10-Q Filing

Globalstar, Inc. CIK: 1366868 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001366868-17-000044`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	gsat-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 46 Cash Flow Statement 82

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.15M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.97M	USD	Point-in-time
Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$7.02M	USD	Point-in-time
Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$7.08M	USD	Point-in-time
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.23M	USD	Point-in-time
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.54M	USD	Point-in-time
Accounts receivable, net of allowance of $4,151 and $3,966, respectively	`AccountsReceivableNetCurrent`	$15.22M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net of allowance of $4,151 and $3,966, respectively	`AccountsReceivableNetCurrent`	$12.92M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory	`InventoryNet`	$8.85M	USD	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
Inventory	`InventoryNet`	$8.09M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.83M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$50.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$38.13M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.04B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.03B	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$37.91M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$37.98M	USD	Point-in-time
Intangible and other assets, net of accumulated amortization of $7,079 and $7,021, respectively	`IntangibleAssetsAndOtherAssetsNoncurrent`	$18.53M	USD	Point-in-time
Intangible and other assets, net of accumulated amortization of $7,079 and $7,021, respectively	`IntangibleAssetsAndOtherAssetsNoncurrent`	$16.78M	USD	Point-in-time
Total assets	`Assets`	$1.13B	USD	Point-in-time
Total assets	`Assets`	$1.13B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$75.75M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$75.75M	USD	Point-in-time
Debt restructuring fees	`AccountsPayableAndAccruedLiabilitiesCurrent`	$20.80M	USD	Point-in-time
Debt restructuring fees	`AccountsPayableAndAccruedLiabilitiesCurrent`	$20.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.21M	USD	Point-in-time
Accrued contract termination charge	`AccruedLiabilitiesAndOtherLiabilities`	$18.73M	USD	Point-in-time
Accrued contract termination charge	`AccruedLiabilitiesAndOtherLiabilities`	$18.45M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$23.16M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$27.52M	USD	Point-in-time
Payables to affiliates	`DueToRelatedPartiesCurrent`	$236.00K	USD	Point-in-time
Payables to affiliates	`DueToRelatedPartiesCurrent`	$309.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$26.48M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$26.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$176.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$172.45M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$507.50M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$500.52M	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$4.88M	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$4.92M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$277.95M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$281.17M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$5.86M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$5.88M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$6.19M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$5.89M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$802.42M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$798.35M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.66B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.65B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.38M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.20M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-1.48B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-1.50B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$161.82M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$155.41M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.13B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.13B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Service revenues	`SalesRevenueServicesNet`	$21.48M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$18.75M	USD	1 Quarter
Subscriber equipment sales	`SalesRevenueGoodsNet`	$3.17M	USD	1 Quarter
Subscriber equipment sales	`SalesRevenueGoodsNet`	$3.09M	USD	1 Quarter
Total revenue	`Revenues`	$21.84M	USD	1 Quarter
Total revenue	`Revenues`	$24.65M	USD	1 Quarter
Cost of services (exclusive of depreciation, amortization, and accretion shown separately below)	`CostOfServices`	$8.97M	USD	1 Quarter
Cost of services (exclusive of depreciation, amortization, and accretion shown separately below)	`CostOfServices`	$7.59M	USD	1 Quarter
Cost of subscriber equipment sales	`CostOfGoodsSold`	$2.10M	USD	1 Quarter
Cost of subscriber equipment sales	`CostOfGoodsSold`	$2.18M	USD	1 Quarter
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.49M	USD	1 Quarter
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.61M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$19.29M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$19.16M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$39.85M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$37.53M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-15.20M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-15.70M	USD	1 Quarter
Gain on equity issuance	`FairValueAdjustmentOfWarrants`	$-151.00K	USD	1 Quarter
Gain on equity issuance	`FairValueAdjustmentOfWarrants`	$-706.00K	USD	1 Quarter
Interest income and expense, net of amounts capitalized	`InterestIncomeExpenseNonoperatingNet`	$-8.83M	USD	1 Quarter
Interest income and expense, net of amounts capitalized	`InterestIncomeExpenseNonoperatingNet`	$-9.11M	USD	1 Quarter
Derivative gain (loss)	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.34M	USD	1 Quarter
Derivative gain (loss)	`GainLossOnDerivativeInstrumentsNetPretax`	$3.22M	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-760.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-24.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-4.92M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-11.06M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-26.76M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-20.12M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$191.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$36.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.95M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-651.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-821.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-27.60M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-20.98M	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.04B	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.11B	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.11B	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.04B	shares	1 Quarter

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-20.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.95M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$19.29M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$19.16M	USD	1 Quarter
Change in fair value of derivative assets and liabilities	`UnrealizedGainLossOnDerivatives`	$-1.34M	USD	1 Quarter
Change in fair value of derivative assets and liabilities	`UnrealizedGainLossOnDerivatives`	$3.22M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$785.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.19M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.08M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.35M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$418.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$-52.00K	USD	1 Quarter
Noncash interest and accretion expense	`NonCashInterestExpenseCashFlow`	$2.72M	USD	1 Quarter
Noncash interest and accretion expense	`NonCashInterestExpenseCashFlow`	$2.80M	USD	1 Quarter
Change in fair value related to equity issuance	`FairValueAdjustmentOfWarrants`	$-151.00K	USD	1 Quarter
Change in fair value related to equity issuance	`FairValueAdjustmentOfWarrants`	$-706.00K	USD	1 Quarter
Unrealized foreign currency (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-761.00K	USD	1 Quarter
Unrealized foreign currency (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$225.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$26.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-754.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.96M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$58.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.22M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$320.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-122.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$829.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-39.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$214.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.57M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.14M	USD	1 Quarter
Payables to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-73.00K	USD	1 Quarter
Payables to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-1.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-655.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$124.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$425.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$307.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.31M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.60M	USD	1 Quarter
Second-generation network costs (including interest)	`PaymentsForConstructionInProcess`	$1.60M	USD	1 Quarter
Second-generation network costs (including interest)	`PaymentsForConstructionInProcess`	$2.30M	USD	1 Quarter
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.95M	USD	1 Quarter
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.00M	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$361.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$784.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.91M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.09M	USD	1 Quarter
Proceeds from issuance of stock to Terrapin	`ProceedsFromIssuanceOfCommonStock`	$6.50M	USD	1 Quarter
Proceeds from issuance of stock to Terrapin	`ProceedsFromIssuanceOfCommonStock`	$12.00M	USD	1 Quarter
Proceeds from issuance of common stock and exercise of options and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$18.00K	USD	1 Quarter
Proceeds from issuance of common stock and exercise of options and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$28.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.02M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.53M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectofExchangeRateonCashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$-3.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectofExchangeRateonCashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$160.00K	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$13.24M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.38M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$48.21M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$45.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$61.45M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$49.78M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$48.21M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$45.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$61.45M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$49.78M	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$48.21M	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$45.39M	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$61.45M	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents`	$49.78M	USD	Point-in-time
Interest	`InterestPaid`	$492.00K	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$17.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Increase in capitalized accrued interest for second-generation network costs	`InterestCostsIncurredCapitalized`	$971.00K	USD	1 Quarter
Increase in capitalized accrued interest for second-generation network costs	`InterestCostsIncurredCapitalized`	$729.00K	USD	1 Quarter
Capitalized accretion of debt discount and amortization of prepaid financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$1.23M	USD	1 Quarter
Capitalized accretion of debt discount and amortization of prepaid financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$1.03M	USD	1 Quarter
Issuance of common stock for legal settlement	`StockIssuedDuringPeriodValueIssuedforSettlement`	$500.00K	USD	Point-in-time
Issuance of common stock for legal settlement	`StockIssuedDuringPeriodValueIssuedforSettlement`	$453.00K	USD	1 Quarter
Issuance of common stock for legal settlement	`StockIssuedDuringPeriodValueIssuedforSettlement`	$1.40M	USD	Point-in-time
Issuance of common stock for legal settlement	`StockIssuedDuringPeriodValueIssuedforSettlement`	-	USD	1 Quarter
Issuance of common stock for legal settlement	`StockIssuedDuringPeriodValueIssuedforSettlement`	1.40M	BRL	Point-in-time
Issuance of common stock for legal settlement	`StockIssuedDuringPeriodValueIssuedforSettlement`	4.50M	BRL	Point-in-time

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