2023 Q2 Form 10-K Financial Statement

#000149315223032670 Filed on September 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 2022
Revenue $2.290M $9.923M $16.83M
YoY Change -42.75% -41.05% 55.79%
Cost Of Revenue $1.890M $7.144M $12.35M
YoY Change -47.21% -42.14% 60.76%
Gross Profit $400.0K $2.778M $4.485M
YoY Change -4.76% -38.05% 43.56%
Gross Profit Margin 17.47% 28.0% 26.65%
Selling, General & Admin $2.320M $24.67M $46.96M
YoY Change -67.51% -47.46% 621.24%
% of Gross Profit 580.0% 887.98% 1047.12%
Research & Development $0.00 $65.16K $855.7K
YoY Change -100.0% -92.38% 152.12%
% of Gross Profit 0.0% 2.35% 19.08%
Depreciation & Amortization $20.00K $130.0K $410.9K
YoY Change -50.0% -68.36% 14949.45%
% of Gross Profit 5.0% 4.68% 9.16%
Operating Expenses $2.320M $24.74M $56.41M
YoY Change -68.31% -56.15% 723.48%
Operating Profit -$1.920M -$21.96M -$51.93M
YoY Change -72.17% -57.71% 1293.46%
Interest Expense $7.300M $780.0K $105.3K
YoY Change 274.36% 640.4% -100.92%
% of Operating Profit
Other Income/Expense, Net -$950.0K -$3.319M $154.1K
YoY Change -145.24% -2254.02% -140.92%
Pretax Income -$6.980M -$25.28M -$51.77M
YoY Change 144.91% -51.18% 178.43%
Income Tax
% Of Pretax Income
Net Earnings -$6.980M -$71.15M -$51.77M
YoY Change -2.24% 37.43% 178.43%
Net Earnings / Revenue -304.8% -717.07% -307.6%
Basic Earnings Per Share -$6.36 -$13.44
Diluted Earnings Per Share -$20.52 -$6.36 -$13.46
COMMON SHARES
Basic Shares Outstanding 13.54M shares 11.20M shares 3.848M shares
Diluted Shares Outstanding 11.20M shares 3.848M shares

Balance Sheet

Concept 2023 Q2 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $200.0K $1.420M
YoY Change -85.92% -85.92% 52.89%
Cash & Equivalents $202.1K $200.0K $1.420M
Short-Term Investments
Other Short-Term Assets $1.200M $1.200M $1.660M
YoY Change -27.71% -27.71% 729.34%
Inventory $3.190M $3.190M $8.190M
Prepaid Expenses
Receivables $399.7K $400.0K $1.560M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.992M $4.990M $12.83M
YoY Change -61.08% -61.11% 129.74%
LONG-TERM ASSETS
Property, Plant & Equipment $14.79K $10.00K $170.0K
YoY Change -91.51% -94.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $4.690M
YoY Change -100.0% -100.0%
Total Long-Term Assets $2.116M $2.120M $62.03M
YoY Change -96.59% -96.58% 54866.77%
TOTAL ASSETS
Total Short-Term Assets $4.992M $4.990M $12.83M
Total Long-Term Assets $2.116M $2.120M $62.03M
Total Assets $7.108M $7.110M $74.86M
YoY Change -90.51% -90.5% 1213.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.497M $5.500M $6.470M
YoY Change -14.98% -14.99% 215.54%
Accrued Expenses $4.912M $6.270M $8.790M
YoY Change -12.32% -28.67% 332.77%
Deferred Revenue
YoY Change
Short-Term Debt $1.480M $1.480M $14.97M
YoY Change -90.11% -90.11% 143.68%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.77M $23.77M $38.98M
YoY Change -39.03% -39.02% 61.49%
LONG-TERM LIABILITIES
Long-Term Debt $1.950M $1.950M $2.000M
YoY Change -2.5% -2.5% 18983.97%
Other Long-Term Liabilities $0.00 $0.00 $1.370M
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $1.954M $1.950M $3.370M
YoY Change -42.03% -42.14% 32056.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.77M $23.77M $38.98M
Total Long-Term Liabilities $1.954M $1.950M $3.370M
Total Liabilities $25.72M $25.72M $42.35M
YoY Change -39.27% -39.27% 75.37%
SHAREHOLDERS EQUITY
Retained Earnings -$151.8M
YoY Change 88.28%
Common Stock $133.0M
YoY Change 17.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$18.61M -$18.61M $32.51M
YoY Change
Total Liabilities & Shareholders Equity $7.108M $7.110M $74.86M
YoY Change -90.51% -90.5% 1213.91%

Cashflow Statement

Concept 2023 Q2 2023 2022
OPERATING ACTIVITIES
Net Income -$6.980M -$71.15M -$51.77M
YoY Change -2.24% 37.43% 178.43%
Depreciation, Depletion And Amortization $20.00K $130.0K $410.9K
YoY Change -50.0% -68.36% 14949.45%
Cash From Operating Activities $480.0K -$6.365M -$11.46M
YoY Change -110.5% -44.47% 153.76%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$1.618M
YoY Change -100.0% -100.0%
Cash From Investing Activities $0.00 -$1.618M
YoY Change -100.0% 5294.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.745M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -660.0K $5.821M $13.73M
YoY Change -118.75% -57.62% 153.4%
NET CHANGE
Cash From Operating Activities 480.0K -$6.365M -$11.46M
Cash From Investing Activities 0.000 -$1.618M
Cash From Financing Activities -660.0K $5.821M $13.73M
Net Change In Cash -180.0K -$462.9K $652.3K
YoY Change -57.14% -170.97% -25.24%
FREE CASH FLOW
Cash From Operating Activities $480.0K -$6.365M -$11.46M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022 us-gaap Research And Development Expense
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CY2023 us-gaap Operating Income Loss
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CY2022 us-gaap Operating Income Loss
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CY2022 us-gaap Amortization Of Financing Costs And Discounts
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CY2022 CNXA Gain Loss On Issuance Of Convertible Notes
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CY2022 CNXA Gain Loss On Change In Fair Value Of Contingent Consideration
GainLossOnChangeInFairValueOfContingentConsideration
4847000 usd
CY2023 CNXA Gain Loss On Change In Fair Value Of Derivatives Liability
GainLossOnChangeInFairValueOfDerivativesLiability
10950017 usd
CY2022 CNXA Gain Loss On Change In Fair Value Of Derivatives Liability
GainLossOnChangeInFairValueOfDerivativesLiability
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CY2023 CNXA Derivative Expense
DerivativeExpense
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CY2023 us-gaap Nonoperating Income Expense
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CY2022 us-gaap Nonoperating Income Expense
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
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CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
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CY2023 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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CY2023 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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CY2023 CNXA Income Loss From Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-71153685 usd
CY2022 CNXA Income Loss From Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2023 us-gaap Comprehensive Income Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax
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CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
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-2.26
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-12.09
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-1.36
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2023 us-gaap Earnings Per Share Basic
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CY2023 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-13.46
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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11195345 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022 CNXA Stock Issued During Period Value Conversionof Notes Payable Related Parties
StockIssuedDuringPeriodValueConversionofNotesPayableRelatedParties
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CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2022 us-gaap Stock Issued During Period Value Conversion Of Units
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CY2022 us-gaap Stock Issued During Period Value Issued For Services
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CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
32511932 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2023 us-gaap Stock Issued During Period Value Acquisitions
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CY2023 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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87550 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
10950017 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
18557184 usd
CY2023 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
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CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
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CY2022 CNXA Gain Loss On Change In Fair Value Of Contingent Consideration
GainLossOnChangeInFairValueOfContingentConsideration
4847000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
4095030 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
8150284 usd
CY2023 CNXA Derivative Expense
DerivativeExpense
8995962 usd
CY2023 CNXA Noncash Transaction Costs
NoncashTransactionCosts
454823 usd
CY2022 CNXA Noncash Transaction Costs
NoncashTransactionCosts
2250000 usd
CY2022 CNXA Gain Loss On Issuance Of Convertible Notes
GainLossOnIssuanceOfConvertibleNotes
-5889369 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1368643 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
268930 usd
CY2023 us-gaap Increase Decrease In Inventories
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-4413056 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4186493 usd
CY2023 CNXA Increase Decrease In Prepaid Inventory
IncreaseDecreaseInPrepaidInventory
138308 usd
CY2022 CNXA Increase Decrease In Prepaid Inventory
IncreaseDecreaseInPrepaidInventory
520580 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-430193 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
320679 usd
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
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CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
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CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2023 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1126123 usd
CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-2978265 usd
CY2023 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
158187 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1813516 usd
CY2023 CNXA Increase Decrease In Interest Payable Related Party
IncreaseDecreaseInInterestPayableRelatedParty
9201 usd
CY2022 CNXA Increase Decrease In Interest Payable Related Party
IncreaseDecreaseInInterestPayableRelatedParty
161120 usd
CY2023 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
60326327 usd
CY2022 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
34255478 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2023 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2022 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
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PaymentsToAcquireNotesReceivable
2250000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2022 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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ProceedsFromIssuanceOfCommonStock
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CY2022 us-gaap Payments Of Debt Issuance Costs
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CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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CY2023 us-gaap Repayments Of Notes Payable
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CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
665002 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
915950 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
202095 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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ConversionOfConvertibleNotesPayableAndAccruedInterestToCommonStock
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CY2022 CNXA Conversion Of Convertible Notes Payable And Accrued Interest To Common Stock
ConversionOfConvertibleNotesPayableAndAccruedInterestToCommonStock
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CY2023 CNXA Shares Issued For Contingent Consideration
SharesIssuedForContingentConsideration
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CY2022 CNXA Elimination Of Related Party Derivative Liabilities
EliminationOfRelatedPartyDerivativeLiabilities
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CY2022 CNXA Derivative Liabilities Recorded As Debt Discounts Of Convertible Notes
DerivativeLiabilitiesRecordedAsDebtDiscountsOfConvertibleNotes
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CY2023 CNXA Derivative Liability Recorded For Shares And Warrants Issued In Private Placement
DerivativeLiabilityRecordedForSharesAndWarrantsIssuedInPrivatePlacement
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CY2023 us-gaap Notes Issued1
NotesIssued1
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CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
3486599 usd
CY2022Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-10 reverse stock split
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_zbweqBbIOfHj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_869_zZphjCY6iJMd">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Accordingly, actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84A_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zmBTVTVg1Vzh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86D_z4iek6XCOzT7">Financial Statement Reclassification</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior year amounts within accounts payable, accrued expenses, and certain operating expenses have been reclassified for consistency with the current year presentation and had no effect on the Company’s balance sheet, net loss, shareholders’ deficit or cash flows.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13543155 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13543155 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4194836 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4194836 shares
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
209690 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
175000 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2023Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
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CY2022Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
2559848 usd
CY2023Q2 CNXA Capitalized Duty And Freight
CapitalizedDutyAndFreight
517228 usd
CY2022Q2 CNXA Capitalized Duty And Freight
CapitalizedDutyAndFreight
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CY2023Q2 us-gaap Inventory Adjustments
InventoryAdjustments
550000 usd
CY2022Q2 us-gaap Inventory Adjustments
InventoryAdjustments
100000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
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CY2022Q2 us-gaap Inventory Net
InventoryNet
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CY2022Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
6063145 shares
CY2022Q2 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
4389469 shares
CY2022Q4 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
1923920 shares
CY2022Q4 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
27000 shares
CY2023Q2 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P5Y
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zd7FSsePjhgi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86D_z14jdvKg80tl">Concentration of Credit Risk</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. While we may be exposed to credit risk, we consider the risk remote and do not expect that any such risk would result in a significant effect on our results of operations or financial condition. See Note 4 for further details on the Company’s concentration of credit risk as well as other risks and uncertainties.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
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CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
10950017 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
279739 shares
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6781193 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
6000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
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CY2022Q2 CNXA Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Weighted Average Exercise Price Outstanding
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CY2021Q4 CNXA Securities Outstanding Rate Convertible Notes Descripition
SecuritiesOutstandingRateConvertibleNotesDescripition
On December 31, 2021, the Company entered into an Omnibus Amendment Agreement (the “Omnibus Agreement”) with certain Purchasers who are collectively holders of 67% or more of the Securities outstanding related to the August 6, 2021 Convertible Notes, amending each of (i) the Purchase Agreement and (ii) the Registration Rights Agreement. Simultaneously with the execution of the Omnibus Agreement, the Company issued to each Purchaser a Replacement Note (as defined below) in replacement of the Convertible Note held prior to December 31, 2021 by such Purchaser (each, an “Existing Note”).
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CY2023 CNXA Income Tax Reconciliation Debt Discount Amortization
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860000 usd
CY2022 CNXA Income Tax Reconciliation Debt Discount Amortization
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1841000 usd
CY2023 CNXA Income Tax Reconciliation Related Party Accruals
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226000 usd
CY2022 CNXA Income Tax Reconciliation Related Party Accruals
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CY2023 CNXA Income Tax Reconciliation Start Up Costs
IncomeTaxReconciliationStartUpCosts
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CY2022 CNXA Income Tax Reconciliation Start Up Costs
IncomeTaxReconciliationStartUpCosts
6815000 usd
CY2023 CNXA Income Tax Recociliation Interest Expense
IncomeTaxRecociliationInterestExpense
79000 usd
CY2022 CNXA Income Tax Recociliation Interest Expense
IncomeTaxRecociliationInterestExpense
5000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
21000 usd
CY2023 CNXA Income Tax Recociliation Inventory Reserve
IncomeTaxRecociliationInventoryReserve
26000 usd
CY2022 CNXA Income Tax Recociliation Inventory Reserve
IncomeTaxRecociliationInventoryReserve
55000 usd
CY2023 CNXA Income Tax Recociliation Interest Deferral
IncomeTaxRecociliationInterestDeferral
-5000 usd
CY2022 CNXA Income Tax Recociliation Interest Deferral
IncomeTaxRecociliationInterestDeferral
13000 usd
CY2023 CNXA Income Tax Recociliation Acquisition Costs
IncomeTaxRecociliationAcquisitionCosts
260000 usd
CY2022 CNXA Income Tax Recociliation Acquisition Costs
IncomeTaxRecociliationAcquisitionCosts
1268000 usd
CY2023 CNXA Income Tax Recociliation Accrued Legal
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-76000 usd
CY2022 CNXA Income Tax Recociliation Accrued Legal
IncomeTaxRecociliationAccruedLegal
76000 usd
CY2023 CNXA Income Tax Recociliation Loss On Extinguishment Of Debt
IncomeTaxRecociliationLossOnExtinguishmentOfDebt
8713000 usd
CY2023 CNXA Income Tax Recociliation Gain On Change In Fair Value Of Derivatives
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481000 usd
CY2022 CNXA Income Tax Recociliation Gain On Change In Fair Value Of Derivatives
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023Q2 us-gaap Operating Loss Carryforwards
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1049000 usd
CY2022Q2 us-gaap Operating Loss Carryforwards
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1020000 usd
CY2022Q4 us-gaap Cash
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500000 usd
CY2022Q4 us-gaap Investments
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500000 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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916082 usd
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288980 usd
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