td style="border-bottom: Black 1pt solid; color: black; text-align: right">—</td><td style="padding-bottom: 1pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; color: black; text-align: left"> </td><td style="border-bottom: Black 1pt solid; color: black; text-align: right">—</td><td style="padding-bottom: 1pt; color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Outstanding, September 30, 2021</span></td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20210101__20210930_zQ2CfOVyp8We" style="border-bottom: Black 2.5pt double; color: black; text-align: right" title="Outstanding at end of period">592,500</td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left">$</td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20210101__20210930_zaEtrCcCHJ9h" style="border-bottom: Black 2.5pt double; color: black; text-align: right" title="Outstanding at end of period">5.51</td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; color: black; text-align: right"><span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930_zpzlTHNFIRT3" title="Outstanding at end of period">9.73</span></td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; color: black; text-align: right">—</td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Exercisable options, September 30, 2021</span></td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20210930_zpuLoLhhAdId" style="border-bottom: Black 2.5pt double; color: black; text-align: right" title="Exercisable at end of period">29,194</td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iI_c20210930_z9v1c3y1H5Ej" style="border-bottom: Black 2.5pt double; color: black; text-align: right" title="Exercisable at end of period">5.80</td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; color: black; text-align: right"><span id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20210101__20210930_z1lchbC41W3l" title="Exercisable at end of period">9.69</span></td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
592500 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.51
tvpc Sharebased Compensation Arrangement By Granted Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementByGrantedSharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1389713 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
592500 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.51
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655726 usd
tvpc Increase In Rightofuse Asset And Lease Liability
IncreaseInRightofuseAssetAndLeaseLiability
1586738 usd
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
90000 usd
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
373800 usd
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
396900 usd
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
416745 usd
CY2021Q2 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
(40,000)-for-one
CY2021Q2 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
3999900 shares
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_842_eus-gaap--UseOfEstimates_z7yRtxgXIXC6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Use of Estimates</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Some of these judgments can be subjective and complex, and, consequently, actual results may differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8978908 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
891816 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_zUegBPxQR684" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_860_zPVj4C7GLmo6">Concentrations of Credit and Business Risk</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of trade receivables. Credit risk on trade receivables is mitigated as a result of the Company’s use of trade letters of credit, dealer floor plan financing arrangements, and the geographically diversified nature of the Company’s customer base. The Company minimizes the concentration of credit risk associated with its cash by maintaining its cash with high quality federally insured financial institutions. However, cash balances in excess of the Federal Deposit Insurance Corporation (“FDIC”) insured limit of $<span id="xdx_902_eus-gaap--CashFDICInsuredAmount_c20210930_pp0p0" title="FDIC insured limit">250,000</span> are at risk. As of September 30, 2021 and December 31, 2020, the Company had $<span id="xdx_90C_eus-gaap--CashUninsuredAmount_c20210930_pp0p0" title="FDIC uninsured amount">8,728,908</span> and $<span id="xdx_906_eus-gaap--CashUninsuredAmount_c20201231_pp0p0" title="FDIC uninsured amount">641,816</span>, respectively, in excess of FDIC insured limits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2021Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2021Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
8728908 usd
CY2020Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
641816 usd
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
162637 usd
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6784 usd
CY2021Q3 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
2805739 usd
CY2020Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
1475873 usd
CY2021Q3 us-gaap Marketable Securities
MarketableSecurities
6090885 usd
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
2072464 usd
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
763633 usd
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
288913 usd
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
173043 usd
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
90417 usd
CY2021Q3 us-gaap Inventory Net
InventoryNet
2451794 usd
CY2020Q4 us-gaap Inventory Net
InventoryNet
936676 usd
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2625425 usd
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1651906 usd
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
394696 usd
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
286877 usd
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2230729 usd
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1365029 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
132089 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
95954 usd
CY2021Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0036 pure
CY2020Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0167 pure
tvpc Schedule Of Leases Supplemental Balance Sheet Information
ScheduleOfLeasesSupplementalBalanceSheetInformation
<table cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfLeasesSupplementalBalanceSheetInformation_zbJVzdl0AMMb" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Leases - Related Party (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-top: 0; padding-right: 0"><span id="xdx_8B9_zqv5UNubEjx8" style="display: none">Schedule of leases supplemental balance sheet information</span></td><td> </td> <td colspan="3" id="xdx_499_20210930_zcnKr0WBTC8b" style="text-align: center"> </td><td> </td> <td colspan="3" id="xdx_492_20201231_z65HgKRdeIu8" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">September 30,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left">Operating lease ROU asset</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,646,700</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,279,595</td><td style="width: 1%; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_493_20210930_z1n85t05WNw9" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20201231_zHyvNx09cWzk" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">September 30,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td></tr> <tr id="xdx_40A_eus-gaap--OperatingLeaseLiabilityAbstract_iB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating lease liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pp0p0_maOLLz0NW_zgfrG0FbOjO5" style="vertical-align: bottom; background-color: White"> <td style="width: 56%; text-align: left">Current portion</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">364,822</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">295,374</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p0_maOLLz0NW_zqLbVfo78tq4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Non-current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,336,437</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,015,759</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeaseLiability_iTI_pp0p0_mtOLLz0NW_zcCl6dIPhSf2" style="vertical-align: bottom; background-color: White"> <td style="color: White">Total lease liabilities </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,701,259</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,311,133</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1646700 usd
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1279595 usd
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
364822 usd
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
295374 usd
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1336437 usd
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1015759 usd
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1701259 usd
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1311133 usd
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
437582 usd
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1715027 usd
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13768 usd
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1701259 usd
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0036 pure
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M
us-gaap Operating Lease Cost
OperatingLeaseCost
293022 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
248652 usd
us-gaap Lease Cost
LeaseCost
293022 usd
us-gaap Lease Cost
LeaseCost
248652 usd
CY2021Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
254300 usd
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
60988 usd
CY2021Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
68500 usd
CY2020Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
0 usd
CY2021Q3 tvpc Accrued Operating Expenses
AccruedOperatingExpenses
63131 usd
CY2020Q4 tvpc Accrued Operating Expenses
AccruedOperatingExpenses
0 usd
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
28879 usd
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
62317 usd
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
77395 usd
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
19631 usd
CY2021Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
492205 usd
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
142936 usd
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1846 usd
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
9459 usd
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
9820 usd
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
10195 usd
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
501566 usd
CY2021Q3 us-gaap Due From Affiliates
DueFromAffiliates
115043 usd
CY2021Q3 us-gaap Contractual Obligation
ContractualObligation
2844000 usd
CY2020Q4 us-gaap Contractual Obligation
ContractualObligation
1790000 usd
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2021Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
10000000 shares
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
forty-thousand (40,000)-for-one stock split
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
407500 shares
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
86571 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
86571 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
86571 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
592500 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.49 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.72 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.78 pure
tvpc Expected Volatility Of Option Table Textblock
ExpectedVolatilityOfOptionTableTextblock
<table cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ExpectedVolatilityOfOptionTableTextblock_zkOBm49vQv8e" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="color: black; text-align: justify"><span id="xdx_8B6_zNQAYXLUfjUj" style="display: none">Schedule of Expected Volatility Of Option</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right"> </td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right"> </td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right"> </td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right"> </td><td style="color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; color: black; text-align: center">Options Outstanding</td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="3" style="color: black; text-align: center">Weighted Average</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td style="color: black"> </td> <td colspan="3" style="color: black; text-align: center">Number of</td><td style="color: black"> </td> <td colspan="3" style="color: black; text-align: center">Weighted Average</td><td style="color: black"> </td> <td colspan="3" style="color: black; text-align: center">Remaining life</td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; color: black; text-align: center">Options</td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; color: black; text-align: center">Exercise Price</td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; color: black; text-align: center">(years)</td><td style="color: black; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; color: black; text-align: center">Fair value of option</td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Outstanding, December 31, 2020</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20210101__20210930_zhgjF3vT7JH8" style="color: black; text-align: right" title="Outstanding at beginning of period"><span style="-sec-ix-hidden: xdx2ixbrl0858">—</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left">$</td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20210101__20210930_zX4KWzc3jEma" style="color: black; text-align: right" title="Outstanding at beginning of period"><span style="-sec-ix-hidden: xdx2ixbrl0860">—</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right">—</td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left">$</td><td style="color: black; text-align: right">—</td><td style="color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 16%; color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Granted</span></td><td style="width: 1%; color: black; text-align: left"> </td><td style="width: 3%; color: black"> </td> <td style="width: 1%; color: black; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20210101__20210930_zp6P4umQAoM4" style="width: 16%; color: black; text-align: right" title="Granted">592,500</td><td style="width: 1%; color: black; text-align: left"> </td><td style="width: 3%; color: black"> </td> <td style="width: 1%; color: black; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20210101__20210930_zlM4vYLeTsIf" style="width: 16%; color: black; text-align: right" title="Granted">5.51</td><td style="width: 1%; color: black; text-align: left"> </td><td style="width: 3%; color: black"> </td> <td style="width: 1%; color: black; text-align: left"> </td><td style="width: 15%; color: black; text-align: right"><span id="xdx_90B_ecustom--SharebasedCompensationArrangementByGrantedSharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930_zHMcHCwlHF6c" title="Granted">10.00</span></td><td style="width: 1%; color: black; text-align: left"> </td><td style="width: 3%; color: black"> </td> <td style="width: 1%; color: black; text-align: left"> </td><td id="xdx_98F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20210101__20210930_zhKHIPzHCCxb" style="width: 15%; color: black; text-align: right" title="Fair value of options">1,389,713</td><td style="width: 1%; color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Exercised</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td id="xdx_981_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_c20210101__20210930_zbLcoZ3ZY5Mk" style="color: black; text-align: right" title="Exercised"><span style="-sec-ix-hidden: xdx2ixbrl0870">—</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_c20210101__20210930_zbfQOI8WGCHk" style="color: black; text-align: right" title="Exercised"><span style="-sec-ix-hidden: xdx2ixbrl0872">—</span></td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right">—</td><td style="color: black; text-align: left"> </td><td style="color: black"> </td> <td style="color: black; text-align: left"> </td><td style="color: black; text-align: right">—</td><td style="color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Forfeited/canceled</span></td><td style="padding-bottom: 1pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; color: black; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_c20210101__20210930_z8ve6VKAtbQh" style="border-bottom: Black 1pt solid; color: black; text-align: right" title="Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl0874">—</span></td><td style="padding-bottom: 1pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; color: black; text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_c20210101__20210930_zqxIwUP6NqN6" style="border-bottom: Black 1pt solid; color: black; text-align: right" title="Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl0876">—</span></td><td style="padding-bottom: 1pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; color: black; text-align: left"> </td><td style="border-bottom: Black 1pt solid; color: black; text-align: right">—</td><td style="padding-bottom: 1pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; color: black; text-align: left"> </td><td style="border-bottom: Black 1pt solid; color: black; text-align: right">—</td><td style="padding-bottom: 1pt; color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Outstanding, September 30, 2021</span></td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20210101__20210930_zQ2CfOVyp8We" style="border-bottom: Black 2.5pt double; color: black; text-align: right" title="Outstanding at end of period">592,500</td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left">$</td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20210101__20210930_zaEtrCcCHJ9h" style="border-bottom: Black 2.5pt double; color: black; text-align: right" title="Outstanding at end of period">5.51</td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; color: black; text-align: right"><span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930_zpzlTHNFIRT3" title="Outstanding at end of period">9.73</span></td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; color: black; text-align: right">—</td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="color: black; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif; color: black">Exercisable options, September 30, 2021</span></td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20210930_zpuLoLhhAdId" style="border-bottom: Black 2.5pt double; color: black; text-align: right" title="Exercisable at end of period">29,194</td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iI_c20210930_z9v1c3y1H5Ej" style="border-bottom: Black 2.5pt double; color: black; text-align: right" title="Exercisable at end of period">5.80</td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="color: black; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; color: black; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; color: black; text-align: right"><span id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20210101__20210930_z1lchbC41W3l" title="Exercisable at end of period">9.69</span></td><td style="padding-bottom: 2.5pt; color: black; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
592500 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.51
tvpc Sharebased Compensation Arrangement By Granted Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementByGrantedSharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1389713 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
592500 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.51
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y8M23D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
29194 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.80
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P9Y8M8D
CY2021Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
249499 usd
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
434724 usd

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