$XWEL
XWELL Inc

2024 Q4 Form 10-Q Financial Statement

#000155837024015707 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $8.422M
YoY Change 12.77%
Cost Of Revenue $6.369M
YoY Change -0.13%
Gross Profit $2.053M
YoY Change 88.18%
Gross Profit Margin 24.38%
Selling, General & Admin $4.525M
YoY Change 15.85%
% of Gross Profit 220.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $252.0K
YoY Change -57.29%
% of Gross Profit 12.27%
Operating Expenses $4.525M
YoY Change -5.12%
Operating Profit -$4.769M
YoY Change -54.48%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$73.00K
YoY Change -63.13%
Pretax Income -$4.705M
YoY Change -52.85%
Income Tax
% Of Pretax Income
Net Earnings -$4.750M
YoY Change -52.11%
Net Earnings / Revenue -56.4%
Basic Earnings Per Share -$0.99
Diluted Earnings Per Share -$0.99
COMMON SHARES
Basic Shares Outstanding 5.256M 5.256M
Diluted Shares Outstanding 4.819M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $4.365M
Short-Term Investments
Other Short-Term Assets $1.905M
YoY Change 14.55%
Inventory $669.0K
Prepaid Expenses $1.814M
Receivables $914.0K
Other Receivables
Total Short-Term Assets $19.51M
YoY Change -34.87%
LONG-TERM ASSETS
Property, Plant & Equipment $2.959M
YoY Change -22.15%
Goodwill $1.389M
YoY Change
Intangibles $1.107M
YoY Change -49.08%
Long-Term Investments
YoY Change
Other Assets $1.832M
YoY Change 2.52%
Total Long-Term Assets $14.27M
YoY Change -2.17%
TOTAL ASSETS
Total Short-Term Assets $19.51M
Total Long-Term Assets $14.27M
Total Assets $33.79M
YoY Change -24.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.704M
YoY Change 78.95%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.850M
YoY Change 20.76%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $9.850M
Total Long-Term Liabilities
Total Liabilities $18.96M
YoY Change 9.71%
SHAREHOLDERS EQUITY
Retained Earnings -$465.1M
YoY Change 3.53%
Common Stock $53.00K
YoY Change 26.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.304M
YoY Change
Total Liabilities & Shareholders Equity $33.79M
YoY Change -24.16%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$4.750M
YoY Change -52.11%
Depreciation, Depletion And Amortization $252.0K
YoY Change -57.29%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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XWELL, Inc.
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Note 1. Business, Basis of Presentation and Liquidity</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Overview</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">XWELL is a global wellness company operating multiple brands and focused on bringing restorative, regenerative and reinvigorating products and services to travelers. XWELL currently has four reportable operating segments: XpresSpa®, XpresTest®, Naples Wax Center and Treat™.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">On October 25, 2022, the Company changed its name to XWELL, Inc. (“XWELL” or the “Company”) from XpresSpa Group, Inc. The Company’s common stock, par value $0.01 per share, which had previously been listed under the trading symbol “XSPA” on the Nasdaq Capital Market, now trades under the trading symbol “XWEL”. The Company filed an amended and restated certificate of incorporation with the Delaware Secretary of State on October 24, 2022 (the “Amended and Restated Certificate”) reflecting the name change. Rebranding to XWELL aligned the Company’s corporate strategy to build a pure-play wellness services company, in both the airport and off-airport marketplaces.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">XpresSpa</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">XWELL’s subsidiary, XpresSpa Holdings, LLC (“XpresSpa”) has been a global airport retailer of spa services through its XpresSpa spa locations, offering travelers premium spa services, including massage, nail and skin care, as well as spa and travel products. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">As of September 30, 2024, there were 19 domestic XpresSpa locations in total, 17 Company-owned locations and two franchises. The Company also had 10 international locations operating as of September 30, 2024, including two XpresSpa locations in Dubai International Airport in the United Arab Emirates, one XpresSpa location in Zayad International Airport in Abu Dhabi, UAE, three XpresSpa locations in Schiphol Amsterdam Airport in the Netherlands and four XpresSpa locations in the Istanbul Airport in Turkey. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">XpresTest</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company, in partnership with certain COVID-19 testing partners, successfully launched its XpresCheck Wellness Centers, in June of 2020, through its XpresTest, Inc. subsidiary (“XpresTest”), which offered COVID-19 and other medical diagnostic testing services to the traveling public, as well as airline, airport and concessionaire employees, and TSA and U.S. Customs and Border Protection agents during the pandemic. During 2022 and 2023, as countries continued to relax their testing requirements resulting in rapid decline of testing volumes at the Company’s XpresCheck Wellness locations, the Company started to close XpresCheck Wellness Centers. As of December 31, 2023, we have closed all XpresCheck Wellness locations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">XpresTest, Inc began conducting bio surveillance monitoring with the Centers for Disease Control and Prevention (CDC) in collaboration with Concentric by Ginkgo BioWorks in 2021. The program was extended in January 2022 and renewed in August of 2022 and 2023. In March 2024, the program funding and scope were expanded. The program was renewed in August of 2024.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">HyperPointe</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">XWELL’s subsidiary, gcg Connect, LLC, operating as HyperPointe, provides direct to business marketing support across a number of health and health-related channels.  From the creation of marketing campaigns for the pharmaceutical industry, to learning management systems to website and health related content creation, HyperPointe is a complementary service provider to XWELL’s health-focused brands as well as providing the majority of services to the external community.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">For reporting purposes, the former HyperPointe segment has been consolidated into the XpresTest segment. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Treat </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Treat, which is operating through XWELL’s subsidiary Treat, Inc. (“Treat”) is a wellness brand that provides access to wellness services for travelers at on-site centers (currently located in JFK International Airport). In April 2024, the decision was made to close the location in the Salt Lake City International Airport.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Treat offers a full retail product offering and a suite of wellness and spa services. Travelers can purchase time blocks to use our wellness rooms to engage in interactive services like self-guided yoga, meditation and low impact weight exercises or to relax and unplug from the hectic pace of the airport and renew themselves before or after their trip.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Naples Wax Center</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">XWELL’s subsidiary Naples Wax, LLC, d/b/a Naples Wax Centers (“Naples Wax Center” or “Naples Wax”) which was acquired on September 12, 2023, for a purchase price of $1,624 operates three high-performing locations with core products and service offerings from face and body waxing to a range of skincare and cosmetic products. The acquisition of Naples Wax Center is intended to enable the Company to move beyond its airport client base with a business that can be adapted to a larger wellness platform while also growing its retail footprint to serve long-term financial goals. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">XWELL Studios</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company plans to open its first XWELL Studios location in Jacksonville, Florida in 2025.  XWELL Studios is an out-of-airport concept providing leased space to established wellness service providers.  Revenue will be derived from both lease payments received from the wellness practitioners and the sale of retail at the wellness center.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Basis of Presentation and Principles of Consolidation</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the instructions to Article 8-03 of Regulation S-X and should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as amended. The consolidated balance sheet as of December 31, 2023 was derived from the audited annual financial statements but does not include all information required by GAAP for annual financial statements. The financial statements include the accounts of the Company, all entities that are wholly owned by the Company, and all entities in which the Company has a controlling financial interest. All adjustments that, in the opinion of management, are necessary for a fair presentation for the periods presented have been reflected by the Company. Such adjustments are of a normal, recurring nature. The results of operations for the three and nine months ended September 30, 2024, are not necessarily indicative of the results that may be expected for the entire fiscal year or for any other interim period. All significant intercompany balances and transactions have been eliminated in consolidation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Reverse Stock Split</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">On September 28, 2023, the Company effected a <span style="-sec-ix-hidden:Hidden_irxbyvkl302Q79d8vjUWfA;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">1</span></span>-for-20 reverse stock split (the “Reverse Stock Split”) whereby every <span style="-sec-ix-hidden:Hidden_mKyPGWjlKkGDW8yBK4P7tw;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">twenty</span></span> shares of its Common Stock were reduced to <span style="-sec-ix-hidden:Hidden_5Rbh1uVA00arSmwo8yRHRQ;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">one</span></span> share of its Common Stock and the price per share of its Common Stock was multiplied by 20. All references to shares and per share amounts have been adjusted to reflect the Reverse Stock Split.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Liquidity and Financial Condition</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">As of September 30, 2024, the Company had cash and cash equivalents of $4,365 (excluding restricted cash), $11,660 in marketable securities, and total current assets of $19,513. The Company’s total current liabilities balance, which includes accounts payable, deferred revenue, accrued expenses, and operating lease liabilities was $9,850 as of September 30, 2024, and $9,330 as of December 31, 2023. The working capital surplus was $9,663 as of September 30, 2024, compared to a working capital surplus of $17,236 as of December 31, 2023.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company has significantly reduced operating and overhead expenses, while it continues to focus on returning to overall profitability. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company has taken actions to improve its overall cash position, right sizing its corporate structure and streamlining its operations. The Company is pursuing strategic partnerships that the Company expects will further strengthen the long-term profitability of the business.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p>
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us-gaap Goodwill Impairment Loss
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">Reclassification</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Certain balances in the unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2023, have been reclassified to conform to the presentation in the unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2024, primarily the presentation of revenue, general and administrative expense, the realized and unrealized gain on investments and other operating expenses. The above separation affected revenue classifications, general and administrative expenses, the realized and unrealized gain on investments and other operating expense in the comparative 2023 financial statements. Such reclassifications did not have a material impact on the unaudited condensed consolidated financial statements.</p>
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q4 us-gaap Cash
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CurrencyOtherThanUsDollars
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CY2023Q4 xwel Currency Other Than Us Dollars
CurrencyOtherThanUsDollars
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CY2024Q3 us-gaap Restricted Cash
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CY2023Q4 us-gaap Restricted Cash
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CY2024Q3 us-gaap Credit And Debit Card Receivables At Carrying Value
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2024Q3 xwel Cash Held In Overseas Accounts
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2305000
CY2023Q4 xwel Cash Held In Overseas Accounts
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2395000
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1814000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
2487000
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FiniteLivedIntangibleAssetsNet
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78000
CY2023Q3 us-gaap Amortization Of Intangible Assets
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AmortizationOfIntangibleAssets
237000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
303000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
228000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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122000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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122000
CY2024Q3 xwel Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
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488000
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3091000
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LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2184000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2058000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1676000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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1421000
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LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2915000
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LesseeOperatingLeaseLiabilityPaymentsDue
14150000
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2534000
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OperatingLeaseMinimumAnnualRentalPayments
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VariableLeasePayment
330000
us-gaap Variable Lease Payment
VariableLeasePayment
1030000
CY2023Q3 us-gaap Variable Lease Payment
VariableLeasePayment
302000
us-gaap Variable Lease Payment
VariableLeasePayment
1013000
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CY2023Q4 us-gaap Leveraged Lease Investment
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CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
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CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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CY2023Q4 us-gaap Other Assets Noncurrent
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CY2024Q3 us-gaap Allocated Share Based Compensation Expense
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232000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
818000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
594000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1832000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
341205
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
26.85
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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180000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.55
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
3000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
1.50
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.50
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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29439
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
17.47
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
49279
xwel Share Based Compensation Arrangement By Share Based Payment Award Vested Options Expired Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardVestedOptionsExpiredWeightedAverageGrantDateFairValue
31.18
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
439487
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
16.80
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
375421
xwel Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageGrantDateFairValue
15.68
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0
us-gaap Current State And Local Tax Expense Benefit
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0
CY2024Q3 us-gaap Current State And Local Tax Expense Benefit
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0
CY2024Q3 xwel Settlement Agreement Number Of Shares Reserved For Issuance
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416000
CY2024Q3 us-gaap Share Price
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2.26
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4
us-gaap Number Of Reportable Segments
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4
CY2024Q3 us-gaap Revenues
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8422000
CY2023Q3 us-gaap Revenues
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7468000
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-4769000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
252000
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
590000
CY2024Q3 xwel Impairment Of Long Lived Assets And Operating Lease Rou And Loss On Disposal Of Fixed Assets
ImpairmentOfLongLivedAssetsAndOperatingLeaseRouAndLossOnDisposalOfFixedAssets
152000
CY2023Q3 xwel Impairment Of Long Lived Assets And Operating Lease Rou And Loss On Disposal Of Fixed Assets
ImpairmentOfLongLivedAssetsAndOperatingLeaseRouAndLossOnDisposalOfFixedAssets
8411000
us-gaap Revenues
Revenues
26430000
us-gaap Revenues
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22706000
us-gaap Operating Income Loss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Depreciation Depletion And Amortization
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705000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1770000
xwel Impairment Of Long Lived Assets And Operating Lease Rou And Loss On Disposal Of Fixed Assets
ImpairmentOfLongLivedAssetsAndOperatingLeaseRouAndLossOnDisposalOfFixedAssets
823000
xwel Impairment Of Long Lived Assets And Operating Lease Rou And Loss On Disposal Of Fixed Assets
ImpairmentOfLongLivedAssetsAndOperatingLeaseRouAndLossOnDisposalOfFixedAssets
8429000
CY2024Q3 xwel Property Plant Equipment Capital Expenditure
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PropertyPlantEquipmentCapitalExpenditure
1760000
CY2024Q3 xwel Long Lived Assets
LongLivedAssets
12965000
CY2023Q4 xwel Long Lived Assets
LongLivedAssets
10838000
CY2024Q3 us-gaap Assets
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CY2024Q3 ecd Rule10b51 Arr Adopted Flag
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