$WYY
WIDEPOINT CORP

2021 Q4 Form 10-Q Financial Statement

#000165495421012200 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $24.45M $22.25M $57.51M
YoY Change -13.86% -61.31% 94.17%
Cost Of Revenue $20.46M $18.59M $51.89M
YoY Change -13.22% -64.18% 105.07%
Gross Profit $3.997M $3.663M $5.618M
YoY Change -16.98% -34.8% 30.23%
Gross Profit Margin 16.34% 16.46% 9.77%
Selling, General & Admin $4.551M $2.591M $4.184M
YoY Change 19.1% -38.08% 10.73%
% of Gross Profit 113.88% 70.73% 74.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $517.5K $263.2K $285.2K
YoY Change 34.22% -7.71% -40.5%
% of Gross Profit 12.95% 7.19% 5.08%
Operating Expenses $4.810M $2.854M $4.470M
YoY Change 17.37% -36.15% 11.04%
Operating Profit -$813.7K $809.0K $1.149M
YoY Change -213.7% -29.58% 297.82%
Interest Expense -$64.93K $67.37K $69.58K
YoY Change -12.51% -3.18% -189.17%
% of Operating Profit 8.33% 6.06%
Other Income/Expense, Net $615.3K -$41.25K -$69.37K
YoY Change -40.54% -1403.95%
Pretax Income -$263.3K $767.8K $1.079M
YoY Change -141.05% -28.87% 399.58%
Income Tax $311.2K $232.9K $12.48K
% Of Pretax Income 30.33% 1.16%
Net Earnings -$574.5K $534.9K $1.067M
YoY Change -106.93% -49.87% 480.79%
Net Earnings / Revenue -2.35% 2.4% 1.86%
Basic Earnings Per Share $0.06 $0.13
Diluted Earnings Per Share -$63.26K $0.06 $0.13
COMMON SHARES
Basic Shares Outstanding 9.138M shares 9.129M shares 8.451M shares
Diluted Shares Outstanding 9.158M shares 8.527M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.480M $18.10M $11.37M
YoY Change -59.49% 59.17% 60.19%
Cash & Equivalents $6.480M $18.10M $11.37M
Short-Term Investments
Other Short-Term Assets $3.194M $3.721M $1.764M
YoY Change 81.1% 110.99% 139.08%
Inventory $590.1K $1.199M $216.1K
Prepaid Expenses
Receivables $12.54M $12.54M $35.88M
Other Receivables $1.296M $1.296M $0.00
Total Short-Term Assets $33.15M $40.76M $67.49M
YoY Change -50.89% -39.61% 139.56%
LONG-TERM ASSETS
Property, Plant & Equipment $841.1K $833.6K $573.0K
YoY Change 46.78% 45.47% -90.86%
Goodwill $22.09M $18.56M $18.56M
YoY Change 19.04% 0.0%
Intangibles $6.229M $2.588M $2.188M
YoY Change 184.75% 18.31%
Long-Term Investments
YoY Change
Other Assets $1.782M $1.504M $815.0K
YoY Change 118.66% 84.55% 475.16%
Total Long-Term Assets $42.34M $34.67M $33.83M
YoY Change 25.15% 2.48% 22.54%
TOTAL ASSETS
Total Short-Term Assets $33.15M $40.76M $67.49M
Total Long-Term Assets $42.34M $34.67M $33.83M
Total Assets $75.49M $75.43M $101.3M
YoY Change -25.5% -25.55% 81.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.26M $10.80M $36.22M
YoY Change -71.67% -70.19% 493.01%
Accrued Expenses $12.34M $11.20M $15.63M
YoY Change -21.0% -28.31% 4.58%
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 $26.04M $26.12M $54.44M
YoY Change -52.17% -52.02% 133.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.773M $246.0K $0.00
YoY Change -100.0%
Total Long-Term Liabilities $7.773M $246.0K $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.04M $26.12M $54.44M
Total Long-Term Liabilities $7.773M $246.0K $0.00
Total Liabilities $33.81M $32.28M $60.77M
YoY Change -44.36% -46.88% 98.37%
SHAREHOLDERS EQUITY
Retained Earnings -$59.52M -$58.94M -$59.86M
YoY Change -0.57% -1.53%
Common Stock $101.4M $102.3M $100.5M
YoY Change 0.92% 1.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $41.68M $43.15M $40.55M
YoY Change
Total Liabilities & Shareholders Equity $75.49M $75.43M $101.3M
YoY Change -25.5% -25.55% 81.64%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$574.5K $534.9K $1.067M
YoY Change -106.93% -49.87% 480.79%
Depreciation, Depletion And Amortization $517.5K $263.2K $285.2K
YoY Change 34.22% -7.71% -40.5%
Cash From Operating Activities -$4.683M $3.871M $4.365M
YoY Change -1299.29% -11.31% 124.73%
INVESTING ACTIVITIES
Capital Expenditures -$815.3K -$689.5K -$294.0K
YoY Change 357.23% 134.51% 209.31%
Acquisitions
YoY Change
Other Investing Activities -$4.689M
YoY Change
Cash From Investing Activities -$5.504M -$689.5K -$294.0K
YoY Change 2986.83% 134.51% 209.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.387M 26.36K -293.0K
YoY Change -132.05% -109.0% 147.77%
NET CHANGE
Cash From Operating Activities -4.683M 3.871M 4.365M
Cash From Investing Activities -5.504M -689.5K -294.0K
Cash From Financing Activities -1.387M 26.36K -293.0K
Net Change In Cash -11.57M 3.208M 3.778M
YoY Change -354.99% -15.08% 118.5%
FREE CASH FLOW
Cash From Operating Activities -$4.683M $3.871M $4.365M
Capital Expenditures -$815.3K -$689.5K -$294.0K
Free Cash Flow -$3.867M $4.561M $4.659M
YoY Change -779.96% -2.1% 128.67%

Facts In Submission

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us-gaap Increase Decrease In Other Operating Assets
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18334 USD
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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19588012 USD
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272523 USD
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-40747 USD
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1566000 USD
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11372902 USD
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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246037 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
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0 USD
us-gaap Net Cash Provided By Used In Operating Activities
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3460077 USD
us-gaap Net Cash Provided By Used In Operating Activities
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5995829 USD
us-gaap Payments To Acquire Property Plant And Equipment
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163031 USD
us-gaap Payments To Acquire Property Plant And Equipment
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225883 USD
us-gaap Payments To Develop Software
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752837 USD
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
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1895659 USD
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428415 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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452841 USD
wyy Withholding Taxes Paid On Behalf Of Employees Net
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wyy Withholding Taxes Paid On Behalf Of Employees Net
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us-gaap Payments For Repurchase Of Common Stock
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1071045 USD
wyy Issuance Of Common Stock At The Market Offering Net Of Issuance Costs
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179273 USD
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681038 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-594390 USD
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-96110 USD
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70556 USD
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2105592 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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4493275 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15996749 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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6879627 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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18102341 USD
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229795 USD
us-gaap Income Taxes Paid
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186063 USD
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0 USD
wyy Capitalized Hardware And Software Development Costs In Accounts Payable Mgkhg
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75558 USD
wyy Capitalized Hardware And Software Development Costs In Accounts Payable Mgkhg
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0 USD
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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943290 USD
CY2019Q4 us-gaap Stockholders Equity
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24939418 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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254499 USD
CY2020Q1 wyy Stock Compensation Expense Non Qualified Stock Options
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26942 USD
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-37330 USD
CY2020Q1 us-gaap Net Income Loss
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483888 USD
CY2020Q1 us-gaap Stockholders Equity
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25657304 USD
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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182928 USD
CY2020Q2 wyy Stock Compensation Expense Non Qualified Stock Options
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26499 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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27599 USD
CY2020Q2 us-gaap Net Income Loss
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488627 USD
CY2020Q2 us-gaap Stockholders Equity
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26382957 USD
CY2020Q3 wyy Issuance Of Common Stock Options Exercises Amount
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0 USD
CY2021Q1 wyy Issuance Of Common Stock Options Exercises Amount
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10250 USD
CY2020Q4 us-gaap Stockholders Equity
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40551723 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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133266 USD
CY2020Q3 wyy Stock Compensation Expense Non Qualified Stock Options
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26790 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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64890 USD
CY2020Q3 us-gaap Net Income Loss
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1066963 USD
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-140894 USD
CY2021Q1 wyy Issuance Of Common Stock Through At The Market Offering Program Net Of Issuance Costs Of45392 Shares
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1088398 shares
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
157107 USD
CY2021Q1 wyy Stock Compensation Expense Non Qualified Stock Options
StockCompensationExpenseNonQualifiedStockOptions
25735 USD
CY2021Q1 us-gaap Net Income Loss
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585424 USD
CY2021Q1 us-gaap Stockholders Equity
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42222794 USD
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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214852 USD
CY2021Q2 wyy Stock Compensation Expense Non Qualified Stock Options
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28969 USD
CY2021Q2 wyy Offering Costs For The Issuance Of Common Stock At The Market Offering
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-17324 USD
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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19633 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-204731 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
42264193 USD
CY2021Q3 wyy Issuance Of Common Stock Options Exercises Amount
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169023 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
210602 USD
CY2021Q3 wyy Stock Compensation Expense Non Qualified Stock Options
StockCompensationExpenseNonQualifiedStockOptions
24867 USD
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-49979 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
534884 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
43153590 USD
wyy Common Stock Reverse Split
CommonStockReverseSplit
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">On October 23, 2020, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation with the Secretary of Delaware to effect a one-for-ten reverse stock split of the shares of the Company’s common stock, effective as of 5:00 pm Eastern Time on November 6, 2020. The Certificate of Amendment also decreased the number of authorized shares of the Company’s common stock from 110,000,000 to 30,000,000. All share, restricted stock awards (“RSA”) and per share information has been retroactively adjusted to reflect the reverse stock split.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the U.S. 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 revenues and expenses during the reporting period. The more significant areas requiring use of estimates and judgment relate to revenue recognition, accounts receivable valuation reserves, ability to realize intangible assets and goodwill, ability to realize deferred income tax assets, fair value of certain financial instruments and the evaluation of contingencies and litigation. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates. There were no significant changes in accounting estimates used by management during the quarter. </p>
wyy Recently Adopted Accounting Standards
RecentlyAdoptedAccountingStandards
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">In December 2019, the FASB issued Accounting Standards Update (“ASU”) No. 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” as part of its initiative to reduce complexity in the accounting standards. The standard eliminates certain exceptions related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The standard also clarifies and simplifies other aspects of the accounting for income taxes. The standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company adopted the standard on January 1, 2021 and it had no material impact on the Company’s condensed consolidated financial statements.</p>
wyy Accounting Standards Under Evaluationpolicytextblock
AccountingStandardsUnderEvaluationpolicytextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): <em>Measurement of Credit Losses on Financial Instruments</em>” (“Topic 326”). Topic 326 amends guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities. For assets held at amortized cost basis, Topic 326 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses should be measured in a manner similar to current GAAP, however Topic 326 will require that credit losses be presented as an allowance rather than as a write-down. This ASU update affects entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. This update is effective for the company for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is currently evaluating the impact of the pending adoption of this new standard on its consolidated financial statements.</p>
CY2021Q3 wyy Less Allowances For Doubtful Accounts
LessAllowancesForDoubtfulAccounts
84971 USD
CY2020Q4 wyy Less Allowances For Doubtful Accounts
LessAllowancesForDoubtfulAccounts
114169 USD
wyy Unbilled Accounts Receivabletextblock
UnbilledAccountsReceivabletextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>4. Unbilled Accounts Receivable</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Unbilled accounts receivable represent revenues earned but not invoiced to the customer at the balance sheet date due to either timing of invoice processing or delays due to fixed contractual billing schedules. A significant portion of our unbilled accounts receivable consist of carrier services and hardware and software products delivered but not invoiced at the end of the reporting period. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The following table presents customers that represent ten (10) percent or more of consolidated unbilled accounts receivable as of the dates presented below:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">  </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>SEPTEMBER 30,</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">DECEMBER 31,</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2021</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">2020</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>As a % of</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">As a % of</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"><strong>Customer Type</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Receivables</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Receivables</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">(Unaudited)</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">U.S. Federal Government</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">99%</p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">99%</p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">Commercial</p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">1%</p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">1%</p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td></tr></tbody></table>
wyy Schedule Of Accounts Receivable Period Tabletextblock
ScheduleOfAccountsReceivablePeriodTabletextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>SEPTEMBER 30,</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">DECEMBER 31,</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2021</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">2020</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>As a % of</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">As a % of</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"><strong>Customer Type</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Receivables</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Receivables</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="6" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">(Unaudited)</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">U.S. Federal Government</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">99%</p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">99%</p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">Commercial</p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">1%</p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">1%</p></td><td style="width:1%;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td></tr></tbody></table>
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1296396 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
wyy Gross Proceeds From Shares Of Common Stock Issued Stock Option Exercises
GrossProceedsFromSharesOfCommonStockIssuedStockOptionExercises
179233 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
75000 shares
wyy Gross Proceeds From Shares Of Common Stock Issued Stock Option Exercises
GrossProceedsFromSharesOfCommonStockIssuedStockOptionExercises
16882 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
83326 shares
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
534884 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
1066963 USD
us-gaap Net Income Loss
NetIncomeLoss
915577 USD
us-gaap Net Income Loss
NetIncomeLoss
2039478 USD
CY2021Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
28990 shares
CY2021Q3 wyy Revenue From Contract With Customer Including Revenue Assessed Tax
RevenueFromContractWithCustomerIncludingRevenueAssessedTax
24740000 USD
CY2020Q3 wyy Revenue From Contract With Customer Including Revenue Assessed Tax
RevenueFromContractWithCustomerIncludingRevenueAssessedTax
60387000 USD
wyy Revenue From Contract With Customer Including Revenue Assessed Tax
RevenueFromContractWithCustomerIncludingRevenueAssessedTax
70100000 USD
wyy Revenue From Contract With Customer Including Revenue Assessed Tax
RevenueFromContractWithCustomerIncludingRevenueAssessedTax
161897000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
636000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
1287000 USD
us-gaap Profit Loss
ProfitLoss
1061000 USD
us-gaap Profit Loss
ProfitLoss
2823000 USD

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