2023 Q4 Form 10-Q Financial Statement

#000149315223039882 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $8.072M $7.179M $7.114M
YoY Change 9.41% 0.91% -36.48%
Cost Of Revenue $4.403M $3.302M $3.616M
YoY Change -11.57% -8.68% -14.39%
Gross Profit $3.669M $3.877M $3.498M
YoY Change 52.94% 10.83% -49.86%
Gross Profit Margin 45.45% 54.0% 49.17%
Selling, General & Admin $4.876M $4.793M $4.624M
YoY Change 15.53% 3.65% 2.6%
% of Gross Profit 132.9% 123.63% 132.19%
Research & Development $1.013M $805.0K $885.0K
YoY Change 12.06% -9.04% 5.23%
% of Gross Profit 27.61% 20.76% 25.3%
Depreciation & Amortization $348.0K $313.0K $502.0K
YoY Change 16.78% -37.65% 46.36%
% of Gross Profit 9.48% 8.07% 14.35%
Operating Expenses $6.237M $805.0K $885.0K
YoY Change 15.02% -9.04% -84.45%
Operating Profit -$2.568M -$2.291M -$2.808M
YoY Change -15.06% -18.41% -318.52%
Interest Expense $110.0K $302.0K -$3.000K
YoY Change -466.67% -10166.67%
% of Operating Profit
Other Income/Expense, Net $38.00K $266.0K $14.00K
YoY Change 1800.0% 1300.0%
Pretax Income -$2.427M -$2.025M -$2.794M
YoY Change -56.36% -27.52% -513.31%
Income Tax -$54.00K -$55.00K -$54.00K
% Of Pretax Income
Net Earnings -$2.373M -$1.970M -$2.740M
YoY Change -57.07% -28.1% -505.33%
Net Earnings / Revenue -29.4% -27.44% -38.52%
Basic Earnings Per Share -$0.83 -$0.06
Diluted Earnings Per Share -$0.99 -$0.83 -$57.79K
COMMON SHARES
Basic Shares Outstanding 2.388M shares 2.377M shares 47.42M shares
Diluted Shares Outstanding 2.382M shares 2.370M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.21M $18.16M $24.48M
YoY Change -44.54% -25.8% -35.69%
Cash & Equivalents $8.482M $7.240M $24.48M
Short-Term Investments $5.731M $10.92M
Other Short-Term Assets $1.560M $2.033M $1.577M
YoY Change 26.62% 28.92% -39.49%
Inventory $14.03M $13.54M $15.07M
Prepaid Expenses
Receivables $8.680M $7.407M $9.386M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $38.48M $41.14M $50.51M
YoY Change -14.27% -18.55% -13.68%
LONG-TERM ASSETS
Property, Plant & Equipment $2.644M $1.762M $1.361M
YoY Change 84.38% 29.46% -38.28%
Goodwill
YoY Change
Intangibles $3.866M $4.156M $4.648M
YoY Change -12.14% -10.59%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $6.510M $6.634M $7.133M
YoY Change -5.78% -7.0% -60.13%
TOTAL ASSETS
Total Short-Term Assets $38.48M $41.14M $50.51M
Total Long-Term Assets $6.510M $6.634M $7.133M
Total Assets $44.99M $47.77M $57.64M
YoY Change -13.14% -17.12% -24.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.183M $3.131M $2.979M
YoY Change 21.21% 5.1% 14.71%
Accrued Expenses $2.041M $1.807M $1.788M
YoY Change 30.17% 1.06% -57.92%
Deferred Revenue $1.490M $2.205M $2.163M
YoY Change -3.25% 1.94%
Short-Term Debt $0.00 $199.0K $251.0K
YoY Change -100.0% -20.72% -35.97%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.714M $7.714M $7.632M
YoY Change 7.03% 1.07% -12.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $755.0K $823.0K $1.152M
YoY Change -31.8% -28.56% -0.95%
Total Long-Term Liabilities $755.0K $823.0K $1.152M
YoY Change -31.8% -28.56% -0.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.714M $7.714M $7.632M
Total Long-Term Liabilities $755.0K $823.0K $1.152M
Total Liabilities $8.015M $9.137M $9.602M
YoY Change -1.58% -4.84% -3.22%
SHAREHOLDERS EQUITY
Retained Earnings -$309.2M -$306.9M -$294.6M
YoY Change 3.03% 4.18%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $277.0K $277.0K $277.0K
YoY Change 0.0% 0.0%
Treasury Stock Shares 2.659K shares
Shareholders Equity $36.98M $38.63M $48.04M
YoY Change
Total Liabilities & Shareholders Equity $44.99M $47.77M $57.64M
YoY Change -13.14% -17.12% -24.56%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$2.373M -$1.970M -$2.740M
YoY Change -57.07% -28.1% -505.33%
Depreciation, Depletion And Amortization $348.0K $313.0K $502.0K
YoY Change 16.78% -37.65% 46.36%
Cash From Operating Activities -$3.756M -$2.802M -$3.529M
YoY Change -247.82% -20.6% -70680.0%
INVESTING ACTIVITIES
Capital Expenditures $196.0K $82.00K -$54.00K
YoY Change 71.93% -251.85% 50.0%
Acquisitions
YoY Change
Other Investing Activities $5.030M -$272.0K $0.00
YoY Change -100.0%
Cash From Investing Activities $4.834M -$354.0K -$54.00K
YoY Change -4340.35% 555.56% -99.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -198.0K -199.0K -333.0K
YoY Change 18.56% -40.24% 608.51%
NET CHANGE
Cash From Operating Activities -3.756M -2.802M -3.529M
Cash From Investing Activities 4.834M -354.0K -54.00K
Cash From Financing Activities -198.0K -199.0K -333.0K
Net Change In Cash 880.0K -3.355M -3.916M
YoY Change -61.06% -14.33% -77.53%
FREE CASH FLOW
Cash From Operating Activities -$3.756M -$2.802M -$3.529M
Capital Expenditures $196.0K $82.00K -$54.00K
Free Cash Flow -$3.952M -$2.884M -$3.475M
YoY Change -262.83% -17.01% -8575.61%

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6918000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8194000 usd
CY2023Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-55000 usd
CY2022Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-54000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-164000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-161000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1970000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-2740000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6754000 usd
us-gaap Net Income Loss
NetIncomeLoss
-8033000 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.83
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.83
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.16
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.46
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2382000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2382000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2370000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2370000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2377000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2377000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2322000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2322000 shares
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1970000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-2740000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6754000 usd
us-gaap Net Income Loss
NetIncomeLoss
-8033000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
364000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-746000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
64000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-1885000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2334000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1994000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6818000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6148000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
40625000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1970000 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-364000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
343000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
38634000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6754000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-64000 usd
VISL Stock Issued During Period Value Compensation Awards For Services Previously Accrued
StockIssuedDuringPeriodValueCompensationAwardsForServicesPreviouslyAccrued
200000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1600000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
38634000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
51187000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-2740000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-746000 usd
CY2022Q3 VISL Satisfaction Of Accounts Payable Vendor Balance
SatisfactionOfAccountsPayableVendorBalance
23000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
315000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
48039000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
56633000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
56633000 usd
us-gaap Net Income Loss
NetIncomeLoss
-8033000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1885000 usd
VISL Satisfaction Of Accounts Payable Vendor Balance
SatisfactionOfAccountsPayableVendorBalance
54000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1270000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
48039000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
48039000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6754000 usd
us-gaap Net Income Loss
NetIncomeLoss
-8033000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
26000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-164000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-161000 usd
VISL Unrealized Loss On Fair Value Of Investment In Bonds Held To Maturity
UnrealizedLossOnFairValueOfInvestmentInBondsHeldToMaturity
67000 usd
VISL Accretion Of Bond Discount
AccretionOfBondDiscount
224000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1600000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1270000 usd
VISL Stock Issuance Commitments
StockIssuanceCommitments
200000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
64000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
19000 usd
VISL Recovery Of Bad Debt
RecoveryOfBadDebt
8000 usd
VISL Recovery Of Bad Debt
RecoveryOfBadDebt
17000 usd
us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
480000 usd
us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
404000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
276000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
152000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
913000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1424000 usd
VISL Impairment Of Rightofuse Assets
ImpairmentOfRightofuseAssets
83000 usd
VISL Impairment Of Rightofuse Assets
ImpairmentOfRightofuseAssets
88000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1400000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
803000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1598000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6077000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
278000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1695000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
505000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
33000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
445000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1555000 usd
VISL Increase Decrease In Accrued Directors Compensation
IncreaseDecreaseInAccruedDirectorsCompensation
-5000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-367000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-464000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
373000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
84000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5992000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11767000 usd
VISL Cash Used For Investment In Securities Held To Maturity
CashUsedForInvestmentInSecuritiesHeldToMaturity
10763000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
269000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
502000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
352000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11534000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-352000 usd
us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
409000 usd
us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
791000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-409000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-791000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-452000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1155000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18387000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11755000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25627000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
36231000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7240000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
24476000 usd
us-gaap Interest Paid Net
InterestPaidNet
11000 usd
us-gaap Interest Paid Net
InterestPaidNet
9000 usd
VISL Assets Acquired In Asset Acquisition
AssetsAcquiredInAssetAcquisition
561000 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
292000 usd
us-gaap Notes Issued1
NotesIssued1
523000 usd
us-gaap Notes Issued1
NotesIssued1
943000 usd
VISL Settlement Of Amounts Due Accounts Payable
SettlementOfAmountsDueAccountsPayable
54000 usd
VISL Compensation Awards Previously Accrued
CompensationAwardsPreviouslyAccrued
200000 usd
VISL Operating Lease Asset Amortization
OperatingLeaseAssetAmortization
-276000 usd
VISL Operating Lease Asset Amortization
OperatingLeaseAssetAmortization
-152000 usd
VISL Lease Termination
LeaseTermination
-131000 usd
VISL Operating Impairments
OperatingImpairments
-83000 usd
VISL Operating Impairments
OperatingImpairments
-43000 usd
VISL Loss On Lease Impairments
LossOnLeaseImpairments
83000 usd
VISL Loss On Lease Impairments
LossOnLeaseImpairments
88000 usd
VISL Rou Assets And Operating Lease Obligations Recognized
ROUAssetsAndOperatingLeaseObligationsRecognized
-276000 usd
VISL Rou Assets And Operating Lease Obligations Recognized
ROUAssetsAndOperatingLeaseObligationsRecognized
-238000 usd
VISL Noncash Changes To Operating Lease Liabilities Accretion
NoncashChangesToOperatingLeaseLiabilitiesAccretion
-367000 usd
VISL Noncash Changes To Operating Lease Liabilities Accretion
NoncashChangesToOperatingLeaseLiabilitiesAccretion
-464000 usd
VISL Recognization Of Operating Lease Liabilities
RecognizationOfOperatingLeaseLiabilities
-367000 usd
VISL Recognization Of Operating Lease Liabilities
RecognizationOfOperatingLeaseLiabilities
-464000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_843_eus-gaap--UseOfEstimates_zDoxhhr85f9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_z7YWZbiT1Mj6">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited condensed consolidated financial statements. These estimates also affect the reported revenues and expenses during the reporting periods. Significant accounting estimates reflected in the Company’s unaudited condensed consolidated financial statements include the useful lives of property, plant, and equipment, the useful lives of right-of-use assets, the useful lives of intangible assets, impairment of long-lived assets, allowance for accounts receivable doubtful accounts, allowance for inventory obsolescence reserve, allowance for deferred tax assets, valuation of warranty reserves, contingent consideration liabilities, and the accrual of potential liabilities. Actual results could differ from estimates, and any such differences may be material to our unaudited condensed consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Operating Income Loss
OperatingIncomeLoss
-8000000.0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6000000.0 usd
CY2023Q3 VISL Working Capital
WorkingCapital
33400000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-306900000 usd
CY2023Q3 us-gaap Cash
Cash
7200000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
25627000 usd
CY2023Q3 VISL Federally Insured Money Market Mutual Funds
FederallyInsuredMoneyMarketMutualFunds
4534000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7240000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25627000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
532000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
494000 shares
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
58000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
52000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
55000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
47000 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
58000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
52000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
55000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
47000 usd
CY2023Q3 VISL Accumulated Comprehensive Income Unrealized Loss On Currency Translation Adjustment
AccumulatedComprehensiveIncomeUnrealizedLossOnCurrencyTranslationAdjustment
364000 usd
CY2022Q3 VISL Accumulated Comprehensive Income Unrealized Loss On Currency Translation Adjustment
AccumulatedComprehensiveIncomeUnrealizedLossOnCurrencyTranslationAdjustment
-746000 usd
VISL Accumulated Comprehensive Income Unrealized Loss On Currency Translation Adjustment
AccumulatedComprehensiveIncomeUnrealizedLossOnCurrencyTranslationAdjustment
64000 usd
VISL Accumulated Comprehensive Income Unrealized Loss On Currency Translation Adjustment
AccumulatedComprehensiveIncomeUnrealizedLossOnCurrencyTranslationAdjustment
-1885000 usd
CY2023Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
2706000 usd
CY2022Q4 VISL Beginning Balance Cost Accumulated Amortization
BeginningBalanceCostAccumulatedAmortization
4400000 usd
VISL Additionscost Accumulated Amortizations
AdditionscostAccumulatedAmortizations
496000 usd
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
5065789 usd
CY2023Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
5000000 usd
CY2023Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-10-24
CY2023Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.051948 pure
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
253289 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4812500 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4982000 usd
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
4999750 usd
CY2023Q1 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
25729 usd
CY2023Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
5000000 usd
CY2023Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-12-22
CY2023Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.04750 pure
CY2023Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
5025479 usd
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
950000 usd
CY2023Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2024-02-28
CY2023Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0507 pure
CY2023Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
950000 usd
CY2023Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
10920000 usd
CY2023Q3 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
10987000 usd
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
67000000 usd
CY2023Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
10920000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
740000 usd
CY2023Q3 VISL Ending Balance Cost Accumulated Amortization
EndingBalanceCostAccumulatedAmortization
4156000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4156000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4400000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
250000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
453000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
740000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1273000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P4Y10M24D
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
793000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
791000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
726000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
467000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
289000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1090000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4156000 usd
CY2023Q3 us-gaap Notes Payable Current
NotesPayableCurrent
199000 usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
84000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
700000 usd
VISL Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
1500000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1200000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
400000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
800000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
us-gaap Lessee Operating Lease Option To Terminate
LesseeOperatingLeaseOptionToTerminate
October 2023 and May 2027
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.095 pure
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
97000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
105000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
303000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
338000 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5000 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
10000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
25000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
84000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
102000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
115000 usd
us-gaap Lease Cost
LeaseCost
328000 usd
us-gaap Lease Cost
LeaseCost
422000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
473000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
380000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.095 pure
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.094 pure
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
471000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
508000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
278000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
122000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1379000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
184000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1195000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
372000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
823000 usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2023Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-2
CY2023Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-50
CY2023Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-20
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1600000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
343000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
315000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1600000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1270000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7179000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7123000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19410000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20749000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7179000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7123000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19410000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20749000 usd
CY2023Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
6634000 usd
CY2022Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
7133000 usd
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001493152-23-039882-index-headers.html Edgar Link pending
0001493152-23-039882-index.html Edgar Link pending
0001493152-23-039882.txt Edgar Link pending
0001493152-23-039882-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
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visl-20230930.xsd Edgar Link pending
visl-20230930_cal.xml Edgar Link unprocessable
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