2024 Q1 Form 10-Q Financial Statement

#000182912624001677 Filed on March 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q1
Revenue $1.154M $1.070M
YoY Change 7.83% -33.08%
Cost Of Revenue $159.0K $104.3K
YoY Change 52.43% -30.05%
Gross Profit $995.0K $965.9K
YoY Change 3.01% -33.39%
Gross Profit Margin 86.22% 90.25%
Selling, General & Admin $2.157M $3.142M
YoY Change -31.35% 1.64%
% of Gross Profit 216.78% 325.31%
Research & Development $27.00K $194.7K
YoY Change -86.13% -29.53%
% of Gross Profit 2.71% 20.16%
Depreciation & Amortization $19.00K $155.8K
YoY Change -87.8% 999.51%
% of Gross Profit 1.91% 16.13%
Operating Expenses $27.00K $194.7K
YoY Change -86.13% -93.7%
Operating Profit -$1.162M -$2.176M
YoY Change -46.61% 32.59%
Interest Expense $27.00K $60.97K
YoY Change -55.71% -251.28%
% of Operating Profit
Other Income/Expense, Net $149.0K -$49.39K
YoY Change -401.68% 311.58%
Pretax Income -$1.040M -$2.287M
YoY Change -54.52% 35.01%
Income Tax
% Of Pretax Income
Net Earnings -$1.040M -$2.287M
YoY Change -54.52% 35.01%
Net Earnings / Revenue -90.12% -213.66%
Basic Earnings Per Share -$0.17 -$0.33
Diluted Earnings Per Share -$0.17 $0.00
COMMON SHARES
Basic Shares Outstanding 6.125M shares 1.464B shares
Diluted Shares Outstanding 6.191M shares 7.010M shares

Balance Sheet

Concept 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.172M $1.423M
YoY Change -17.61% 846.31%
Cash & Equivalents $1.172M $1.423M
Short-Term Investments
Other Short-Term Assets $315.0K $714.7K
YoY Change -55.93% 461.72%
Inventory $316.0K $281.3K
Prepaid Expenses $315.0K $214.7K
Receivables $77.00K $106.9K
Other Receivables $12.00K $8.000K
Total Short-Term Assets $1.892M $2.652M
YoY Change -28.67% 384.06%
LONG-TERM ASSETS
Property, Plant & Equipment $533.0K $1.544M
YoY Change -65.48% 4.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.000K $30.40K
YoY Change -76.97% -39.54%
Total Long-Term Assets $540.0K $1.665M
YoY Change -67.58% 8.77%
TOTAL ASSETS
Total Short-Term Assets $1.892M $2.652M
Total Long-Term Assets $540.0K $1.665M
Total Assets $2.432M $4.318M
YoY Change -43.67% 107.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.219M $2.268M
YoY Change -2.18% 15.91%
Accrued Expenses $83.97K
YoY Change -95.46%
Deferred Revenue
YoY Change
Short-Term Debt $663.0K $0.00
YoY Change -100.0%
Long-Term Debt Due $663.0K
YoY Change
Total Short-Term Liabilities $3.923M $3.426M
YoY Change 14.51% -30.77%
LONG-TERM LIABILITIES
Long-Term Debt $17.00K $207.8K
YoY Change -91.82% -32.83%
Other Long-Term Liabilities $7.190K
YoY Change -93.37%
Total Long-Term Liabilities $17.00K $215.0K
YoY Change -92.09% -48.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.923M $3.426M
Total Long-Term Liabilities $17.00K $215.0K
Total Liabilities $3.940M $3.641M
YoY Change 8.22% -32.16%
SHAREHOLDERS EQUITY
Retained Earnings -$58.55M -$52.81M
YoY Change 10.87%
Common Stock $6.000K $1.489M
YoY Change -99.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.508M $677.0K
YoY Change
Total Liabilities & Shareholders Equity $2.432M $4.318M
YoY Change -43.67% 107.67%

Cashflow Statement

Concept 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$1.040M -$2.287M
YoY Change -54.52% 35.01%
Depreciation, Depletion And Amortization $19.00K $155.8K
YoY Change -87.8% 999.51%
Cash From Operating Activities -$575.0K -$1.283M
YoY Change -55.17% 129.06%
INVESTING ACTIVITIES
Capital Expenditures $16.12K
YoY Change -110.39%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$16.12K
YoY Change -89.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$9.000K -$1.032M
YoY Change -99.13% -236.32%
NET CHANGE
Cash From Operating Activities -$575.0K -$1.283M
Cash From Investing Activities -$16.12K
Cash From Financing Activities -$9.000K -$1.032M
Net Change In Cash -$584.0K -$2.331M
YoY Change -74.94% -5680.93%
FREE CASH FLOW
Cash From Operating Activities -$575.0K -$1.283M
Capital Expenditures $16.12K
Free Cash Flow -$575.0K -$1.299M
YoY Change -55.73% 220.81%

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<p id="xdx_801_eus-gaap--NatureOfOperations_zbk1OPMtgdDd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 1 – <span id="xdx_828_z5yHkeqUriRi">ORGANIZATION AND DESCRIPTION OF BUSINESS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Zeo ScientifiX, Inc. (“ZEO” or the “Company”) (f/k/a Organicell Regenerative Medicine, Inc.) was incorporated on August 9, 2011 in the State of Nevada under the name Bespoke Tricycles Inc. (changed to Biotech Products Services and Research, Inc. during September 2015 and to Organicell Regenerative Medicine, Inc., effective June 20, 2018). The Company is a clinical-stage biopharmaceutical company principally focusing on the development of innovative biological therapeutics for the treatment of degenerative diseases and regenerative medicine. The Company’s proprietary products are derived from perinatal sources and manufactured to retain the naturally occurring extracellular vesicles, hyaluronic acid, and proteins without the addition or combination of any other substance or diluent and an autologous non-manipulated biologic containing the nanoparticle fraction from a patient’s own peripheral blood (“RAAM Products”). Our RAAM Products and related services are principally used in the health care industry administered through doctors and clinics (“Providers”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 8, 2023, our board of directors and our stockholders holding a majority of the Company’s voting power, approved resolutions authorizing the Company to amend its Articles of Incorporation to change the name (“Name Change”) of the Company from Organicell Regenerative Medicine, Inc. to “Zeo ScientifiX, Inc.” On February 16, 2024, the Company filed a Certificate of Amendment with the Secretary of State of Nevada to change the Company’s name from Organicell Regenerative Medicine, Inc. to Zeo ScientifiX Inc., effective February 20, 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with the Name Change, the Company filed a Notification Form with the Financial Industry Regulatory Agency (“FINRA”) to effectuate the Name Change and to change the Company’s ticker symbol to “ZEOX” (“Ticker Change”). The Name Change and Ticker Change were effectuated in the marketplace by FINRA on March 5, 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three months ended January 31, 2024 and 2023, the Company principally operated through General Surgical of Florida, Inc., a Florida corporation and wholly owned subsidiary, which was formed to sell the Company’s therapeutic products to Providers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s leading product, Zofin™ (also known as Organicell™ Flow), is an acellular, biologic therapeutic derived from perinatal sources and is manufactured to retain naturally occurring microRNAs, without the addition or combination of any other substance or diluent.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recently launched a service platform for its first autologous product called Patient Pure X™ (“PPX™”). PPX™ is a non-manipulated biologic containing the nanoparticle fraction from a patient’s own peripheral blood. To date, revenues from PPX™ continue to be minimal.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has recently began to expand the use of its proprietary products in future formulations for a variety of topical use applications in the skin-care industry.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 7, 2023, the Company filed a certificate of amendment to its Articles of Incorporation to implement a reverse split of our issued and outstanding common stock on a one-for-200 basis (the “Reverse Split”). The Reverse Split was effective on November 28, 2023. The par value of the Company’s common stock was unchanged at $0.001 per share after the Reverse Split. As a result, on the effective date of the Reverse Split, the stated capital on the Company’s balance sheet attributable to the Company’s common stock was reduced proportionately based on the Reverse Split ratio of one-for-200 and the additional paid-in capital account was credited with the amount by which the stated capital was reduced. All share and per share amounts referenced herein give effect to the Reverse Split as of the earliest period presented.</p>
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zqQPRESGKH66" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_86B_zFtheWplq3r3">Concentrations of Risk</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Credit Risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The balance sheet items that potentially subject us to concentrations of credit risk are primarily cash and cash equivalents and accounts receivable. Balances in accounts are insured up to Federal Deposit Insurance Corporation (“FDIC”) limits of $<span id="xdx_90E_eus-gaap--CashFDICInsuredAmount_c20240131_pp0p0" title="FDIC limits per institutions">250,000</span> per institution. At January 31, 2024, the Company held a total of approximately $<span id="xdx_900_eus-gaap--CashUninsuredAmount_c20240131_pp0p0" title="Cash balances">712,000</span> of cash balances in one financial institution in excess of FDIC insurance coverage limits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Major Customer</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended January 31, 2024, the Company sold products and services totaling approximately $<span id="xdx_900_eus-gaap--Revenues_c20231101__20240131__srt--MajorCustomersAxis__custom--LargeDistributorMember_pp0p0" title="Revenues">297,000</span> (<span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_c20231101__20240131__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--LargeDistributorMember_zCuJVxtUDbZa" title="Concentration percentage">25.7%</span>) to a large distributor, approximately $<span id="xdx_903_eus-gaap--Revenues_c20231101__20240131__srt--MajorCustomersAxis__custom--AnotherLargeDistributorMember_pp0p0" title="Revenues">125,000</span> (<span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_c20231101__20240131__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--AnotherLargeDistributorMember_zK4bJzaZTFLa" title="Concentration percentage">10.8%</span>) to another large distributor and approximately $<span id="xdx_903_eus-gaap--Revenues_c20231101__20240131__srt--MajorCustomersAxis__custom--IndividualMedicalPracticeMember_pp0p0" title="Revenues">201,000</span> (<span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_c20231101__20240131__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--IndividualMedicalPracticeMember_pdd" title="Concentration percentage">17.4%</span>) to an individual medical practice.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended January 31, 2023, the Company sold a total of approximately $<span id="xdx_902_eus-gaap--Revenues_c20221101__20230131__srt--MajorCustomersAxis__custom--LargeDistributorMember_pp0p0" title="Revenues">303,000</span> (<span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_c20221101__20230131__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--LargeDistributorMember_zhq2K1OEfx46" title="Concentration percentage">28.4%</span>) to a large distributor and approximately $<span id="xdx_901_eus-gaap--Revenues_c20221101__20230131__srt--MajorCustomersAxis__custom--AnotherLargeDistributorMember_pp0p0" title="Revenues">295,000</span> (<span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_c20221101__20230131__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--AnotherLargeDistributorMember_zQYQM6kIs0Ue" title="Concentration percentage">27.6%</span>) to another large distributor.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s sales agreements are non-exclusive and the Company does not believe it has any exposure based on the customers of its products.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
CY2024Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q1 us-gaap Cash Uninsured Amount
CashUninsuredAmount
712000 usd
CY2024Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
27000 usd
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
195000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_846_eus-gaap--UseOfEstimates_zSJPwvtqRcP4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_865_z58sI8x1OT33">Use of Estimates</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with generally accepted accounting principles of the United States 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 year. Management bases its estimates on historical experience and on other assumptions considered to be reasonable under the circumstances. However, actual results may differ from the estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Those estimates and assumptions include estimates for credit loss reserves for accounts receivable, assumptions used in valuing inventories at net realizable value, impairment testing of recorded long-term tangible and intangible assets, the valuation allowance for deferred tax assets, accruals for potential liabilities, assumptions made in valuing equity instruments issued for services, and assumptions used in the determination of the Company’s liquidity.</p>
CY2023Q1 ZEOX Incremental Salary
IncrementalSalary
429232 shares
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-1040000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-575000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-1508000 usd
CY2024Q1 ZEOX Working Capital Deficit
WorkingCapitalDeficit
2031000 usd
CY2024Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
141000 usd
CY2023Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
154000 usd
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
175000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
156000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
316000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
310000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
770000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
795000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
237000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
222000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
533000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
573000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
19000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
29000 usd
CY2024Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
0 usd
CY2023Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
127000 usd
CY2024Q1 ZEOX Advances Payable
AdvancesPayable
220897 usd
CY2023Q4 ZEOX Advances Payable
AdvancesPayable
220897 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
667000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
667000 usd
CY2024Q1 ZEOX Lab Equipment And Supplies Payables
LabEquipmentAndSuppliesPayables
245000 usd
CY2023Q4 ZEOX Lab Equipment And Supplies Payables
LabEquipmentAndSuppliesPayables
407000 usd
CY2024Q1 ZEOX Clinical Trial Payables
ClinicalTrialPayables
661000 usd
CY2023Q4 ZEOX Clinical Trial Payables
ClinicalTrialPayables
675000 usd
CY2024Q1 ZEOX Legal Fees Payables
LegalFeesPayables
237000 usd
CY2023Q4 ZEOX Legal Fees Payables
LegalFeesPayables
479000 usd
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
115000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
81000 usd
CY2024Q1 ZEOX Accrued Irs Penalty
AccruedIrsPenalty
92000 usd
CY2023Q4 ZEOX Accrued Irs Penalty
AccruedIrsPenalty
86000 usd
CY2024Q1 ZEOX Accrued Commissions Payable
AccruedCommissionsPayable
69000 usd
CY2023Q4 ZEOX Accrued Commissions Payable
AccruedCommissionsPayable
102000 usd
CY2024Q1 ZEOX Construction Payables
ConstructionPayables
9000 usd
CY2023Q4 ZEOX Construction Payables
ConstructionPayables
9000 usd
CY2024Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
124000 usd
CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
106000 usd
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2219000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2612000 usd
CY2024Q1 us-gaap Convertible Debt
ConvertibleDebt
725000 usd
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
725000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
62000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
68000 usd
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
663000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
657000 usd
CY2024Q1 us-gaap Share Price
SharePrice
0.001
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
100000 shares
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.20
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
100000 shares
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
12.20
CY2024Q1 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
773000 usd
CY2023Q1 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
631000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
4108000 usd
CY2023 ZEOX Deferred Revenue Invoiced Description
DeferredRevenueInvoicedDescription
As of October 31, 2023, $101,000 of product inventory was invoiced and delivered reducing the deferred revenue amount to $399,000.
CY2024Q1 ZEOX Deferred Revenue Invoiced Description
DeferredRevenueInvoicedDescription
During the period ended January 31, 2024, $81,000 of product inventory was invoiced and delivered, further reducing the deferred revenue balance to $318,000 as of that date.
CY2024Q1 ZEOX Initial Purchase Order
InitialPurchaseOrder
403000 usd
CY2024Q1 ZEOX Advances
Advances
318000 usd
CY2023Q4 ZEOX Advances
Advances
399000 usd
CY2024Q1 ZEOX Sales To Customers Not Yet Delivered
SalesToCustomersNotYetDelivered
89000 usd
CY2023Q4 ZEOX Sales To Customers Not Yet Delivered
SalesToCustomersNotYetDelivered
98000 usd
CY2024Q1 us-gaap Deferred Revenue
DeferredRevenue
810000 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
497000 usd
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 integer
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 integer

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