10-Q Filing

STANDARD PREMIUM FINANCE HOLDINGS, INC. CIK: 1807893 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001079973-23-001057`
Period End Date	20230630
Filing Date	20230804
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	spfx_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 76 Cash Flow Statement 82 Stockholders Equity 26

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses	`AccountsAndFinancingReceivableAllowanceForCreditLoss`	$1.23M	USD	Point-in-time
Allowance for credit losses	`AccountsAndFinancingReceivableAllowanceForCreditLoss`	$1.13M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$421.21K	USD	Point-in-time
Cash	`Cash`	$147.80K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Premium finance contracts and related receivable, net of allowance for credit losses of $1,230,263 and $1,129,498 at June 30, 2023 and December 31, 2022, respectively	`PremiumFinanceContractsAndRelatedReceivableNet`	$55.78M	USD	Point-in-time
Premium finance contracts and related receivable, net of allowance for credit losses of $1,230,263 and $1,129,498 at June 30, 2023 and December 31, 2022, respectively	`PremiumFinanceContractsAndRelatedReceivableNet`	$49.47M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$348.80K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$393.72K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$50.24M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$56.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$103.59K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.42K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$139.47K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$196.41K	USD	Point-in-time
Finance lease assets	`FinanceLeaseRightOfUseAsset`	$51.92K	USD	Point-in-time
Finance lease assets	`FinanceLeaseRightOfUseAsset`	$45.29K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.91M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.91M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.91M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.91M	shares	Point-in-time
Cash surrender value of life insurance	`CashSurrenderValueOfLifeInsurance`	$603.82K	USD	Point-in-time
Cash surrender value of life insurance	`CashSurrenderValueOfLifeInsurance`	$618.36K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$317.00K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$288.16K	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssets`	$935.36K	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssets`	$891.98K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$57.54M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$51.49M	USD	Point-in-time
Line of credit, net	`LinesOfCreditCurrent`	$32.71M	USD	Point-in-time
Line of credit, net	`LinesOfCreditCurrent`	$38.03M	USD	Point-in-time
Drafts payable	`DraftsPayable`	$2.86M	USD	Point-in-time
Drafts payable	`DraftsPayable`	$1.83M	USD	Point-in-time
Note payable - current portion	`NotesPayableCurrent`	$1.34M	USD	Point-in-time
Note payable - current portion	`NotesPayableCurrent`	$1.58M	USD	Point-in-time
Note payable - stockholders and related parties - current portion	`NotePayableStockholdersAndRelatedPartiesCurrentPortion`	$109.00K	USD	Point-in-time
Note payable - stockholders and related parties - current portion	`NotePayableStockholdersAndRelatedPartiesCurrentPortion`	$587.00K	USD	Point-in-time
Payroll Protection Program loan - current portion	`PayrollProtectionProgramLoanCurrentPortion`	$99.96K	USD	Point-in-time
Payroll Protection Program loan - current portion	`PayrollProtectionProgramLoanCurrentPortion`	$91.85K	USD	Point-in-time
Operating lease obligation - current portion	`OperatingLeaseLiabilityCurrent`	$122.55K	USD	Point-in-time
Operating lease obligation - current portion	`OperatingLeaseLiabilityCurrent`	$90.60K	USD	Point-in-time
Finance lease obligation - current portion	`FinanceLeaseLiabilityCurrent`	$12.49K	USD	Point-in-time
Finance lease obligation - current portion	`FinanceLeaseLiabilityCurrent`	$12.83K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.49M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.32M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$37.54M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$44.76M	USD	Point-in-time
Note payable, net of current portion	`LongTermNotesPayable`	$5.13M	USD	Point-in-time
Note payable, net of current portion	`LongTermNotesPayable`	$5.95M	USD	Point-in-time
Note payable - stockholders and related parties, net of current portion	`NotePayableStockholdersAndRelatedPartiesNetOfCurrentPortion`	$1.34M	USD	Point-in-time
Note payable - stockholders and related parties, net of current portion	`NotePayableStockholdersAndRelatedPartiesNetOfCurrentPortion`	$1.82M	USD	Point-in-time
Payroll Protection Program loan, net of current portion	`PayrollProtectionProgramLoanNetOfCurrentPortion`	$77.65K	USD	Point-in-time
Payroll Protection Program loan, net of current portion	`PayrollProtectionProgramLoanNetOfCurrentPortion`	$123.92K	USD	Point-in-time
Operating lease obligation, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$73.85K	USD	Point-in-time
Operating lease obligation, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$48.87K	USD	Point-in-time
Finance lease obligation, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$40.56K	USD	Point-in-time
Finance lease obligation, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$34.06K	USD	Point-in-time
TOTAL LONG-TERM LIABILITIES	`LiabilitiesNoncurrent`	$8.00M	USD	Point-in-time
TOTAL LONG-TERM LIABILITIES	`LiabilitiesNoncurrent`	$6.63M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$45.54M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$51.39M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (see Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (see Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.001 per share; 100 million shares authorized, 2,905,016 shares issued and outstanding at June 30, 2023 and December 31, 2022	`CommonStockValue`	$2.90K	USD	Point-in-time
Common stock, par value $0.001 per share; 100 million shares authorized, 2,905,016 shares issued and outstanding at June 30, 2023 and December 31, 2022	`CommonStockValue`	$2.90K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.40M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.75M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$6.00M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$5.95M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$4.53M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$5.60M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$6.15M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$4.77M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$57.54M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$51.49M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
TOTAL REVENUES	`Revenues`	$4.39M	USD	2 Qtrs
TOTAL REVENUES	`Revenues`	$3.93M	USD	2 Qtrs
TOTAL REVENUES	`Revenues`	$2.31M	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$2.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$911.31K	USD	2 Qtrs
Interest expense	`InterestExpense`	$906.17K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$484.82K	USD	1 Quarter
Salaries and wages	`SalariesAndWages`	$366.61K	USD	1 Quarter
Salaries and wages	`SalariesAndWages`	$421.82K	USD	1 Quarter
Salaries and wages	`SalariesAndWages`	$851.08K	USD	2 Qtrs
Salaries and wages	`SalariesAndWages`	$727.31K	USD	2 Qtrs
Commission expense	`LeasingCommissionsExpense`	$271.14K	USD	1 Quarter
Commission expense	`LeasingCommissionsExpense`	$257.71K	USD	1 Quarter
Commission expense	`LeasingCommissionsExpense`	$513.57K	USD	2 Qtrs
Commission expense	`LeasingCommissionsExpense`	$498.56K	USD	2 Qtrs
Provision for credit losses	`ProvisionForOtherCreditLosses`	$154.93K	USD	1 Quarter
Provision for credit losses	`ProvisionForOtherCreditLosses`	$346.78K	USD	2 Qtrs
Provision for credit losses	`ProvisionForOtherCreditLosses`	$439.25K	USD	2 Qtrs
Provision for credit losses	`ProvisionForOtherCreditLosses`	$271.14K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$88.33K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$165.83K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$194.13K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$78.01K	USD	1 Quarter
Postage expense	`PostageExpense`	$28.81K	USD	1 Quarter
Postage expense	`PostageExpense`	$28.69K	USD	1 Quarter
Postage expense	`PostageExpense`	$56.69K	USD	2 Qtrs
Postage expense	`PostageExpense`	$54.05K	USD	2 Qtrs
Insurance expense	`OtherExpenses`	$46.22K	USD	1 Quarter
Insurance expense	`OtherExpenses`	$90.07K	USD	2 Qtrs
Insurance expense	`OtherExpenses`	$35.58K	USD	1 Quarter
Insurance expense	`OtherExpenses`	$63.05K	USD	2 Qtrs
Other operating expenses	`OtherGeneralExpense`	$163.30K	USD	1 Quarter
Other operating expenses	`OtherGeneralExpense`	$364.00K	USD	2 Qtrs
Other operating expenses	`OtherGeneralExpense`	$246.33K	USD	1 Quarter
Other operating expenses	`OtherGeneralExpense`	$457.08K	USD	2 Qtrs
TOTAL COSTS AND EXPENSES	`OperatingCostsAndExpenses`	$1.79M	USD	1 Quarter
TOTAL COSTS AND EXPENSES	`OperatingCostsAndExpenses`	$4.06M	USD	2 Qtrs
TOTAL COSTS AND EXPENSES	`OperatingCostsAndExpenses`	$3.37M	USD	2 Qtrs
TOTAL COSTS AND EXPENSES	`OperatingCostsAndExpenses`	$2.06M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$553.82K	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$248.68K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$253.13K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$328.43K	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$83.51K	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$72.64K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$67.78K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$143.40K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$410.42K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$176.04K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$244.92K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$185.35K	USD	1 Quarter
PREFERRED SHARE DIVIDENDS	`DividendsPreferredStockStock`	$17.56K	USD	1 Quarter
PREFERRED SHARE DIVIDENDS	`DividendsPreferredStockStock`	$34.88K	USD	2 Qtrs
PREFERRED SHARE DIVIDENDS	`DividendsPreferredStockStock`	$29.05K	USD	1 Quarter
PREFERRED SHARE DIVIDENDS	`DividendsPreferredStockStock`	$58.10K	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$375.54K	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$186.82K	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$146.99K	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$167.79K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.13	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.06	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.12	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.06	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.91M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.91M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.91M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.91M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.25M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.31M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.13M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.13M	shares	2 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$410.42K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$176.04K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$244.92K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$185.35K	USD	1 Quarter
Depreciation	`Depreciation`	$10.32K	USD	2 Qtrs
Depreciation	`Depreciation`	$12.52K	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-2.17K	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Amortization of right to use asset - operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$56.94K	USD	2 Qtrs
Amortization of right to use asset - operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$50.93K	USD	2 Qtrs
Amortization of finance lease asset	`FinanceLeaseRightOfUseAssetAmortization`	$6.63K	USD	2 Qtrs
Amortization of finance lease asset	`FinanceLeaseRightOfUseAssetAmortization`	$6.63K	USD	2 Qtrs
Provision for credit losses	`ProvisionForOtherCreditLosses`	$154.93K	USD	1 Quarter
Provision for credit losses	`ProvisionForOtherCreditLosses`	$346.78K	USD	2 Qtrs
Provision for credit losses	`ProvisionForOtherCreditLosses`	$439.25K	USD	2 Qtrs
Provision for credit losses	`ProvisionForOtherCreditLosses`	$271.14K	USD	1 Quarter
Amortization of loan origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-33.51K	USD	2 Qtrs
Amortization of loan origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-57.04K	USD	2 Qtrs
Options issued for services	`OptionsIssuedForServices`	$5.78K	USD	2 Qtrs
Options issued for services	`OptionsIssuedForServices`	$14.10K	USD	2 Qtrs
Warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$10.80K	USD	2 Qtrs
Warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	-	USD	2 Qtrs
(Increase)/Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-172.21K	USD	2 Qtrs
(Increase)/Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$44.93K	USD	2 Qtrs
(Increase)/Decrease in deferred tax asset, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$28.84K	USD	2 Qtrs
(Increase)/Decrease in deferred tax asset, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$-3.00K	USD	2 Qtrs
Increase/(Decrease) in drafts payable	`IncreaseDecreaseInBookOverdrafts`	$331.76K	USD	2 Qtrs
Increase/(Decrease) in drafts payable	`IncreaseDecreaseInBookOverdrafts`	$1.03M	USD	2 Qtrs
Increase/(Decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$174.35K	USD	2 Qtrs
Increase/(Decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-294.10K	USD	2 Qtrs
Increase/(Decrease) in operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-50.93K	USD	2 Qtrs
Increase/(Decrease) in operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-56.94K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.82M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.13M	USD	2 Qtrs
Disbursements under premium finance contracts receivable, net	`DisbursementsUnderPremiumFinanceContractsReceivableNet`	$4.36M	USD	2 Qtrs
Disbursements under premium finance contracts receivable, net	`DisbursementsUnderPremiumFinanceContractsReceivableNet`	$6.65M	USD	2 Qtrs
Payments made on cash surrender value of life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$14.55K	USD	2 Qtrs
Payments made on cash surrender value of life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$13.65K	USD	2 Qtrs
Sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.50K	USD	2 Qtrs
Sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.80K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.35K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.39M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.67M	USD	2 Qtrs
Cash overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-153.26K	USD	2 Qtrs
Cash overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	2 Qtrs
Proceeds of line of credit, net of repayments	`ProceedsFromRepaymentsOfLinesOfCredit`	$5.26M	USD	2 Qtrs
Proceeds of line of credit, net of repayments	`ProceedsFromRepaymentsOfLinesOfCredit`	$3.29M	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$91.67K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$325.00K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$236.00K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$671.58K	USD	2 Qtrs
Proceeds from notes payable - stockholders and related parties	`ProceedsFromRelatedPartyDebt`	$30.00K	USD	2 Qtrs
Proceeds from notes payable - stockholders and related parties	`ProceedsFromRelatedPartyDebt`	$25.00K	USD	2 Qtrs
Repayment of notes payable - stockholders and related parties	`RepaymentsOfRelatedPartyDebt`	$27.00K	USD	2 Qtrs
Repayment of notes payable - stockholders and related parties	`RepaymentsOfRelatedPartyDebt`	$181.30K	USD	2 Qtrs
Repayment of finance lease obligation	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$5.85K	USD	2 Qtrs
Repayment of finance lease obligation	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$6.17K	USD	2 Qtrs
Repayment of PPP loan	`RepaymentOfPppLoan`	$38.16K	USD	2 Qtrs
Repayment of PPP loan	`RepaymentOfPppLoan`	-	USD	2 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$400.00K	USD	2 Qtrs
Dividends paid on Series A Convertible Preferred Stock	`DividendDistributionsPaid`	$34.88K	USD	2 Qtrs
Dividends paid on Series A Convertible Preferred Stock	`DividendDistributionsPaid`	$58.10K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.42M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.58M	USD	2 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-273.41K	USD	2 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$163.26K	USD	2 Qtrs
CASH AT THE BEGINNING OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.99K	USD	Point-in-time
CASH AT THE BEGINNING OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$184.24K	USD	Point-in-time
CASH AT THE BEGINNING OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.80K	USD	Point-in-time
CASH AT THE BEGINNING OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$421.21K	USD	Point-in-time
CASH AT THE END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.99K	USD	Point-in-time
CASH AT THE END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$184.24K	USD	Point-in-time
CASH AT THE END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.80K	USD	Point-in-time
CASH AT THE END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$421.21K	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$36.04K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$239.06K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$1.65M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$879.48K	USD	2 Qtrs
Debt exchanged for Series A Convertible Preferred Stock	`DebtExchangedForSeriesConvertiblePreferredStock`	-	USD	2 Qtrs
Debt exchanged for Series A Convertible Preferred Stock	`DebtExchangedForSeriesConvertiblePreferredStock`	$270.00K	USD	2 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$6.00M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.95M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.53M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.60M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.15M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.77M	USD	Point-in-time
Series A Convertible Preferred Stock issued for cash and exchange for note payable	`SeriesAConvertiblePreferredStockIssuedInExchangeForNotePayable`	$650.00K	USD	1 Quarter
Series A Convertible Preferred Stock issued for cash and exchange for note payable	`SeriesAConvertiblePreferredStockIssuedInExchangeForNotePayable`	$20.00K	USD	1 Quarter
Options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$10.80K	USD	1 Quarter
Options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$5.78K	USD	1 Quarter
Options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$7.05K	USD	1 Quarter
Options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$7.05K	USD	1 Quarter
Dividends paid on preferred stock	`DividendsPaidOnPreferredStock`	$-29.05K	USD	1 Quarter
Dividends paid on preferred stock	`DividendsPaidOnPreferredStock`	$-17.32K	USD	1 Quarter
Dividends paid on preferred stock	`DividendsPaidOnPreferredStock`	$-29.05K	USD	1 Quarter
Dividends paid on preferred stock	`DividendsPaidOnPreferredStock`	$-17.56K	USD	1 Quarter
Net income	`ProfitLoss`	$225.06K	USD	1 Quarter
Net income	`ProfitLoss`	$68.88K	USD	1 Quarter
Net income	`ProfitLoss`	$176.04K	USD	1 Quarter
Net income	`ProfitLoss`	$185.35K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$6.00M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.95M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.53M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.60M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.15M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.77M	USD	Point-in-time

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