10-Q Filing

GAIA, INC CIK: 1089872 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-035947`
Period End Date	20230630
Filing Date	20230731
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	gaia-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 73 Cash Flow Statement 51 Stockholders Equity 23

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.88M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.56M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.62M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.96M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.23M	USD	Point-in-time
Media library, software and equipment, net	`MediaLibrarySoftwareAndEquipmentNet`	$51.12M	USD	Point-in-time
Media library, software and equipment, net	`MediaLibrarySoftwareAndEquipmentNet`	$51.20M	USD	Point-in-time
Right-of-use lease asset, net	`OperatingLeaseRightOfUseAsset`	$7.09M	USD	Point-in-time
Right-of-use lease asset, net	`OperatingLeaseRightOfUseAsset`	$6.69M	USD	Point-in-time
Right-of-use lease asset, net	`OperatingLeaseRightOfUseAsset`	$8.80M	USD	Point-in-time
Real estate, investment and other assets, net	`RealEstateInvestmentAndOtherNoncurrentAssetsNet`	$30.98M	USD	Point-in-time
Real estate, investment and other assets, net	`RealEstateInvestmentAndOtherNoncurrentAssetsNet`	$30.57M	USD	Point-in-time
Goodwill	`Goodwill`	$31.94M	USD	Point-in-time
Goodwill	`Goodwill`	$31.94M	USD	Point-in-time
Total assets	`Assets`	$137.63M	USD	Point-in-time
Total assets	`Assets`	$138.30M	USD	Point-in-time
Accounts payable, accrued and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.36M	USD	Point-in-time
Accounts payable, accrued and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.38M	USD	Point-in-time
Short-term debt and lease liability	`DebtCurrent`	$911.00K	USD	Point-in-time
Short-term debt and lease liability	`DebtCurrent`	$894.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$15.48M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$14.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$27.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.77M	USD	Point-in-time
Long-term debt, net	`LongTermDebt`	$14.96M	USD	Point-in-time
Long-term debt, net	`LongTermDebt`	$14.88M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$6.11M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$6.49M	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$499.00K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$499.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$49.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$164.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$165.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-78.06M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$87.38M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$90.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$91.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$88.98M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$90.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$87.94M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$137.63M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$138.30M	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.84M	USD	1 Quarter
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$39.49M	USD	2 Qtrs
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$42.55M	USD	2 Qtrs
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.72M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$2.84M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$2.76M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$5.66M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$5.61M	USD	2 Qtrs
Gross profit	`GrossProfit`	$36.89M	USD	2 Qtrs
Gross profit	`GrossProfit`	$33.87M	USD	2 Qtrs
Gross profit	`GrossProfit`	$17.96M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.00M	USD	1 Quarter
Selling and operating	`SellingExpense`	$15.87M	USD	1 Quarter
Selling and operating	`SellingExpense`	$32.65M	USD	2 Qtrs
Selling and operating	`SellingExpense`	$17.09M	USD	1 Quarter
Selling and operating	`SellingExpense`	$33.21M	USD	2 Qtrs
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$3.58M	USD	2 Qtrs
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$3.29M	USD	2 Qtrs
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$1.79M	USD	1 Quarter
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$1.52M	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$49.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$36.28M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$17.66M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$18.61M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$36.50M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$298.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$605.00K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-2.63M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-1.60M	USD	1 Quarter
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-50.00K	USD	1 Quarter
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-113.00K	USD	1 Quarter
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-234.00K	USD	2 Qtrs
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-110.00K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.72M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$495.00K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.86M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$248.00K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$248.00K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-1.72M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$495.00K	USD	2 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-2.86M	USD	2 Qtrs
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-293.00K	USD	2 Qtrs
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-132.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.86M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$116.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.72M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$202.00K	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.14	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.01	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.02	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.08	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	2 Qtrs
Basic earnings (loss) per share	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Basic earnings (loss) per share	`EarningsPerShareBasic`	$-0.14	USD	2 Qtrs
Basic earnings (loss) per share	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.08	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.02	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.14	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	2 Qtrs
Diluted earnings (loss) per share	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Diluted earnings (loss) per share	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Diluted earnings (loss) per share	`EarningsPerShareDiluted`	$-0.14	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.63M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.79M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.87M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.85M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.80M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.85M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.80M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-1.14M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.72M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-2.86M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$202.00K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$86.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$116.00K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-293.00K	USD	2 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.86M	USD	2 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$495.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.37M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.90M	USD	2 Qtrs
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$543.00K	USD	2 Qtrs
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$930.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$665.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$244.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$292.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$333.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.48M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$70.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.35M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$371.00K	USD	2 Qtrs
Net cash provided by operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.48M	USD	2 Qtrs
Net cash provided by operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.69M	USD	2 Qtrs
Net cash provided by (used in) operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-293.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.48M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.39M	USD	2 Qtrs
Additions to media library, software and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.57M	USD	2 Qtrs
Additions to media library, software and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.12M	USD	2 Qtrs
Acquisitions, net of cash acquired, and purchase of intangible assets	`PaymentsToAcquireBusinessesNetOfCashAcquiredAndPurchaseOfIntangibleAssets`	$847.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.12M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.42M	USD	2 Qtrs
Repayment of debt	`RepaymentsOfSecuredDebt`	$93.00K	USD	2 Qtrs
Repayment of debt	`RepaymentsOfSecuredDebt`	$12.69M	USD	2 Qtrs
Proceeds from short term borrowings	`ProceedsFromShortTermDebt`	$12.60M	USD	2 Qtrs
Proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$43.00K	USD	2 Qtrs
Proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$42.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-44.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-50.00K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.07M	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-683.00K	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.20M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.56M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.27M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.88M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.20M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.56M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.27M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.88M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$253.00K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$129.00K	USD	2 Qtrs
Value of shares issued for acquisition of content added to Media Library	`StockIssued1`	$669.00K	USD	2 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$87.38M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$90.22M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$91.39M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$88.98M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$90.84M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$87.94M	USD	Point-in-time
Issuance of Gaia, Inc. common stock for RSU releases and share-based compensation	`StockIssuedDuringPeriodValueRestrictedStockUnitReleasedAndShareBasedCompensation`	$540.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases and share-based compensation	`StockIssuedDuringPeriodValueRestrictedStockUnitReleasedAndShareBasedCompensation`	$104.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedEmployeeStockPurchasePlanStockOptionsExercisedAndSharesBasedCompensation`	$433.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for media library acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$669.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, and share-based compensation	`StockIssuedDuringPeriodValueRsuReleasesEmployeeStockPurchasePlanAndShareBasedCompensation`	$481.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.14M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.72M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-2.86M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$202.00K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$86.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$116.00K	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$87.38M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$90.22M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$91.39M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$88.98M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$90.84M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$87.94M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.