10-Q Filing

Purple Innovation, Inc. CIK: 1643953 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001213900-19-015517`
Period End Date	20190630
Filing Date	20190813
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	prpl-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 70 Cash Flow Statement 78 Stockholders Equity 28

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.84M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.24M	USD	Point-in-time
Inventories, net	`InventoryNet`	$22.94M	USD	Point-in-time
Inventories, net	`InventoryNet`	$25.06M	USD	Point-in-time
Prepaid inventory	`PrepaidInventoryNet`	$790.00K	USD	Point-in-time
Prepaid inventory	`PrepaidInventoryNet`	$883.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.49M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$73.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.70M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$24.48M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$22.51M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.49M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.57M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$46.00K	USD	Point-in-time
Total assets	`Assets`	$99.74M	USD	Point-in-time
Total assets	`Assets`	$71.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.46M	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturnsCurrent`	$5.46M	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturnsCurrent`	$6.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.76M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.69M	USD	Point-in-time
Customer prepayments	`CustomersAdvanceCurrent`	$7.52M	USD	Point-in-time
Customer prepayments	`CustomersAdvanceCurrent`	$5.07M	USD	Point-in-time
Accrued sales tax	`SalesAndExciseTaxPayableCurrent`	$4.46M	USD	Point-in-time
Accrued sales tax	`SalesAndExciseTaxPayableCurrent`	$5.54M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.15M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.90M	USD	Point-in-time
Long-term debt, related-party	`LongTermDebtAndCapitalLeaseObligations`	$21.41M	USD	Point-in-time
Long-term debt, related-party	`LongTermDebtAndCapitalLeaseObligations`	$33.65M	USD	Point-in-time
Warrant liabilities	`WarrantsLiabilities`	-	USD	Point-in-time
Warrant liabilities	`WarrantsLiabilities`	$-6.85M	USD	Point-in-time
Other long-term liabilities, net of current portion	`LiabilitiesNoncurrent`	$3.73M	USD	Point-in-time
Other long-term liabilities, net of current portion	`LiabilitiesNoncurrent`	$6.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$103.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$73.72M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock value	`CommonStockValue`	-	USD	Point-in-time
Common stock value	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.79M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$4.58M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-662.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-1.35M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-7.94M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.41M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.16M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.36M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.66M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.01M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-13.92M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$99.74M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$71.71M	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$103.00M	USD	1 Quarter
Revenues, net	`Revenues`	$75.76M	USD	1 Quarter
Revenues, net	`Revenues`	$186.65M	USD	2 Qtrs
Revenues, net	`Revenues`	$136.53M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$78.89M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$109.80M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$43.94M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$60.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$57.64M	USD	2 Qtrs
Gross profit	`GrossProfit`	$76.85M	USD	2 Qtrs
Gross profit	`GrossProfit`	$42.78M	USD	1 Quarter
Gross profit	`GrossProfit`	$31.82M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$35.97M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$59.98M	USD	2 Qtrs
Marketing and sales	`SellingAndMarketingExpense`	$52.77M	USD	2 Qtrs
Marketing and sales	`SellingAndMarketingExpense`	$30.72M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.93M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.07M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.50M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.07M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.24M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$555.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.93M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$36.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$65.90M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$45.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$74.42M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$2.44M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-4.67M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-8.26M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-2.36M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$971.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.67M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.44M	USD	2 Qtrs
Other income, net	`OtherIncome`	$235.00K	USD	2 Qtrs
Other income, net	`OtherIncome`	$82.00K	USD	1 Quarter
Other income, net	`OtherIncome`	$6.00K	USD	1 Quarter
Other income, net	`OtherIncome`	$101.00K	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-6.30M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in fair value - warrant liabilities	`ChangeInFairValueLiabilities`	-	USD	2 Qtrs
Change in fair value - warrant liabilities	`ChangeInFairValueLiabilities`	$3.69M	USD	1 Quarter
Change in fair value - warrant liabilities	`ChangeInFairValueLiabilities`	$1.99M	USD	2 Qtrs
Change in fair value - warrant liabilities	`ChangeInFairValueLiabilities`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.28M	USD	1 Quarter
Net loss	`ProfitLoss`	$-720.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-7.34M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.84M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-8.06M	USD	2 Qtrs
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.00M	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.55M	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.28M	USD	2 Qtrs
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.59M	USD	2 Qtrs
Net loss attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$-2.55M	USD	2 Qtrs
Net loss attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$-1.47M	USD	2 Qtrs
Net loss attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$-1.34M	USD	1 Quarter
Net loss attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$-1.00M	USD	1 Quarter
Net loss per common share-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	2 Qtrs
Net loss per common share-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.30	USD	2 Qtrs
Net loss per common share-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Net loss per common share-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	1 Quarter
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.41M	shares	1 Quarter
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.46M	shares	1 Quarter
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.45M	shares	2 Qtrs
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.40M	shares	2 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.28M	USD	1 Quarter
Net loss	`ProfitLoss`	$-720.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-7.34M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.84M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-8.06M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.57M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.00M	USD	2 Qtrs
Non-cash interest	`NonCashInterest`	$1.09M	USD	2 Qtrs
Non-cash interest	`NonCashInterest`	$1.56M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-6.30M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on change in fair value - warrant liabilities	`ChangeInFairValueLiabilities`	-	USD	2 Qtrs
Loss on change in fair value - warrant liabilities	`ChangeInFairValueLiabilities`	$3.69M	USD	1 Quarter
Loss on change in fair value - warrant liabilities	`ChangeInFairValueLiabilities`	$1.99M	USD	2 Qtrs
Loss on change in fair value - warrant liabilities	`ChangeInFairValueLiabilities`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$313.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$6.81M	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.06M	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.60M	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$2.12M	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$17.99M	USD	2 Qtrs
Increase in prepaid inventory and other assets	`IncreaseInPrepaidInventoryAndOtherAssets`	$1.63M	USD	2 Qtrs
Increase in prepaid inventory and other assets	`IncreaseInPrepaidInventoryAndOtherAssets`	$1.23M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.61M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.21M	USD	2 Qtrs
Increase in accrued sales returns	`IncreaseInAccruedSalesReturns`	$544.00K	USD	2 Qtrs
Increase in accrued sales returns	`IncreaseInAccruedSalesReturns`	$805.00K	USD	2 Qtrs
Increase in accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$2.07M	USD	2 Qtrs
Increase in accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$207.00K	USD	2 Qtrs
Increase (decrease) in customer prepayments	`IncreaseOrDecreaseInCustomerAdvances`	$3.41M	USD	2 Qtrs
Increase (decrease) in customer prepayments	`IncreaseOrDecreaseInCustomerAdvances`	$-2.45M	USD	2 Qtrs
Increase in other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$5.16M	USD	2 Qtrs
Increase in other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-718.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-27.61M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.15M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.97M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.14M	USD	2 Qtrs
Investment in intangible assets	`PaymentsToAcquireIntangibleAssets`	$121.00K	USD	2 Qtrs
Investment in intangible assets	`PaymentsToAcquireIntangibleAssets`	$117.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.08M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.26M	USD	2 Qtrs
Proceeds from the Business Combination	`ProceedsFromIssuanceOfCommonStock`	$25.91M	USD	2 Qtrs
Proceeds from the Business Combination	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from related-party debt	`ProceedsFromRelatedPartyDebt`	$24.00M	USD	2 Qtrs
Proceeds from related-party debt	`ProceedsFromRelatedPartyDebt`	$10.00M	USD	2 Qtrs
Repurchase of stock options	`PaymentForRepurchasesOfCommonStock`	$97.00K	USD	2 Qtrs
Repurchase of stock options	`PaymentForRepurchasesOfCommonStock`	-	USD	2 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$8.00M	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$367.00K	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$758.00K	USD	2 Qtrs
Principal payments on capital lease obligations	`ProceedsFromLongTermCapitalLeaseObligations`	$-14.00K	USD	2 Qtrs
Principal payments on capital lease obligations	`ProceedsFromLongTermCapitalLeaseObligations`	$-14.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.53M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.13M	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.84M	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.02M	USD	2 Qtrs
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.59M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.25M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.43M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.23M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.59M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.25M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.43M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.23M	USD	Point-in-time
Property and equipment included in accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$73.00K	USD	2 Qtrs
Property and equipment included in accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$482.00K	USD	2 Qtrs
Equipment acquired through capital lease	`EquipmentAcquiredThroughCapitalLease1`	$350.00K	USD	2 Qtrs
Equipment acquired through capital lease	`EquipmentAcquiredThroughCapitalLease1`	-	USD	2 Qtrs
Assignment of founder shares and sponsor warrants	`AssignmentOfFounderSharesAndWarrants`	$4.69M	USD	2 Qtrs
Assignment of founder shares and sponsor warrants	`AssignmentOfFounderSharesAndWarrants`	-	USD	2 Qtrs
Equipment acquired under build-to-suit service agreement	`EquipmentAcquiredThroughCapitalLease`	$1.29M	USD	2 Qtrs
Equipment acquired under build-to-suit service agreement	`EquipmentAcquiredThroughCapitalLease`	-	USD	2 Qtrs
Sale-leaseback of equipment under build-to-suit service agreement	`SaleLeasebackOfEquipmentUnderBuildToSuitServiceAgreement`	$-1.29M	USD	2 Qtrs
Sale-leaseback of equipment under build-to-suit service agreement	`SaleLeasebackOfEquipmentUnderBuildToSuitServiceAgreement`	-	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.41M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.66M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.01M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-13.92M	USD	Point-in-time
Net loss	`ProfitLoss`	$-5.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.28M	USD	1 Quarter
Net loss	`ProfitLoss`	$-720.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-7.34M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.84M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-8.06M	USD	2 Qtrs
Stock-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$6.81M	USD	2 Qtrs
Stock-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$313.00K	USD	2 Qtrs
Stock-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$313.00K	USD	1 Quarter
Stock-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$73.00K	USD	1 Quarter
Stock-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$6.73M	USD	1 Quarter
Repurchase of stock options	`PaymentsForRepurchaseOfCommonStock`	$97.00K	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Issuance of common stock, shares	`StockIssuedDuringPeriodSharesNewIssues`	-	shares	1 Quarter
Proceeds and shares issued in the Business Combination	`StockIssuedDuringPeriodValueAcquisitions`	$25.91M	USD	1 Quarter
Assignment of founder shares and sponsor warrants	`AssignmentOfFounderSharesAndSponsorWarrantsValue`	$4.69M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.41M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.66M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.01M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-13.92M	USD	Point-in-time

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