10-K Filing

ARTS WAY MANUFACTURING CO INC CIK: 7623 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001437749-23-003620`
Period End Date	20221130
Filing Date	20230216
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	artw20221130_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 36 Cash Flow Statement 80 Stockholders Equity 11

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.70K	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$38.19K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.05K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.66K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Shares Authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Accounts receivable-customers, net of allowance for doubtful accounts of $34,699 and $38,188 in 2022 and 2021, respectively	`AccountsReceivableNetCurrent`	$2.66M	USD	Point-in-time
Preferred Stock, Shares Authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Accounts receivable-customers, net of allowance for doubtful accounts of $34,699 and $38,188 in 2022 and 2021, respectively	`AccountsReceivableNetCurrent`	$2.72M	USD	Point-in-time
Preferred Stock, Shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$10.61M	USD	Point-in-time
Preferred Stock, Shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$9.21M	USD	Point-in-time
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cost and profit in excess of billings	`ContractWithCustomerAssetNetCurrent`	$450.91K	USD	Point-in-time
Cost and profit in excess of billings	`ContractWithCustomerAssetNetCurrent`	$177.28K	USD	Point-in-time
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock, Par or Stated Value Per Share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$121.17K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par or Stated Value Per Share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$343.62K	USD	Point-in-time
Common Stock, Shares Authorized (in shares)	`CommonStockSharesAuthorized`	9.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$14.13M	USD	Point-in-time
Common Stock, Shares Authorized (in shares)	`CommonStockSharesAuthorized`	9.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$12.17M	USD	Point-in-time
Common Stock, Shares, Issued (in shares)	`CommonStockSharesIssued`	5.01M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$6.18M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$5.24M	USD	Point-in-time
Common Stock, Shares, Issued (in shares)	`CommonStockSharesIssued`	4.58M	shares	Point-in-time
Assets held for lease, net	`AssetsHeldForLeaseNet`	$400.32K	USD	Point-in-time
Treasury Stock, Shares, Total (in shares)	`TreasuryStockShares`	64,574.00	shares	Point-in-time
Assets held for lease, net	`AssetsHeldForLeaseNet`	$521.55K	USD	Point-in-time
Treasury Stock, Shares, Total (in shares)	`TreasuryStockShares`	44,532.00	shares	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.61M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.62M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$299.03K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$630.25K	USD	Point-in-time
Total assets	`Assets`	$20.85M	USD	Point-in-time
Total assets	`Assets`	$23.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.74M	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$278.51K	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$828.57K	USD	Point-in-time
Billings in excess of cost and profit	`ContractWithCustomerLiabilityCurrentBillingInExcessOfCostAndProfit`	$328.04K	USD	Point-in-time
Billings in excess of cost and profit	`ContractWithCustomerLiabilityCurrentBillingInExcessOfCostAndProfit`	$280.76K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.50K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.50K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.28M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$4.07M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$3.92M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$48.59K	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$170.84K	USD	Point-in-time
Current portion of long-term debt	`LoansPayableCurrent`	$97.68K	USD	Point-in-time
Current portion of long-term debt	`LoansPayableCurrent`	$99.46K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.27M	USD	Point-in-time
Long-term portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$34.93K	USD	Point-in-time
Long-term portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$24.02K	USD	Point-in-time
Long-term portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$142.39K	USD	Point-in-time
Long-term portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$602.13K	USD	Point-in-time
Long-term debt, excluding current portion	`LongTermDebtNoncurrent`	$2.90M	USD	Point-in-time
Long-term debt, excluding current portion	`LongTermDebtNoncurrent`	$2.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.80M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2022 and 2021; issued and outstanding 0 shares in 2022 and 2021.	`PreferredStockValue`	-	USD	Point-in-time
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2022 and 2021; issued and outstanding 0 shares in 2022 and 2021.	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.01 par value. Authorized 9,500,000 shares in 2022 and 2021; issued 5,013,671 in 2022 and 4,583,504 in 2021	`CommonStockValue`	$45.84K	USD	Point-in-time
Common stock $0.01 par value. Authorized 9,500,000 shares in 2022 and 2021; issued 5,013,671 in 2022 and 4,583,504 in 2021	`CommonStockValue`	$50.14K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.66M	USD	Point-in-time
Treasury stock, at cost (64,574 in 2022 and 44,532 in 2021 shares)	`TreasuryStockValue`	$200.96K	USD	Point-in-time
Treasury stock, at cost (64,574 in 2022 and 44,532 in 2021 shares)	`TreasuryStockValue`	$108.52K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$9.91M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$11.15M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$10.35M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$20.85M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$23.95M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$28.40M	USD	Annual
Sales	`Revenues`	$24.97M	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$21.09M	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$18.37M	USD	Annual
Gross profit	`GrossProfit`	$6.60M	USD	Annual
Gross profit	`GrossProfit`	$7.31M	USD	Annual
Engineering	`EngineeringExpense`	$505.08K	USD	Annual
Engineering	`EngineeringExpense`	$580.54K	USD	Annual
Selling	`SellingAndMarketingExpense`	$2.17M	USD	Annual
Selling	`SellingAndMarketingExpense`	$2.01M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$4.23M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.55M	USD	Annual
Total expenses	`OperatingExpenses`	$6.97M	USD	Annual
Total expenses	`OperatingExpenses`	$6.07M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$523.41K	USD	Annual
Income from operations	`OperatingIncomeLoss`	$332.68K	USD	Annual
Interest expense	`InterestExpense`	$313.49K	USD	Annual
Interest expense	`InterestExpense`	$453.87K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$238.19K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$56.97K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-256.52K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-215.68K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$117.00K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$266.89K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$19.20K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$54.26K	USD	Annual
Net Income	`NetIncomeLoss`	$97.80K	USD	Annual
Net Income	`NetIncomeLoss`	$212.63K	USD	Annual
Basic Net Income per share (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	Annual
Basic Net Income per share (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	Annual
Diluted Net Income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	Annual
Diluted Net Income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	Annual
Weighted average outstanding shares used to compute basic net income per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.52M	shares	Annual
Weighted average outstanding shares used to compute basic net income per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.71M	shares	Annual
Weighted average outstanding shares used to compute diluted net income per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.52M	shares	Annual
Weighted average outstanding shares used to compute diluted net income per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.71M	shares	Annual

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`IncomeLossFromContinuingOperations`	$97.80K	USD	Annual
Net income	`IncomeLossFromContinuingOperations`	$212.63K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$287.72K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$265.54K	USD	Annual
Decrease in obsolete inventory reserves	`InventoryWriteDown`	$-638.63K	USD	Annual
Decrease in obsolete inventory reserves	`InventoryWriteDown`	$-214.41K	USD	Annual
Gain on disposal of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$17.93K	USD	Annual
Gain on disposal of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$154.11K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$807.16K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$613.41K	USD	Annual
Accrued interest on deferred debt payments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAccruedInterestOnDeferredDebtPayments`	$16.92K	USD	Annual
Accrued interest on deferred debt payments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAccruedInterestOnDeferredDebtPayments`	$16.98K	USD	Annual
Decrease in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-12.99K	USD	Annual
Decrease in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.49K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$16.49K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$45.80K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.78K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$259.44K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.19M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$809.07K	USD	Annual
Net investment in sales-type leases	`IncreaseDecreaseInLeasingReceivables`	-	USD	Annual
Net investment in sales-type leases	`IncreaseDecreaseInLeasingReceivables`	$-28.35K	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.06K	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$59.89K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-218.31K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$893.88K	USD	Annual
Contracts in progress, net	`IncreaseDecreaseInOtherOperatingLiabilities`	$-226.34K	USD	Annual
Contracts in progress, net	`IncreaseDecreaseInOtherOperatingLiabilities`	$-116.72K	USD	Annual
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$80.28K	USD	Annual
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$550.06K	USD	Annual
Income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$4.40K	USD	Annual
Income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$-2.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$122.81K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-120.27K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$951.72K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-985.85K	USD	Annual
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.75M	USD	Annual
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$620.28K	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.81K	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$403.50K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-599.48K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.34M	USD	Annual
Net change in line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-150.03K	USD	Annual
Net change in line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.72M	USD	Annual
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$9.05K	USD	Annual
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$116.19K	USD	Annual
Proceeds from term debt	`ProceedsFromPaycheckProtectionProgramUnderCARESAct`	$350.00K	USD	Annual
Proceeds from term debt	`ProceedsFromPaycheckProtectionProgramUnderCARESAct`	-	USD	Annual
Repayment of term debt	`RepaymentsOfLongTermDebt`	$99.93K	USD	Annual
Repayment of term debt	`RepaymentsOfLongTermDebt`	$90.18K	USD	Annual
Proceeds from common stock purchase agreement	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from common stock purchase agreement	`ProceedsFromIssuanceOfCommonStock`	$545.53K	USD	Annual
Cost of equity issuance	`PaymentsOfStockIssuanceCosts`	$42.42K	USD	Annual
Cost of equity issuance	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$30.47K	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$92.43K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$394.52K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.59M	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-26.00	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.40K	USD	Annual
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.66K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.68K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.05K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.66K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.68K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.05K	USD	Point-in-time
Interest	`InterestPaidNet`	$421.24K	USD	Annual
Interest	`InterestPaidNet`	$270.62K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$2.37K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$1.68K	USD	Annual
Right-of-use (ROU) assets acquired (included in other assets)	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$698.15K	USD	Annual
Right-of-use (ROU) assets acquired (included in other assets)	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$219.94K	USD	Annual
Less: Cash proceeds received under Manufuacturing 4.0 grant applied to ROU Assets - Note 13	`RightofuseAssetsExchangedForOperatingLeaseLiabilityCashProceedsReceived`	$-224.51K	USD	Annual
Less: Cash proceeds received under Manufuacturing 4.0 grant applied to ROU Assets - Note 13	`RightofuseAssetsExchangedForOperatingLeaseLiabilityCashProceedsReceived`	-	USD	Annual
Total (ROU) assets acquired (included in other assets)	`RightofuseAssetsObtainedInExchangeForOperatingLeaseLiabilityNet`	$473.64K	USD	Annual
Total (ROU) assets acquired (included in other assets)	`RightofuseAssetsObtainedInExchangeForOperatingLeaseLiabilityNet`	$219.94K	USD	Annual
Amortization of operating lease ROU assets (included in other assets)	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$12.86K	USD	Annual
Amortization of operating lease ROU assets (included in other assets)	`OperatingLeaseRightOfUseAssetAmortizationExpense`	-	USD	Annual
Market value of commitment shares issued under purchase agreement	`StockIssued1`	$160.00K	USD	Annual
Market value of commitment shares issued under purchase agreement	`StockIssued1`	-	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$9.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.35M	USD	Point-in-time
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$235.07K	USD	Annual
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$195.29K	USD	Annual
Net Income	`NetIncomeLoss`	$97.80K	USD	Annual
Net Income	`NetIncomeLoss`	$212.63K	USD	Annual
Common stock purchase agreement	`StockIssuedDuringPeriodValueNewIssues`	$503.10K	USD	Annual
Balance	`StockholdersEquity`	$9.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.35M	USD	Point-in-time

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