10-Q Filing

Montauk Renewables, Inc. CIK: 1826600 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001193125-22-281301`
Period End Date	20220930
Filing Date	20221109
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	d404820d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 80 Cash Flow Statement 79 Stockholders Equity 23

Balance Sheet 91 line items

Line Item	Tag	Value	Unit	Period
Common stock par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	690.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	690.00M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	143.58M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	143.60M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	141.02M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	141.29M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.27M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	950,214.00	shares	Point-in-time
Treasury stock shares	`TreasuryStockShares`	959,344.00	shares	Point-in-time
Accounts and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$12.26M	USD	Point-in-time
Accounts and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$9.34M	USD	Point-in-time
Related party receivable	`NotesReceivableRelatedParties`	$8.94M	USD	Point-in-time
Related party receivable	`NotesReceivableRelatedParties`	$8.94M	USD	Point-in-time
Current portion of derivative instrument	`DerivativeAssetsCurrent`	$718.00K	USD	Point-in-time
Current portion of derivative instrument	`DerivativeAssetsCurrent`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.11M	USD	Point-in-time
Assets held for sale	`AssetHeldForSale`	$777.00K	USD	Point-in-time
Assets held for sale	`AssetHeldForSale`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$75.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$121.65M	USD	Point-in-time
Restricted cashnon-current	`RestrictedCashNoncurrent`	$573.00K	USD	Point-in-time
Restricted cashnon-current	`RestrictedCashNoncurrent`	$328.00K	USD	Point-in-time
Restricted cashnon-current	`RestrictedCashNoncurrent`	$407.00K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$180.89M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$173.97M	USD	Point-in-time
Goodwill and intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$15.90M	USD	Point-in-time
Goodwill and intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$14.11M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$10.57M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$4.57M	USD	Point-in-time
Non-current portion of derivative instrument	`DerivativeAssetsNoncurrent`	$1.24M	USD	Point-in-time
Non-current portion of derivative instrument	`DerivativeAssetsNoncurrent`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$305.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$124.00K	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	-	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$113.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.97M	USD	Point-in-time
Total assets	`Assets`	$323.94M	USD	Point-in-time
Total assets	`Assets`	$286.48M	USD	Point-in-time
Total assets	`Assets`	$259.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.37M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$10.82M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$17.24M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$288.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Current portion of derivative instrument	`DerivativeLiabilitiesCurrent`	$1.44M	USD	Point-in-time
Current portion of derivative instrument	`DerivativeLiabilitiesCurrent`	$650.00K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$296.00K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$84.00K	USD	Point-in-time
Current portion of finance lease liability	`FinanceLeaseLiabilityCurrent`	$69.00K	USD	Point-in-time
Current portion of finance lease liability	`FinanceLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$7.85M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$7.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.35M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$71.39M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$65.48M	USD	Point-in-time
Non-current portion of derivative instrument	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Non-current portion of derivative instrument	`DerivativeLiabilitiesNoncurrent`	$189.00K	USD	Point-in-time
Non-current portion of operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$21.00K	USD	Point-in-time
Non-current portion of operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$27.00K	USD	Point-in-time
Non-current portion of finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$42.00K	USD	Point-in-time
Non-current portion of finance lease liability	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$5.40M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$5.30M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.72M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$104.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$105.14M	USD	Point-in-time
Common stock, $0.01 par value, authorized 690,000,000 shares; 143,603,681 and 143,584,827 shares issued at September 30, 2022 and December 31, 2021, respectively; 141,290,748 and 141,015,213 shares outstanding at September 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$1.41M	USD	Point-in-time
Common stock, $0.01 par value, authorized 690,000,000 shares; 143,603,681 and 143,584,827 shares issued at September 30, 2022 and December 31, 2021, respectively; 141,290,748 and 141,015,213 shares outstanding at September 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$1.41M	USD	Point-in-time
Treasury stock, at cost, 959,344 and 950,214 shares September 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$10.90M	USD	Point-in-time
Treasury stock, at cost, 959,344 and 950,214 shares September 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$10.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$203.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$196.22M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-4.53M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$24.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$159.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$162.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$182.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$204.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$174.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$218.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$323.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$286.48M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Total operating revenues	`Revenues`	$102.87M	USD	3 Qtrs
Total operating revenues	`Revenues`	$39.75M	USD	1 Quarter
Total operating revenues	`Revenues`	$55.86M	USD	1 Quarter
Total operating revenues	`Revenues`	$155.92M	USD	3 Qtrs
Operating and maintenance expenses	`OperatingAndMaintenanceExpenses`	$14.13M	USD	1 Quarter
Operating and maintenance expenses	`OperatingAndMaintenanceExpenses`	$42.20M	USD	3 Qtrs
Operating and maintenance expenses	`OperatingAndMaintenanceExpenses`	$36.95M	USD	3 Qtrs
Operating and maintenance expenses	`OperatingAndMaintenanceExpenses`	$13.12M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$25.71M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$35.28M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.47M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.52M	USD	1 Quarter
Royalties, transportation, gathering and production fuel	`RoyaltiesTransportationGatheringAndProductionFuel`	$34.48M	USD	3 Qtrs
Royalties, transportation, gathering and production fuel	`RoyaltiesTransportationGatheringAndProductionFuel`	$12.19M	USD	1 Quarter
Royalties, transportation, gathering and production fuel	`RoyaltiesTransportationGatheringAndProductionFuel`	$18.84M	USD	3 Qtrs
Royalties, transportation, gathering and production fuel	`RoyaltiesTransportationGatheringAndProductionFuel`	$6.64M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$17.06M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$5.17M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$5.67M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$15.45M	USD	3 Qtrs
Gain on insurance proceeds	`GainOnInsuranceProceeds`	$157.00K	USD	1 Quarter
Gain on insurance proceeds	`GainOnInsuranceProceeds`	$238.00K	USD	3 Qtrs
Gain on insurance proceeds	`GainOnInsuranceProceeds`	$313.00K	USD	3 Qtrs
Gain on insurance proceeds	`GainOnInsuranceProceeds`	-	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	$2.39M	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	$626.00K	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	$2.27M	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	-	USD	1 Quarter
Transaction costs	`TransactionCosts`	$232.00K	USD	1 Quarter
Transaction costs	`TransactionCosts`	$357.00K	USD	3 Qtrs
Transaction costs	`TransactionCosts`	-	USD	1 Quarter
Transaction costs	`TransactionCosts`	$32.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$33.02M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$119.97M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$108.88M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$42.23M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-6.01M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$35.95M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$6.73M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$13.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$697.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$339.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$36.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.06M	USD	3 Qtrs
Other (income) expense	`OtherNonoperatingIncomeExpense`	$-662.00K	USD	3 Qtrs
Other (income) expense	`OtherNonoperatingIncomeExpense`	$-617.00K	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$463.00K	USD	3 Qtrs
Other (income) expense	`OtherNonoperatingIncomeExpense`	$131.00K	USD	1 Quarter
Total other (income) expenses	`NonoperatingIncomeExpense`	$124.00K	USD	3 Qtrs
Total other (income) expenses	`NonoperatingIncomeExpense`	$-2.73M	USD	3 Qtrs
Total other (income) expenses	`NonoperatingIncomeExpense`	$95.00K	USD	1 Quarter
Total other (income) expenses	`NonoperatingIncomeExpense`	$-1.31M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.73M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.73M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.42M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$36.07M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$6.85M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$2.54M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.29M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-3.48M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$11.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.90M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-10.02M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$29.22M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.21	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.07	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.07	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	141.16M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	141.02M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	141.29M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	141.02M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	141.05M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.63M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	141.02M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.72M	shares	1 Quarter

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$11.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.90M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-10.02M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$29.22M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$17.06M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$15.45M	USD	3 Qtrs
Provision for deferred income taxes	`ProvisionBenefitForDeferredIncomeTaxes`	$-1.12M	USD	3 Qtrs
Provision for deferred income taxes	`ProvisionBenefitForDeferredIncomeTaxes`	$-6.00M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$19.71M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.38M	USD	3 Qtrs
Derivative mark-to-market adjustments and settlements	`DerivativeMarkToMarketAndSettlements`	$1.01M	USD	3 Qtrs
Derivative mark-to-market adjustments and settlements	`DerivativeMarkToMarketAndSettlements`	$1.36M	USD	3 Qtrs
Gain on property insurance proceeds	`GainOnPropertyInsuranceProceeds`	$238.00K	USD	3 Qtrs
Gain on property insurance proceeds	`GainOnPropertyInsuranceProceeds`	$313.00K	USD	3 Qtrs
Earn out increase (decrease)	`EarnOutIncreaseDecrease`	$-694.00K	USD	3 Qtrs
Earn out increase (decrease)	`EarnOutIncreaseDecrease`	$1.12M	USD	3 Qtrs
Net (gain) loss on sale of assets	`GainsLossesOnSalesOfAssets`	$-822.00K	USD	3 Qtrs
Net (gain) loss on sale of assets	`GainsLossesOnSalesOfAssets`	$250.00K	USD	3 Qtrs
Accretion of asset retirement obligations	`AccretionOfAssetRetirementObligations`	$-304.00K	USD	3 Qtrs
Accretion of asset retirement obligations	`AccretionOfAssetRetirementObligations`	$160.00K	USD	Annual
Accretion of asset retirement obligations	`AccretionOfAssetRetirementObligations`	$-174.00K	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$395.00K	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$123.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$102.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$314.00K	USD	3 Qtrs
Impairment loss	`ImpairmentLoss`	$-626.00K	USD	3 Qtrs
Impairment loss	`ImpairmentLoss`	$-2.39M	USD	3 Qtrs
Accounts and other receivables and other current assets	`IncreaseDecreaseInAccountsAndOtherReceivables`	$7.27M	USD	3 Qtrs
Accounts and other receivables and other current assets	`IncreaseDecreaseInAccountsAndOtherReceivables`	$5.25M	USD	3 Qtrs
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$488.00K	USD	3 Qtrs
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.92M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.30M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$59.81M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.70M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$12.75M	USD	3 Qtrs
Asset acquisition	`PaymentToAcquirePropertyPlantAndEquipment`	$4.14M	USD	3 Qtrs
Asset acquisition	`PaymentToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Cash collateral deposits	`PaymentsForCollateralDepositsNet`	$-118.00K	USD	3 Qtrs
Cash collateral deposits	`PaymentsForCollateralDepositsNet`	$-79.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$1.09M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$74.00K	USD	3 Qtrs
Proceeds from insurance recovery	`ProceedsFromInsuranceReceivedForLossOfEquipment`	$238.00K	USD	3 Qtrs
Proceeds from insurance recovery	`ProceedsFromInsuranceReceivedForLossOfEquipment`	$313.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.27M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.41M	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$6.00M	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$7.50M	USD	3 Qtrs
Proceeds from initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	3 Qtrs
Proceeds from initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	$15.59M	USD	3 Qtrs
Treasury stock purchase	`PaymentsForRepurchaseOfEquity`	$91.00K	USD	3 Qtrs
Treasury stock purchase	`PaymentsForRepurchaseOfEquity`	$10.81M	USD	3 Qtrs
Loan to Montauk Holdings Limited	`PaymentsForProceedsFromLoansReceivable`	$7.14M	USD	3 Qtrs
Loan to Montauk Holdings Limited	`PaymentsForProceedsFromLoansReceivable`	-	USD	3 Qtrs
Finance lease payments	`FinanceLeasePrincipalPayments`	-	USD	3 Qtrs
Finance lease payments	`FinanceLeasePrincipalPayments`	$15.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.11M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.86M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$24.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$42.43M	USD	3 Qtrs
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.58M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$96.05M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.61M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.56M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.58M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$96.05M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.61M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.27M	USD	Point-in-time
Restricted cash and cash equivalents - current	`RestrictedCashCurrent`	$19.00K	USD	Point-in-time
Restricted cash and cash equivalents - current	`RestrictedCashCurrent`	$118.00K	USD	Point-in-time
Restricted cash and cash equivalents - non-current	`RestrictedCashNoncurrent`	$573.00K	USD	Point-in-time
Restricted cash and cash equivalents - non-current	`RestrictedCashNoncurrent`	$328.00K	USD	Point-in-time
Restricted cash and cash equivalents - non-current	`RestrictedCashNoncurrent`	$407.00K	USD	Point-in-time
Reconciliation of cash, cash equivalents, and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.58M	USD	Point-in-time
Reconciliation of cash, cash equivalents, and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$96.05M	USD	Point-in-time
Reconciliation of cash, cash equivalents, and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.61M	USD	Point-in-time
Reconciliation of cash, cash equivalents, and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.56M	USD	Point-in-time

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$159.62M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$162.62M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$182.29M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$204.87M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$174.09M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$218.81M	USD	Point-in-time
IPO common stock	`StockIssuedDuringPeriodValueNewIssues`	$15.59M	USD	3 Qtrs
Treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$-10.81M	USD	3 Qtrs
Treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$-91.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$11.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.90M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-10.02M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$29.22M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.57M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$19.71M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.75M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.38M	USD	3 Qtrs
Ending balance	`StockholdersEquity`	$159.62M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$162.62M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$182.29M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$204.87M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$174.09M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$218.81M	USD	Point-in-time

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