10-Q Filing

CPI AEROSTRUCTURES INC CIK: 889348 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001387131-19-005872`
Period End Date	20190630
Filing Date	20190808
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	cvu-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 60 Cash Flow Statement 61 Stockholders Equity 32

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$275.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$275.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$4.13M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`Cash`	$752.61K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`Cash`	$1.03M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.00M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	11.72M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$2.00M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	11.82M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	11.72M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	11.82M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $275,000 as of June 30, 2019 and December 31, 2018	`AccountsReceivableNetCurrent`	$8.62M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $275,000 as of June 30, 2019 and December 31, 2018	`AccountsReceivableNetCurrent`	$8.40M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$113.33M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$120.25M	USD	Point-in-time
Inventory	`InventoryNet`	$11.96M	USD	Point-in-time
Inventory	`InventoryNet`	$9.71M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$435.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$435.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.12M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$144.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$140.20M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$4.63M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.30M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.55M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.36M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivableNoncurrent`	$435.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$279.32K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$488.32K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$230.26K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$249.57K	USD	Point-in-time
Total assets	`Assets`	$153.62M	USD	Point-in-time
Total assets	`Assets`	$143.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.54M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.56M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$927.67K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$3.81M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$3.49M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.43M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.51M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.64M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$24.04M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$25.74M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$115.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$453.83K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$41.85M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$3.46M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$5.80M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$2.98M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$3.88M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$4.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.64M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$531.12K	USD	Point-in-time
Total liabilities	`Liabilities`	$55.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.29M	USD	Point-in-time
Common stock - $.001 par value; authorized 50,000,000 shares, 11,820,390 and 11,718,246 shares, respectively, issued and outstanding	`CommonStockValue`	$11.71K	USD	Point-in-time
Common stock - $.001 par value; authorized 50,000,000 shares, 11,820,390 and 11,718,246 shares, respectively, issued and outstanding	`CommonStockValue`	$11.81K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$71.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$70.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.13M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$95.35M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$77.35M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$74.31M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$93.42M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$98.25M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$75.91M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$143.71M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$153.62M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$23.16M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.26M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$38.45M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$48.74M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$38.37M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$15.68M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$18.20M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$29.82M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.58M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.63M	USD	2 Qtrs
Gross profit	`GrossProfit`	$10.37M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.96M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.56M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.52M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.61M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.71M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.86M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.25M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.03M	USD	2 Qtrs
Interest expense	`InterestExpense`	$416.83K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.09M	USD	2 Qtrs
Interest expense	`InterestExpense`	$575.41K	USD	1 Quarter
Interest expense	`InterestExpense`	$864.10K	USD	2 Qtrs
Income before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.61M	USD	1 Quarter
Income before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.67M	USD	1 Quarter
Income before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.77M	USD	2 Qtrs
Income before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.16M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-599.00K	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$353.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-1.04M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$649.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.51M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.37M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.26M	USD	1 Quarter
Other comprehensive income net of tax- Change in unrealized loss on interest rate swap	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$14.80K	USD	2 Qtrs
Other comprehensive income net of tax- Change in unrealized loss on interest rate swap	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$20.60K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.71M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.37M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.28M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.53M	USD	2 Qtrs
Income per common share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Income per common share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.37	USD	2 Qtrs
Income per common share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Income per common share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.28	USD	2 Qtrs
Income per common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	2 Qtrs
Income per common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.28	USD	2 Qtrs
Income per common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Income per common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.61M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.94M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.71M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.91M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.95M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.64M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.75M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.98M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.37M	USD	2 Qtrs
Net income	`ProfitLoss`	$2.51M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$333.28K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$483.98K	USD	2 Qtrs
Debt issuance costs	`AmortizationOfFinancingCosts`	$44.32K	USD	2 Qtrs
Debt issuance costs	`AmortizationOfFinancingCosts`	$42.78K	USD	2 Qtrs
Non-cash lease expense	`NoncashLeaseExpense`	$-56.02K	USD	2 Qtrs
Non-cash lease expense	`NoncashLeaseExpense`	$-35.38K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$459.72K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$540.35K	USD	2 Qtrs
Common stock issued as employee compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$32.32K	USD	2 Qtrs
Common stock issued as employee compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$45.91K	USD	2 Qtrs
Adjustment for maturity of interest rate swap	`AdjustmentForMaturityOfInterestRateSwap`	$-20.60K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$755.50K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.60M	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.72K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-223.41K	USD	2 Qtrs
Increase in contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$4.02M	USD	2 Qtrs
Increase in contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$6.92M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$2.24M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$125.53K	USD	2 Qtrs
Decrease in refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-435.00K	USD	2 Qtrs
Decrease (increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$158.64K	USD	2 Qtrs
Decrease (increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-645.52K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.62M	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.01M	USD	2 Qtrs
(Decrease) increase in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-694.41K	USD	2 Qtrs
(Decrease) increase in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$337.25K	USD	2 Qtrs
Decrease in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-10.98K	USD	2 Qtrs
Increase (decrease) in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-109.33K	USD	2 Qtrs
Increase (decrease) in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$338.83K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.58M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.39M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$314.46K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$369.74K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-369.74K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-314.46K	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermLinesOfCredit`	$946.52K	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermLinesOfCredit`	$1.22M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLongTermLinesOfCredit`	$4.50M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLongTermLinesOfCredit`	$2.00M	USD	2 Qtrs
Payments on line of credit	`RepaymentsOfLongTermDebt`	$300.00K	USD	2 Qtrs
Stock offering costs paid	`PaymentsOfDebtIssuanceCosts`	$119.57K	USD	2 Qtrs
Debt issue costs paid	`PaymentsOfStockIssuanceCosts`	$25.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.55M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$333.34K	USD	2 Qtrs
Net decrease in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.38M	USD	2 Qtrs
Net decrease in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-398.78K	USD	2 Qtrs
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.03M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.75M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.13M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.03M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.75M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.13M	USD	Point-in-time
Interest	`InterestPaidNet`	$1.33M	USD	2 Qtrs
Interest	`InterestPaidNet`	$1.05M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$141.70K	USD	2 Qtrs
Equipment acquired under financing lease	`CapitalLeaseObligationsIncurred`	$497.60K	USD	2 Qtrs
Equipment acquired under financing lease	`CapitalLeaseObligationsIncurred`	$399.80K	USD	2 Qtrs

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning	`StockholdersEquity`	$95.35M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$77.35M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$74.31M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$93.42M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$98.25M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$75.91M	USD	Point-in-time
Balance, beginning (in shares)	`CommonStockSharesOutstanding`	11.72M	shares	Point-in-time
Balance, beginning (in shares)	`CommonStockSharesOutstanding`	11.82M	shares	Point-in-time
Net income	`NetIncomeLoss`	$2.51M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.37M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.26M	USD	1 Quarter
Change in unrealized loss from interest rate swap	`OtherComprehensiveIncomeLossNetOfTax`	$20.60K	USD	1 Quarter
Change in unrealized loss from interest rate swap	`OtherComprehensiveIncomeLossNetOfTax`	$-5.80K	USD	1 Quarter
Costs related to stock offering	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$55.20K	USD	1 Quarter
Costs related to stock offering	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$64.37K	USD	1 Quarter
Common stock issued as employee compensation	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$32.32K	USD	1 Quarter
Common stock issued as employee compensation	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$45.91K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$330.79K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$303.94K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$209.57K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$155.78K	USD	1 Quarter
Balance, ending	`StockholdersEquity`	$95.35M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$77.35M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$74.31M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$93.42M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$98.25M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$75.91M	USD	Point-in-time
Balance, ending (in shares)	`CommonStockSharesOutstanding`	11.72M	shares	Point-in-time
Balance, ending (in shares)	`CommonStockSharesOutstanding`	11.82M	shares	Point-in-time

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