10-Q Filing

CPI AEROSTRUCTURES INC CIK: 889348 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001387131-19-008449`
Period End Date	20190930
Filing Date	20191108
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	cvu-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 62 Cash Flow Statement 64 Stockholders Equity 42

Balance Sheet 75 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`	$468.54K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`Cash`	$4.13M	USD	Point-in-time
Cash	`Cash`	$828.59K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.00M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	11.72M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	11.84M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$2.00M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $275,000 as of September 30, 2019 and December 31, 2018	`AccountsReceivableNetCurrent`	$8.62M	USD	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 September 30, 2019 and December 31, 2018	`AccountsReceivableNetCurrent`	$10.28M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	11.84M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	11.72M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$121.46M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$113.33M	USD	Point-in-time
Inventory	`InventoryNet`	$9.71M	USD	Point-in-time
Inventory	`InventoryNet`	$10.40M	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`	$966.52K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$146.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$140.20M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$4.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.14M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.55M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivableNoncurrent`	$435.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$279.32K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$249.57K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$207.10K	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`	$10.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.90M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.46M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.56M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$3.81M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$1.82M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.43M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.50M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.67M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$26.74M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$24.04M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$115.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$41.85M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$3.03M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$3.88M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$2.37M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$4.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.96M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$531.12K	USD	Point-in-time
Total liabilities	`Liabilities`	$53.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.29M	USD	Point-in-time
Common stock - $.001 par value; authorized 50,000,000 shares, 11,839,065 and 11,718,246 shares, respectively, issued and outstanding	`CommonStockValue`	$11.84K	USD	Point-in-time
Common stock - $.001 par value; authorized 50,000,000 shares, 11,839,065 and 11,718,246 shares, respectively, issued and outstanding	`CommonStockValue`	$11.71K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$70.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$71.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.80M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$74.31M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$100.17M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$75.91M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$78.01M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$77.35M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$93.42M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$95.35M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$98.25M	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 62 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$74.45M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$57.47M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$25.71M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.02M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$59.12M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$44.96M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$15.15M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$20.75M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.96M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$15.34M	USD	3 Qtrs
Gross profit	`GrossProfit`	$12.51M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.58M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.59M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.11M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.19M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$5.31M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.29M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.37M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.22M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.46M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.44M	USD	3 Qtrs
Interest expense	`InterestExpense`	$378.19K	USD	1 Quarter
Interest expense	`InterestExpense`	$574.76K	USD	1 Quarter
Income before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.76M	USD	3 Qtrs
Income before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.87M	USD	3 Qtrs
Income before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.99M	USD	1 Quarter
Income before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$711.90K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$126.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-276.00K	USD	3 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$323.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$775.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.04M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$585.90K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.67M	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	`OtherComprehensiveIncomeLossNetOfTax`	$14.80K	USD	3 Qtrs
Other comprehensive income net of tax- Change in unrealized loss on interest rate swap	`OtherComprehensiveIncomeLossNetOfTax`	$20.60K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.11M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.67M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$606.50K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.04M	USD	3 Qtrs
Income per common share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.35	USD	3 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`	$0.51	USD	3 Qtrs
Income per common share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Income per common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Income per common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Income per common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.51	USD	3 Qtrs
Income per common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.93M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.84M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.80M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.95M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.95M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.98M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.86M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.82M	shares	3 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$3.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$6.04M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$729.32K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$521.25K	USD	3 Qtrs
Debt issuance costs	`AmortizationOfFinancingCosts`	$67.48K	USD	3 Qtrs
Debt issuance costs	`AmortizationOfFinancingCosts`	$58.99K	USD	3 Qtrs
Non-cash lease expense	`NoncashLeaseExpense`	$-84.04K	USD	3 Qtrs
Non-cash lease expense	`NoncashLeaseExpense`	$-53.07K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$793.44K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$536.17K	USD	3 Qtrs
Common stock issued as employee compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$32.32K	USD	3 Qtrs
Common stock issued as employee compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$45.91K	USD	3 Qtrs
Adjustment for maturity of interest rate swap	`AdjustmentForMaturityOfInterestRateSwap`	$-20.60K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$125.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-784.63K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$881.50K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.66M	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.11M	USD	3 Qtrs
Increase in contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$2.01M	USD	3 Qtrs
Increase in contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$8.12M	USD	3 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$95.27K	USD	3 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$692.06K	USD	3 Qtrs
Decrease in refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-435.00K	USD	3 Qtrs
Decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-797.62K	USD	3 Qtrs
Decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-177.62K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.35M	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$890.67K	USD	3 Qtrs
(Decrease) increase in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-2.36M	USD	3 Qtrs
(Decrease) increase in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$218.49K	USD	3 Qtrs
Decrease in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-10.98K	USD	3 Qtrs
Decrease in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-115.00K	USD	3 Qtrs
Decrease in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-109.33K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.05M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.04M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$521.50K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$334.91K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-521.50K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-334.91K	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermLinesOfCredit`	$1.84M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermLinesOfCredit`	$1.52M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLongTermLinesOfCredit`	$3.00M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLongTermLinesOfCredit`	$6.20M	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLongTermDebt`	$300.00K	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLongTermDebt`	$1.50M	USD	3 Qtrs
Stock offering costs paid	`PaymentsOfDebtIssuanceCosts`	$119.57K	USD	3 Qtrs
Debt issue costs paid	`PaymentsOfStockIssuanceCosts`	$25.00K	USD	3 Qtrs
Debt issue costs paid	`PaymentsOfStockIssuanceCosts`	$209.08K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$715.22K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.97M	USD	3 Qtrs
Net decrease in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.66M	USD	3 Qtrs
Net decrease in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-602.28K	USD	3 Qtrs
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.47M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$828.59K	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`	$1.43M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.47M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$828.59K	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.13M	USD	Point-in-time
Interest	`InterestPaidNet`	$1.60M	USD	3 Qtrs
Interest	`InterestPaidNet`	$1.41M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$103.93K	USD	3 Qtrs
Equipment acquired under financing lease	`CapitalLeaseObligationsIncurred`	$649.16K	USD	3 Qtrs
Equipment acquired under financing lease	`CapitalLeaseObligationsIncurred`	$399.80K	USD	3 Qtrs

Stockholders Equity 42 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning	`StockholdersEquity`	$74.31M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$100.17M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$75.91M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$78.01M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$77.35M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$93.42M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$95.35M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$98.25M	USD	Point-in-time
Balance, beginning (in shares)	`CommonStockSharesOutstanding`	11.82M	shares	Point-in-time
Balance, beginning (in shares)	`CommonStockSharesOutstanding`	11.84M	shares	Point-in-time
Balance, beginning (in shares)	`CommonStockSharesOutstanding`	11.72M	shares	Point-in-time
Net income	`NetIncomeLoss`	$2.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.04M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$585.90K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.26M	USD	1 Quarter
Change in unrealized loss from interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-5.80K	USD	1 Quarter
Change in unrealized loss from interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$20.60K	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	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$45.91K	USD	1 Quarter
Common stock issued as employee compensation	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$32.32K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$209.57K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$76.45K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$155.78K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$330.79K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$253.09K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$303.94K	USD	1 Quarter
Balance, ending	`StockholdersEquity`	$74.31M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$100.17M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$75.91M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$78.01M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$77.35M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$93.42M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$95.35M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$98.25M	USD	Point-in-time
Balance, ending (in shares)	`CommonStockSharesOutstanding`	11.82M	shares	Point-in-time
Balance, ending (in shares)	`CommonStockSharesOutstanding`	11.84M	shares	Point-in-time
Balance, ending (in shares)	`CommonStockSharesOutstanding`	11.72M	shares	Point-in-time

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