2022 Q3 Form 10-Q Financial Statement

#000121390022047878 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $986.9K $992.4K $1.031M
YoY Change -13.28% -9.44% -10.35%
Cost Of Revenue $693.4K $623.6K $697.6K
YoY Change -3.97% -15.24% 1.11%
Gross Profit $293.6K $368.9K $333.3K
YoY Change -29.44% 2.42% -25.93%
Gross Profit Margin 29.75% 37.17% 32.33%
Selling, General & Admin $832.7K $932.2K $1.099M
YoY Change -39.57% -41.94% -8.38%
% of Gross Profit 283.62% 252.73% 329.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
% of Gross Profit 0.0% 0.0% 0.0%
Operating Expenses $1.526M $1.556M $1.099M
YoY Change 10.75% -33.55% -9.14%
Operating Profit -$539.1K -$563.4K -$766.1K
YoY Change -43.95% -54.77% 0.81%
Interest Expense $32.76K
YoY Change
% of Operating Profit
Other Income/Expense, Net $139.6K $139.6K
YoY Change
Pretax Income -$399.5K -$563.4K -$626.6K
YoY Change -58.46% -54.77% -16.46%
Income Tax
% Of Pretax Income
Net Earnings -$399.5K -$563.4K -$626.6K
YoY Change -58.46% -54.77% -16.46%
Net Earnings / Revenue -40.48% -56.77% -60.77%
Basic Earnings Per Share -$0.03 -$0.05 -$0.06
Diluted Earnings Per Share -$0.03 -$0.05 -$55.28K
COMMON SHARES
Basic Shares Outstanding 11.74M shares 11.44M shares 11.38M shares
Diluted Shares Outstanding 12.07M shares 11.44M shares 11.33M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $361.7K $23.49K $8.290K
YoY Change -9.93% -26.75% -90.79%
Cash & Equivalents $361.7K $23.49K $8.293K
Short-Term Investments
Other Short-Term Assets $323.0K $327.9K $119.6K
YoY Change 243.87% 153.95% -8.04%
Inventory $44.50K $156.6K
Prepaid Expenses
Receivables $231.9K $302.6K $697.2K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $916.6K $698.5K $981.6K
YoY Change -22.9% -31.35% -55.98%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00
YoY Change -100.0% -100.0%
Goodwill $8.366M $8.366M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $8.366M $8.366M $8.366M
YoY Change -0.03% -0.04% -0.16%
TOTAL ASSETS
Total Short-Term Assets $916.6K $698.5K $981.6K
Total Long-Term Assets $8.366M $8.366M $8.366M
Total Assets $9.283M $9.065M $9.348M
YoY Change -2.87% -3.44% -11.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $600.0K $600.0K $1.854M
YoY Change -75.96% -76.51% -0.88%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.329M $2.625M $2.843M
YoY Change -29.78% -27.09% -35.97%
LONG-TERM LIABILITIES
Long-Term Debt $154.4K $294.0K $294.0K
YoY Change -64.39% -32.2% -31.63%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $154.4K $294.0K $294.0K
YoY Change -64.39% -32.2% -31.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.329M $2.625M $2.843M
Total Long-Term Liabilities $154.4K $294.0K $294.0K
Total Liabilities $2.484M $2.919M $3.137M
YoY Change -33.79% -27.63% -35.58%
SHAREHOLDERS EQUITY
Retained Earnings -$25.60M -$25.20M
YoY Change
Common Stock $13.01K $11.73K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.799M $6.146M $6.211M
YoY Change
Total Liabilities & Shareholders Equity $9.283M $9.065M $9.348M
YoY Change -2.87% -3.44% -11.89%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$399.5K -$563.4K -$626.6K
YoY Change -58.46% -54.77% -16.46%
Depreciation, Depletion And Amortization $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Cash From Operating Activities -$386.8K $15.20K -$62.78K
YoY Change 51.41% -128.17% -85.4%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 725.1K 0.000
YoY Change 16.01% -100.0%
NET CHANGE
Cash From Operating Activities -386.8K 15.20K -62.78K
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 725.1K 0.000
Net Change In Cash 338.2K 15.20K $0.00
YoY Change -8.47% -127.97%
FREE CASH FLOW
Cash From Operating Activities -$386.8K $15.20K -$62.78K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
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false
dei Entity File Number
EntityFileNumber
001-37899
dei Entity Registrant Name
EntityRegistrantName
SCWORX CORP.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-5412331
dei Entity Address Address Line1
EntityAddressAddressLine1
590 Madison Avenue
dei Entity Address Address Line2
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21st Floor
dei Entity Address State Or Province
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NY
dei Entity Address City Or Town
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dei Entity Address Postal Zip Code
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dei City Area Code
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dei Local Phone Number
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472-9679
dei Security12b Title
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dei Trading Symbol
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dei Security Exchange Name
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Concentration of Credit and Other Risks</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash, accounts receivable and warrants. The Company believes that any concentration of credit risk in its accounts receivable is substantially mitigated by the Company’s evaluation process, relatively short collection terms and the high level of credit worthiness of its customers. The Company performs ongoing internal credit evaluations of its customers’ financial condition, obtains deposits and limits the amount of credit extended when deemed necessary but generally requires no collateral.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Significant customers are those which represent more than 10% of the Company’s revenue for each period presented, or the Company’s accounts receivable balance as of each respective balance sheet date. For each significant customer, revenue as a percentage of total revenue and accounts receivable as a percentage of total net accounts receivable are as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="6" style="text-align: center; font-weight: bold">Revenue</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center"> </td> <td colspan="6" style="text-align: center"> </td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="6" style="text-align: center; font-weight: bold">For the six months ended</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="6" style="text-align: center; font-weight: bold">Accounts Receivable</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">June 30,</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">June 30,</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left; font-weight: bold">Customers</td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">2022</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">2021</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">2022</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">2021</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left">Customer A</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">13</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">7</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">13</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Customer B</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">40</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Customer C</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Customer D</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Customer E</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-137; font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-138; font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-139; font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td><td style="text-align: left">%</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p>
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.10 pure
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
499861 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
421736 usd
CY2022Q2 worx Gowns In Inventory
GownsInInventory
87000 usd
CY2021Q4 us-gaap Other Inventory
OtherInventory
366840 usd
CY2022Q2 us-gaap Other Inventory
OtherInventory
112100 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
523440 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
523440 usd
CY2022Q2 worx Allowance For Obsolescence
AllowanceForObsolescence
478940 usd
CY2021Q4 worx Allowance For Obsolescence
AllowanceForObsolescence
366840 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
44500 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
156600 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1865 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72548 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
589000 usd
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
472750 usd
CY2022Q2 worx Contract Liabilities
ContractLiabilities
589000 usd
CY2021Q4 worx Contract Liabilities
ContractLiabilities
472750 usd
CY2021Q2 worx Operating Leases Cost
OperatingLeasesCost
-6907 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and accompanying notes. The Company regularly evaluates estimates and assumptions related to the allowance for doubtful accounts, the estimated useful lives and recoverability of long-lived assets, stock-based compensation, goodwill, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Actual results could differ materially from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2020Q2 worx Cares Act Description
CARESActDescription
The CARES Act was established in order to enable small businesses to pay employees during the economic slowdown caused by COVID-19 by providing forgivable loans to qualifying businesses for up to 2.5 times their average monthly payroll costs. The amount borrowed under the CARES Act and used for payroll costs, rent, mortgage interest, and utility costs during the 24 week period after the date of loan disbursement is eligible to be forgiven provided that (a) the Company uses the PPP Funds during the eight week period after receipt thereof, and (b) the PPP Funds are only used to cover payroll costs (including benefits), rent, mortgage interest, and utility costs. While the full loan amount may be forgiven, the amount of loan forgiveness will be reduced if, among other reasons, the Company does not maintain staffing or payroll levels or less than 60% of the loan proceeds are used for payroll costs.
CY2020Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.01 pure
CY2020Q2 us-gaap Debt Instrument Term
DebtInstrumentTerm
P2Y
CY2021Q1 worx Finance Leases Liability
FinanceLeasesLiability
139595 usd
CY2021Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.01 pure
CY2021Q1 us-gaap Debt Instrument Term
DebtInstrumentTerm
P2Y
CY2022Q2 worx Operating Lease Liabilities
OperatingLeaseLiabilities
0 usd
CY2021Q4 worx Operating Lease Liabilities
OperatingLeaseLiabilities
0 usd
CY2022Q2 worx Operating Leases Cost
OperatingLeasesCost
434 usd
worx Share Based Compensation Common Stock
ShareBasedCompensationCommonStock
1230362 usd
worx Operating Leases Cost
OperatingLeasesCost
921 usd
worx Operating Leases Cost
OperatingLeasesCost
13807 usd
CY2022Q2 worx Total Leases Cost
TotalLeasesCost
434 usd
CY2021Q2 worx Total Leases Cost
TotalLeasesCost
-6907 usd
worx Total Leases Cost
TotalLeasesCost
921 usd
worx Total Leases Cost
TotalLeasesCost
13807 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
434 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
921 usd
CY2022Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
100000 shares
CY2022Q1 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
600000 usd
CY2022Q1 us-gaap Retention Payable
RetentionPayable
700000 usd
CY2022Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
190000 usd
CY2022Q2 worx Penalty Payment
PenaltyPayment
125000 usd
CY2022Q2 us-gaap Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
471000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
32761.56 usd
CY2022Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
600000 usd
CY2022Q1 worx Share Based Compensation Arrangement By Share Based Payment Award Options Vested Restricted Units
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedRestrictedUnits
71666 shares
CY2022Q2 worx Share Based Compensation Arrangement By Share Based Payment Award Options Vested Restricted Units
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedRestrictedUnits
71666 shares
CY2022Q1 worx Shares Issued As Settlement Of Accounts Payable1
SharesIssuedAsSettlementOfAccountsPayable1
12196 usd
CY2022Q1 worx Accounts Payable Current1
AccountsPayableCurrent1
10000 usd
CY2022Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.82
CY2022Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
75000 usd
CY2022Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
75000 usd
CY2022Q2 us-gaap Shares Issued
SharesIssued
277778 shares
CY2022Q2 us-gaap Equity Fair Value Adjustment
EquityFairValueAdjustment
200000 usd
CY2022Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.72
CY2020Q2 us-gaap Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
the Company received $515,000 of a committed $565,000 from the sale of 135,527 shares of common stock (at a price of $3.80 per share) and warrants to purchase 169,409 shares of common stock, at an exercise price of $4.00 per share. As of June 30, 2022, $415,000 worth of the shares and warrants have been issued.
CY2022Q2 worx Equity Financing Current
EquityFinancingCurrent
125000 usd
CY2022Q2 worx Share Based Compensation Total
ShareBasedCompensationTotal
297981 usd
CY2021Q2 worx Share Based Compensation Total
ShareBasedCompensationTotal
729644 usd
worx Share Based Compensation Total
ShareBasedCompensationTotal
645549 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
800000 usd
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
297981 usd
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
729644 usd
us-gaap Share Based Compensation
ShareBasedCompensation
645549 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1230362 usd
CY2022Q2 worx Share Based Compensation Common Stock
ShareBasedCompensationCommonStock
297981 usd
CY2021Q2 worx Share Based Compensation Common Stock
ShareBasedCompensationCommonStock
729644 usd
worx Share Based Compensation Common Stock
ShareBasedCompensationCommonStock
645549 usd
worx Share Based Compensation Total
ShareBasedCompensationTotal
1230362 usd
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1161913 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
881308 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1161913 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
881308 shares
CY2022Q2 us-gaap Due From Officers Or Stockholders
DueFromOfficersOrStockholders
153838 usd
CY2021Q4 us-gaap Due From Officers Or Stockholders
DueFromOfficersOrStockholders
153838 usd
CY2021Q3 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
100000 usd
CY2022Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
11332 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
usd
CY2022Q2 worx Shares Issued For Vested Restricted Stock Units One
SharesIssuedForVestedRestrictedStockUnitsOne
usd
worx Shares Issued For Vested Restricted Stock Units One
SharesIssuedForVestedRestrictedStockUnitsOne
usd
CY2021Q2 worx Shares Issued For Vested Restricted Stock Units One
SharesIssuedForVestedRestrictedStockUnitsOne
usd
CY2022Q2 worx Conversion Of Series A Convertible Preferred Stock Into Common Stock
ConversionOfSeriesAConvertiblePreferredStockIntoCommonStock
usd
worx Conversion Of Series A Convertible Preferred Stock Into Common Stock
ConversionOfSeriesAConvertiblePreferredStockIntoCommonStock
usd
us-gaap Depreciation
Depreciation
usd
worx Gain Loss On Settlement Of Accounts Payable
GainLossOnSettlementOfAccountsPayable
usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
us-gaap Interest Paid
InterestPaid
usd
us-gaap Interest Paid
InterestPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
worx Shares Issued For Equity Financings
SharesIssuedForEquityFinancings
usd
worx Commitment Shares Issued In Conjunction With Capital Raise
CommitmentSharesIssuedInConjunctionWithCapitalRaise
usd
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
usd
us-gaap Operating Lease Payments
OperatingLeasePayments
usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
pure
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
pure
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
pure
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
pure
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001674227

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