2022 Q4 Form 10-Q Financial Statement

#000121390022072087 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $1.028M $986.9K $1.138M
YoY Change -17.79% -13.28% -2.72%
Cost Of Revenue $610.0K $693.4K $722.0K
YoY Change -3.15% -3.97% -24.79%
Gross Profit $417.9K $293.6K $416.1K
YoY Change -32.65% -29.44% 89.13%
Gross Profit Margin 40.65% 29.75% 36.56%
Selling, General & Admin $675.8K $832.7K $1.378M
YoY Change -54.33% -39.57% -38.49%
% of Gross Profit 161.74% 283.62% 331.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $1.350K
YoY Change -100.0% -100.0% -93.25%
% of Gross Profit 0.0% 0.0% 0.32%
Operating Expenses $675.8K $1.526M $1.378M
YoY Change -54.33% 10.75% -38.21%
Operating Profit -$258.0K -$539.1K -$961.8K
YoY Change -69.97% -43.95% -52.15%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $139.6K $0.00
YoY Change -100.0%
Pretax Income -$258.0K -$399.5K -$961.8K
YoY Change -69.97% -58.46% -65.03%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$258.0K -$399.5K -$961.8K
YoY Change -69.97% -58.46% -65.03%
Net Earnings / Revenue -25.1% -40.48% -84.51%
Basic Earnings Per Share -$0.03 -$0.09
Diluted Earnings Per Share -$0.02 -$0.03 -$90.27K
COMMON SHARES
Basic Shares Outstanding 13.01M shares 11.74M shares 10.65M shares
Diluted Shares Outstanding 12.07M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $249.5K $361.7K $401.6K
YoY Change 250.96% -9.93% 111.36%
Cash & Equivalents $249.5K $361.7K $401.6K
Short-Term Investments
Other Short-Term Assets $295.2K $323.0K $93.94K
YoY Change 361.65% 243.87% -63.87%
Inventory $362.0K
Prepaid Expenses
Receivables $336.0K $231.9K $331.4K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $880.7K $916.6K $1.189M
YoY Change 16.42% -22.9% -35.73%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00 $2.260K
YoY Change -100.0% -97.18%
Goodwill $8.366M $8.366M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $8.366M $8.366M $8.369M
YoY Change 0.0% -0.03% -2.92%
TOTAL ASSETS
Total Short-Term Assets $880.7K $916.6K $1.189M
Total Long-Term Assets $8.366M $8.366M $8.369M
Total Assets $9.247M $9.283M $9.558M
YoY Change 1.36% -2.87% -8.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $600.0K $600.0K $2.496M
YoY Change 0.0% -75.96% -19.74%
Accrued Expenses $1.364M
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 $2.323M $2.329M $3.317M
YoY Change 1.69% -29.78% -37.05%
LONG-TERM LIABILITIES
Long-Term Debt $147.8K $154.4K $433.6K
YoY Change -65.92% -64.39% 49.51%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $147.7K $154.4K $433.6K
YoY Change -65.92% -64.39% 49.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.323M $2.329M $3.317M
Total Long-Term Liabilities $147.7K $154.4K $433.6K
Total Liabilities $2.471M $2.484M $3.751M
YoY Change -9.1% -33.79% -32.54%
SHAREHOLDERS EQUITY
Retained Earnings -$25.86M -$25.60M
YoY Change 7.69%
Common Stock $13.01K $13.01K
YoY Change 15.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.777M $6.799M $5.807M
YoY Change
Total Liabilities & Shareholders Equity $9.247M $9.283M $9.558M
YoY Change 1.36% -2.87% -8.71%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$258.0K -$399.5K -$961.8K
YoY Change -69.97% -58.46% -65.03%
Depreciation, Depletion And Amortization $0.00 $0.00 $1.350K
YoY Change -100.0% -100.0% -93.25%
Cash From Operating Activities -$112.3K -$386.8K -$255.5K
YoY Change -66.04% 51.41% 82.49%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $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 $525.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 725.1K 625.0K
YoY Change 16.01%
NET CHANGE
Cash From Operating Activities -112.3K -386.8K -255.5K
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 0.000 725.1K 625.0K
Net Change In Cash -112.3K 338.2K 369.5K
YoY Change -66.04% -8.47% -363.94%
FREE CASH FLOW
Cash From Operating Activities -$112.3K -$386.8K -$255.5K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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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="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Revenue <br/> For the nine months ended<br/> September 30,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Accounts Receivable<br/> September 30,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: left"><span style="text-decoration:underline">Customers</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="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">8</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">26</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">4</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">14</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10</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">14</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">22</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"><span style="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">4</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="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">24</td><td style="text-align: left">%</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.10 pure
CY2022Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
0 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
421736 usd
CY2021Q4 worx Gowns In Inventory
GownsInInventory
87000 usd
CY2021Q4 us-gaap Other Inventory
OtherInventory
366840 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
523440 usd
CY2022Q3 worx Allowance For Obsolescence
AllowanceForObsolescence
523440 usd
CY2021Q4 worx Allowance For Obsolescence
AllowanceForObsolescence
366840 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
0 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1353 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
73901 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
298500 usd
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
472750 usd
CY2022Q3 worx Contract Liabilities
ContractLiabilities
298500 usd
CY2021Q4 worx Contract Liabilities
ContractLiabilities
472750 usd
CY2021Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.01 pure
CY2021Q1 us-gaap Debt Instrument Term
DebtInstrumentTerm
P2Y
CY2022Q3 worx Operating Lease Liabilities
OperatingLeaseLiabilities
0 usd
us-gaap Interest Paid
InterestPaid
usd
CY2021Q4 worx Operating Lease Liabilities
OperatingLeaseLiabilities
0 usd
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
worx Shares Issued For Vested Restricted Stock Units One
SharesIssuedForVestedRestrictedStockUnitsOne
usd
CY2022Q3 worx Operating Leases Cost
OperatingLeasesCost
434 usd
CY2021Q3 worx Operating Leases Cost
OperatingLeasesCost
1167 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>
CY2022Q3 worx Shares Issued As Settlement Of Accounts Payable1
SharesIssuedAsSettlementOfAccountsPayable1
69444 usd
CY2022Q3 worx Accounts Payable Current1
AccountsPayableCurrent1
50000 usd
CY2022Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.72
us-gaap Depreciation
Depreciation
usd
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
CY2022Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2025-03-05
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
139569 usd
CY2021Q1 worx Finance Leases Liability
FinanceLeasesLiability
139595 usd
worx Operating Leases Cost
OperatingLeasesCost
921 usd
worx Operating Leases Cost
OperatingLeasesCost
17697 usd
CY2022Q3 worx Total Leases Cost
TotalLeasesCost
434 usd
CY2021Q3 worx Total Leases Cost
TotalLeasesCost
1167 usd
worx Total Leases Cost
TotalLeasesCost
921 usd
worx Total Leases Cost
TotalLeasesCost
17697 usd
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
434 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
921 usd
CY2022Q1 us-gaap Loss Contingency Actions Taken By Plaintiff
LossContingencyActionsTakenByPlaintiff
Under the terms of this agreement, (i) the insurers for the Company and Marc Schessel (former CEO) will make a cash payment to the class plaintiffs (ii) the former CEO will transfer 100,000 shares of company common stock to the class plaintiffs, and (iii) the Company will issue $600,000 worth of common stock to the class plaintiffs, in exchange for which all parties will be released from all claims related to the securities class action litigation. After giving effect to the share issuance by the Company, the Company believes that it will have satisfied the accrued retention liability of $700,000.
CY2022Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
190000 usd
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
500000 usd
CY2022Q2 us-gaap Loss Contingency Settlement Agreement Terms
LossContingencySettlementAgreementTerms
on or about April 6, 2022, the Company reached a settlement in principle with the SEC Staff which, subject to a few changes, was subsequently approved by the Commission in which the Company agreed to resolve the SEC’s investigation regarding the April 13, 2020 press release and related disclosures (related to Covid-19 rapid test kits) through the Company’s payment of (a) a civil monetary penalty of $125,000, payable in 4 equal installments over 12 months and (b) disgorgement of $471,000 and prejudgment interest in the amount of $32,761.56 which payment is to be deemed satisfied by the transfer by the Company, no later than 30 days after the entry of the Class Distribution Order in the class action entitled Yannes v. SCWorx Corp. of shares of SCWorx’s common stock, valued at $600,000 at the time of issuance to authorized claimants in the Yannes settlement, provided that the Class Distribution Order is entered within 365 days from the entry of the Final Judgment in the SEC action. In the event that the Company does not transfer shares of its common stock, valued at $600,000 at the time of issuance to authorized claimants in the class action settlement within 365 days from the entry of a Final Judgment, the Company will be required to remit to the SEC the full amount of disgorgement within 395 days from entry of a Final Judgment. On May 31, 2022, the Commission filed a complaint against Marc Schessel and the Company in the United States District Court for the District of New Jersey alleging violations of Sections 17(a)(1), 17(a)(2), and 17(a)(3) of the Securities Act of 1933 (the “Securities Act”), Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”), and Rules 10b-5(a), 10b-5(b), and 10b-5(c) thereunder relating to the April 13, 2020 press release and related disclosures we made in relation to the transaction involving COVID-19 test kits. At the same time, on May 31, 2022, the Commission filed a motion for approval of the Consent Judgment which contained the aforementioned fine, disgorgement requirement as well as an agreement by the Company to an injunction permanently restraining and enjoining the Company from violating Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) [15 U.S.C. § 78j(b)] and Rules 10b-5(a), (b), and (c) thereunder [17 C.F.R § 240.10b .. 5(a), (b), (c)]; and Section 17(a) of the Securities Act of 1933 (“Securities Act’’) [15 U.S.C. § 77q(a)]. On June 2, 2022, the Court granted the motion, approved the settlement and entered a final judgment. SCWorx has thus far paid 2 of 4 installments on the monetary penalty of $125,000.
CY2022Q1 worx Share Based Compensation Arrangement By Share Based Payment Award Options Vested Restricted Units
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedRestrictedUnits
107998 shares
CY2022Q3 worx Share Based Compensation Arrangement By Share Based Payment Award Options Vested Restricted Units
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedRestrictedUnits
107998 shares
CY2022Q3 worx Shares Issued As Settlement Of Accounts Payable1
SharesIssuedAsSettlementOfAccountsPayable1
21360 usd
CY2022Q3 worx Accounts Payable Current1
AccountsPayableCurrent1
16875 usd
CY2022Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.79
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
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1153845 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1153845 shares
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
750000 usd
CY2022Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.65
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
725050 usd
CY2020Q2 us-gaap Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
During May 2020, 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 September 30, 2022, $415,000 worth of the shares and warrants have been issued.
CY2022Q3 worx Equity Financing Current
EquityFinancingCurrent
125000 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
551000 usd
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
261370 usd
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
699084 usd
us-gaap Share Based Compensation
ShareBasedCompensation
906919 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1929446 usd
CY2022Q3 worx Share Based Compensation Common Stock
ShareBasedCompensationCommonStock
261370 usd
CY2021Q3 worx Share Based Compensation Common Stock
ShareBasedCompensationCommonStock
699084 usd
worx Share Based Compensation Common Stock
ShareBasedCompensationCommonStock
906919 usd
worx Share Based Compensation Common Stock
ShareBasedCompensationCommonStock
1929446 usd
CY2022Q3 worx Share Based Compensation Total
ShareBasedCompensationTotal
261370 usd
CY2021Q3 worx Share Based Compensation Total
ShareBasedCompensationTotal
699084 usd
worx Share Based Compensation Total
ShareBasedCompensationTotal
906919 usd
worx Share Based Compensation Total
ShareBasedCompensationTotal
1929446 usd
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4098867 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3486831 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4098867 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3486831 shares
CY2022Q3 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
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
CY2022Q3 worx Shares Issued For Vested Restricted Stock Units One
SharesIssuedForVestedRestrictedStockUnitsOne
usd
worx Shares Issued For Vested Restricted Stock Units One
SharesIssuedForVestedRestrictedStockUnitsOne
usd
CY2021Q3 us-gaap Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
usd
CY2021Q3 worx Shares Issued For Vested Restricted Stock Units One
SharesIssuedForVestedRestrictedStockUnitsOne
usd
us-gaap Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
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 Interest Paid
InterestPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
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
CY2022Q3 us-gaap Inventory Net
InventoryNet
usd
CY2021Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
usd
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
usd
us-gaap Operating Lease Payments
OperatingLeasePayments
usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
pure
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
pure
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
pure
CY2021Q3 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
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001674227

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