10-K Filing

POWER SOLUTIONS INTERNATIONAL, INC. CIK: 1137091 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001137091-24-000007`
Period End Date	20231231
Filing Date	20240314
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	psix-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 38 Cash Flow Statement 69 Stockholders Equity 13

Balance Sheet 104 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.76M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$3.84M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$3.60M	USD	Point-in-time
Accounts receivable, net of allowances of $5,975 and $4,308 as of December 31, 2023 and 2022, respectively; (from related parties $777 and $2,325 as of December 31, 2023 and 2022, respectively)	`AccountsReceivableNetCurrent`	$66.98M	USD	Point-in-time
Accounts receivable, net of allowances of $5,975 and $4,308 as of December 31, 2023 and 2022, respectively; (from related parties $777 and $2,325 as of December 31, 2023 and 2022, respectively)	`AccountsReceivableNetCurrent`	$89.89M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$555.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$550.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$84.95M	USD	Point-in-time
Inventories, net	`InventoryNet`	$120.56M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.31M	USD	Point-in-time
Accounts receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.97M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.36M	USD	Point-in-time
Accounts receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$205.38M	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$66.98M	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$89.89M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$255.27M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$14.93M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$13.84M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$27.14M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$13.28M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.66M	USD	Point-in-time
Accounts payable to related parties	`AccountsPayableCurrent`	$67.36M	USD	Point-in-time
Accounts payable to related parties	`AccountsPayableCurrent`	$76.43M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.91M	USD	Point-in-time
Goodwill	`Goodwill`	$29.84M	USD	Point-in-time
Other short-term financing	`OtherShortTermBorrowings`	$75.61M	USD	Point-in-time
Other short-term financing	`OtherShortTermBorrowings`	$94.82M	USD	Point-in-time
Goodwill	`Goodwill`	$29.84M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$3.10M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$34.11M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$32.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$2.02M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$90.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$284.30M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$5.03M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$319.91M	USD	Point-in-time
Preferred stock, par or stated value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par or stated value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts payable (to related parties $24,496 and $23,358 as of December 31, 2023 and 2022, respectively)	`AccountsPayableCurrent`	$67.36M	USD	Point-in-time
Accounts payable (to related parties $24,496 and $23,358 as of December 31, 2023 and 2022, respectively)	`AccountsPayableCurrent`	$76.43M	USD	Point-in-time
Preferred stock authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$130.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$139.00K	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$50.00M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$130.00M	USD	Point-in-time
Finance lease liability, current	`FinanceLeaseLiabilityCurrent`	$76.00K	USD	Point-in-time
Common stock, par or stated value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Finance lease liability, current	`FinanceLeaseLiabilityCurrent`	$90.00K	USD	Point-in-time
Common stock, par or stated value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$2.89M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$3.91M	USD	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	23.12M	shares	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	23.12M	shares	Point-in-time
Other short-term financing (from related parties $94,820 and $75,020 as of December 31, 2023 and 2022, respectively)	`OtherShortTermBorrowings`	$75.61M	USD	Point-in-time
Other short-term financing (from related parties $94,820 and $75,020 as of December 31, 2023 and 2022, respectively)	`OtherShortTermBorrowings`	$94.82M	USD	Point-in-time
Other accrued liabilities (from related parties $1,833 and $5,232 as of December 31, 2023 and 2022, respectively)	`OtherAccruedLiabilitiesCurrent`	$34.11M	USD	Point-in-time
Common stock, shares, outstanding (in shares)	`CommonStockSharesOutstanding`	22.97M	shares	Point-in-time
Common stock, shares, outstanding (in shares)	`CommonStockSharesOutstanding`	22.95M	shares	Point-in-time
Other accrued liabilities (from related parties $1,833 and $5,232 as of December 31, 2023 and 2022, respectively)	`OtherAccruedLiabilitiesCurrent`	$32.00M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	166,000.00	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$319.27M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	149,000.00	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$248.30M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.28M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.48M	USD	Point-in-time
Long-term debt, net of current maturities (from related parties $0 and $4,800 as of December 31, 2023 and 2022, respectively)	`LongTermDebtNoncurrent`	$90.00K	USD	Point-in-time
Long-term debt, net of current maturities (from related parties $0 and $4,800 as of December 31, 2023 and 2022, respectively)	`LongTermDebtNoncurrent`	$5.03M	USD	Point-in-time
Finance lease liability, long-term	`FinanceLeaseLiabilityNoncurrent`	$170.00K	USD	Point-in-time
Finance lease liability, long-term	`FinanceLeaseLiabilityNoncurrent`	$94.00K	USD	Point-in-time
Operating lease liability, long-term	`OperatingLeaseLiabilityNoncurrent`	$25.07M	USD	Point-in-time
Operating lease liability, long-term	`OperatingLeaseLiabilityNoncurrent`	$10.97M	USD	Point-in-time
Noncurrent contract liabilities	`ContractWithCustomerLiabilityNoncurrent`	$3.33M	USD	Point-in-time
Noncurrent contract liabilities	`ContractWithCustomerLiabilityNoncurrent`	$3.20M	USD	Point-in-time
Noncurrent contract liabilities	`ContractWithCustomerLiabilityNoncurrent`	$2.40M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$10.79M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$10.37M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$350.29M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$288.22M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock $0.001 par value. Shares authorized: 5,000. No shares issued and outstanding at all dates.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock $0.001 par value. Shares authorized: 5,000. No shares issued and outstanding at all dates.	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.001 par value; 50,000 shares authorized; 23,117 shares issued; 22,968 and 22,951 shares outstanding at December 31, 2023 and 2022, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Common stock $0.001 par value; 50,000 shares authorized; 23,117 shares issued; 22,968 and 22,951 shares outstanding at December 31, 2023 and 2022, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$157.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$157.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-187.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-160.79M	USD	Point-in-time
Treasury stock, at cost, 149 and 166 shares at December 31, 2023 and 2022, respectively	`TreasuryStockCommonValue`	$920.00K	USD	Point-in-time
Treasury stock, at cost, 149 and 166 shares at December 31, 2023 and 2022, respectively	`TreasuryStockCommonValue`	$972.00K	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-42.02M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-30.37M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-3.92M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$319.91M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$284.30M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total	`RevenueFromContractWithCustomerExcludingAssessedTax`	$481.33M	USD	Annual
Total	`RevenueFromContractWithCustomerExcludingAssessedTax`	$458.97M	USD	Annual
Cost of sales (from related parties $1,790 and $2,262 for the year ended December 31, 2023 and 2022, respectively)	`CostOfGoodsAndServicesSold`	$392.77M	USD	Annual
Cost of sales (from related parties $1,790 and $2,262 for the year ended December 31, 2023 and 2022, respectively)	`CostOfGoodsAndServicesSold`	$353.11M	USD	Annual
Gross profit	`GrossProfit`	$88.56M	USD	Annual
Gross profit	`GrossProfit`	$105.86M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$19.46M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$18.90M	USD	Annual
Net sales from related party	`RevenueFromContractWithCustomerExcludingAssessedTax`	$481.33M	USD	Annual
Selling, general and administrative expenses	`SellingAndMarketingExpense`	$40.39M	USD	Annual
Selling, general and administrative expenses	`SellingAndMarketingExpense`	$42.94M	USD	Annual
Net sales from related party	`RevenueFromContractWithCustomerExcludingAssessedTax`	$458.97M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.12M	USD	Annual
Related parties amount in cost of sales	`RelatedPartiesAmountInCostOfSales`	$1.79M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.75M	USD	Annual
Related parties amount in cost of sales	`RelatedPartiesAmountInCostOfSales`	$2.26M	USD	Annual
Total operating expenses	`OperatingExpenses`	$61.59M	USD	Annual
Total operating expenses	`OperatingExpenses`	$63.96M	USD	Annual
Interest expense	`InterestExpense`	$13.03M	USD	Annual
Interest expense	`InterestExpense`	$17.07M	USD	Annual
Operating income	`OperatingIncomeLoss`	$44.27M	USD	Annual
Operating income	`OperatingIncomeLoss`	$24.60M	USD	Annual
Interest expense (from related parties $7,729 and $4,680 for the year ended December 31, 2023 and 2022, respectively)	`InterestExpense`	$13.03M	USD	Annual
Interest expense (from related parties $7,729 and $4,680 for the year ended December 31, 2023 and 2022, respectively)	`InterestExpense`	$17.07M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.21M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.57M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$900.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$304.00K	USD	Annual
Net income	`NetIncomeLoss`	$11.27M	USD	Annual
Net income	`NetIncomeLoss`	$26.31M	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.96M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.94M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.95M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.97M	shares	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.49	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.15	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.49	USD	Annual

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.27M	USD	Annual
Net income	`NetIncomeLoss`	$26.31M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.12M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.75M	USD	Annual
Depreciation	`Depreciation`	$4.57M	USD	Annual
Depreciation	`Depreciation`	$3.85M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$385.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$151.00K	USD	Annual
Amortization of financing fees	`AmortizationOfFinancingCosts`	$2.18M	USD	Annual
Amortization of financing fees	`AmortizationOfFinancingCosts`	$1.19M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$189.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$200.00K	USD	Annual
Provision for losses in accounts receivable	`ProvisionForDoubtfulAccounts`	$888.00K	USD	Annual
Provision for losses in accounts receivable	`ProvisionForDoubtfulAccounts`	$1.67M	USD	Annual
Increase in allowance for inventory obsolescence	`IncreaseDecreaseInAllowanceForObsolescence`	$533.00K	USD	Annual
Increase in allowance for inventory obsolescence	`IncreaseDecreaseInAllowanceForObsolescence`	$1.83M	USD	Annual
Other adjustments, net	`OtherOperatingActivitiesCashFlowStatement`	$229.00K	USD	Annual
Other adjustments, net	`OtherOperatingActivitiesCashFlowStatement`	$529.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-21.25M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.67M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-33.79M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-21.10M	USD	Annual
Prepaid expenses, right-of-use assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.04M	USD	Annual
Prepaid expenses, right-of-use assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.25M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-17.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-9.24M	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$5.00K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.72M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.11M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.16M	USD	Annual
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-3.25M	USD	Annual
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-11.51M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.51M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.85M	USD	Annual
Capital expenditures	`PaymentsForCapitalImprovements`	$5.04M	USD	Annual
Capital expenditures	`PaymentsForCapitalImprovements`	$1.35M	USD	Annual
Proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	Annual
Proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$16.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.02M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.35M	USD	Annual
Repayment of debt	`RepaymentsOfDebt`	-	USD	Annual
Repayment of debt	`RepaymentsOfDebt`	$80.00M	USD	Annual
Repayment of long-term debt and lease liabilities	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$215.00K	USD	Annual
Repayment of long-term debt and lease liabilities	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$256.00K	USD	Annual
Proceeds from short-term financings	`ProceedsFromShortTermDebt`	$15.00M	USD	Annual
Proceeds from short-term financings	`ProceedsFromShortTermDebt`	$31.58M	USD	Annual
Repayment of short-term financings	`RepaymentsOfShortTermDebt`	$1.17M	USD	Annual
Repayment of short-term financings	`RepaymentsOfShortTermDebt`	$594.00K	USD	Annual
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$987.00K	USD	Annual
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$1.79M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.00K	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.00K	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.37M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-66.80M	USD	Annual
Net (decrease) increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$18.17M	USD	Annual
Net (decrease) increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.31M	USD	Annual
Cash, cash equivalents, and restricted cash at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.73M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.90M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.59M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.73M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.90M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.76M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$3.84M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$3.60M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.73M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.90M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.59M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-42.02M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-30.37M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-3.92M	USD	Point-in-time
Net income	`NetIncomeLoss`	$11.27M	USD	Annual
Net income	`NetIncomeLoss`	$26.31M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$151.00K	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$385.00K	USD	Annual
Common stock issued for stock-based awards, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-2.00K	USD	Annual
Common stock issued for stock-based awards, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-4.00K	USD	Annual
Restricted Stock Awards	`StockGrantedDuringPeriodValueSharebasedCompensation`	-	USD	Annual
Ending balance	`StockholdersEquity`	$-42.02M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-30.37M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-3.92M	USD	Point-in-time

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