10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001493152-22-003869 |
| Period End Date | 20211231 |
| Filing Date | 20220211 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | form10-q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Cash |
Cash
|
$10.82M | USD | Point-in-time |
| Cash |
Cash
|
$10.97M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
18.20M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
17.82M | shares | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$795.30K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
17.82M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
18.20M | shares | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$555.24K | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$384.20K | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$573.46K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$673.00K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$482.29K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$12.43M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$12.82M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$640.32K | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$674.02K | USD | Point-in-time |
| Right-of-use asset - operating lease |
OperatingLeaseRightOfUseAsset
|
$542.16K | USD | Point-in-time |
| Right-of-use asset - operating lease |
OperatingLeaseRightOfUseAsset
|
$386.59K | USD | Point-in-time |
| Investment |
Investments
|
$175.43K | USD | Point-in-time |
| Investment |
Investments
|
$174.27K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$79.82K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$79.59K | USD | Point-in-time |
| Total other assets |
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
|
$796.02K | USD | Point-in-time |
| Total other assets |
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
|
$641.83K | USD | Point-in-time |
| Total assets |
Assets
|
$14.26M | USD | Point-in-time |
| Total assets |
Assets
|
$13.74M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$342.79K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$681.53K | USD | Point-in-time |
| Current portion of long-term loan payable |
LoansPayableCurrent
|
$31.61K | USD | Point-in-time |
| Current portion of long-term loan payable |
LoansPayableCurrent
|
$43.62K | USD | Point-in-time |
| Current portion of lease liability - operating lease |
OperatingLeaseLiabilityCurrent
|
$150.93K | USD | Point-in-time |
| Current portion of lease liability - operating lease |
OperatingLeaseLiabilityCurrent
|
$205.10K | USD | Point-in-time |
| Current portion of lease liability - finance lease |
FinanceLeaseLiabilityCurrent
|
$27.83K | USD | Point-in-time |
| Current portion of lease liability - finance lease |
FinanceLeaseLiabilityCurrent
|
$28.73K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$274.01K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$129.51K | USD | Point-in-time |
| Deferred income |
DeferredIncomeCurrent
|
$175.82K | USD | Point-in-time |
| Deferred income |
DeferredIncomeCurrent
|
$327.22K | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$138.63K | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$95.04K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.50M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.15M | USD | Point-in-time |
| Lease liability - operating lease, net of current portion |
OperatingLeaseLiabilityNoncurrent
|
$348.94K | USD | Point-in-time |
| Lease liability - operating lease, net of current portion |
OperatingLeaseLiabilityNoncurrent
|
$247.66K | USD | Point-in-time |
| Lease liability - finance lease, net of current portion |
FinanceLeaseLiabilityNoncurrent
|
$43.83K | USD | Point-in-time |
| Lease liability - finance lease, net of current portion |
FinanceLeaseLiabilityNoncurrent
|
$50.57K | USD | Point-in-time |
| Loan payable - long term, net of current portion |
LongTermLoansPayable
|
$12.70K | USD | Point-in-time |
| Loan payable - long term, net of current portion |
LongTermLoansPayable
|
$10.73K | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$65.80K | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$67.56K | USD | Point-in-time |
| Total non current liabilities |
LiabilitiesNoncurrent
|
$376.72K | USD | Point-in-time |
| Total non current liabilities |
LiabilitiesNoncurrent
|
$471.06K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.97M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.53M | USD | Point-in-time |
| Common stock; 100,000,000 shares authorized, $0.00001 par value; 18,204,837 and 17,820,390 shares issued and outstanding as of December 31, 2021, and September 30, 2021, respectively |
CommonStockValue
|
$182.00 | USD | Point-in-time |
| Common stock; 100,000,000 shares authorized, $0.00001 par value; 18,204,837 and 17,820,390 shares issued and outstanding as of December 31, 2021, and September 30, 2021, respectively |
CommonStockValue
|
$178.00 | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$64.84M | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$67.68M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-52.82M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-55.63M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$197.82K | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$230.51K | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$12.21M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$12.29M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$14.26M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$13.74M | USD | Point-in-time |
Income Statement
26 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues, net |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$517.99K | USD | 1 Quarter |
| Revenues, net |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$1.02M | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$1.00M | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$516.28K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$1.70K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$15.37K | USD | 1 Quarter |
| Operating expenses |
OperatingExpenses
|
$5.90M | USD | 1 Quarter |
| Operating expenses |
OperatingExpenses
|
$2.85M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-2.84M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-5.90M | USD | 1 Quarter |
| Loss from investment in unconsolidated affiliate |
GainLossOnInvestments
|
$-2.06K | USD | 1 Quarter |
| Loss from investment in unconsolidated affiliate |
GainLossOnInvestments
|
$-1.16K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$42.76K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$12.62K | USD | 1 Quarter |
| Interest income |
InterestIncomeOther
|
$245.00 | USD | 1 Quarter |
| Interest income |
InterestIncomeOther
|
$94.00 | USD | 1 Quarter |
| Other expense |
OtherNonoperatingExpense
|
$569.00 | USD | 1 Quarter |
| Other expense |
OtherNonoperatingExpense
|
$5.82K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.04K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$2.81K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-5.90M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.80M | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.40 | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.16 | USD | 1 Quarter |
| Basic and diluted weighted average number of common stock outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
18.01M | shares | 1 Quarter |
| Basic and diluted weighted average number of common stock outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
14.74M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-5.90M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.80M | USD | 1 Quarter |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$36.71K | USD | 1 Quarter |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$121.82K | USD | 1 Quarter |
| Noncash lease expense |
OperatingLeaseExpense
|
$36.82K | USD | 1 Quarter |
| Noncash lease expense |
OperatingLeaseExpense
|
$70.93K | USD | 1 Quarter |
| Stock option expense |
ShareBasedCompensation
|
$4.51M | USD | 1 Quarter |
| Stock option expense |
ShareBasedCompensation
|
$1.12M | USD | 1 Quarter |
| Sales allowance |
SalesAllowance
|
- | USD | 1 Quarter |
| Sales allowance |
SalesAllowance
|
$2.02K | USD | 1 Quarter |
| Loss from investment in unconsolidated affiliate |
GainLossOnInvestments
|
$-2.06K | USD | 1 Quarter |
| Loss from investment in unconsolidated affiliate |
GainLossOnInvestments
|
$-1.16K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$240.06K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$27.01K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-189.27K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$10.93K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-66.53K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$186.47K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$906.00 | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-231.00 | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$81.51K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-27.01K | USD | 1 Quarter |
| Deferred income |
IncreaseDecreaseInDeferredRevenue
|
$151.40K | USD | 1 Quarter |
| Deferred income |
IncreaseDecreaseInDeferredRevenue
|
$-23.12K | USD | 1 Quarter |
| Lease liability operating lease |
IncreaseDecreaseInLeaseLiabilityOperatingLease
|
$-63.51K | USD | 1 Quarter |
| Lease liability operating lease |
IncreaseDecreaseInLeaseLiabilityOperatingLease
|
$-36.95K | USD | 1 Quarter |
| Accrued expenses and other current liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-169.78K | USD | 1 Quarter |
| Accrued expenses and other current liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-188.08K | USD | 1 Quarter |
| Other non-current liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$1.76K | USD | 1 Quarter |
| Other non-current liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$1.61K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.58M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.70M | USD | 1 Quarter |
| Purchase of equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.01K | USD | 1 Quarter |
| Purchase of equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$58.99K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-58.99K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-3.01K | USD | 1 Quarter |
| Proceeds from exercise of options |
ProceedsFromStockOptionsExercised
|
- | USD | 1 Quarter |
| Proceeds from exercise of options |
ProceedsFromStockOptionsExercised
|
$9.18K | USD | 1 Quarter |
| Repayment of loans |
RepaymentsOfShortTermDebt
|
$8.59K | USD | 1 Quarter |
| Repayment of loans |
RepaymentsOfShortTermDebt
|
$13.97K | USD | 1 Quarter |
| Repayment of finance lease |
RepaymentsOfDebtAndCapitalLeaseObligations
|
$5.15K | USD | 1 Quarter |
| Repayment of finance lease |
RepaymentsOfDebtAndCapitalLeaseObligations
|
$5.84K | USD | 1 Quarter |
| Proceeds from exercise of warrants, net of issuance costs |
ProceedsFromWarrantExercises
|
- | USD | 1 Quarter |
| Proceeds from exercise of warrants, net of issuance costs |
ProceedsFromWarrantExercises
|
$1.72M | USD | 1 Quarter |
| Proceeds from issuance of equity securities, net of issuance costs |
ProceedsFromIssuanceOfCommonStock
|
$2.68M | USD | 1 Quarter |
| Proceeds from issuance of equity securities, net of issuance costs |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$2.68M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.70M | USD | 1 Quarter |
| Effect of foreign exchange on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$1.66K | USD | 1 Quarter |
| Effect of foreign exchange on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$32.69K | USD | 1 Quarter |
| Net change in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$923.01K | USD | 1 Quarter |
| Net change in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$151.15K | USD | 1 Quarter |
| Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$5.32M | USD | Point-in-time |
| Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$4.40M | USD | Point-in-time |
| Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$10.82M | USD | Point-in-time |
| Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$10.97M | USD | Point-in-time |
| Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$5.32M | USD | Point-in-time |
| Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$4.40M | USD | Point-in-time |
| Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$10.82M | USD | Point-in-time |
| Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$10.97M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$2.81K | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$4.04K | USD | 1 Quarter |
| Cash paid for taxes |
IncomeTaxesPaidNet
|
$250.00 | USD | 1 Quarter |
| Cash paid for taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Deferred offering costs accrued |
StockIssued1
|
$213.86K | USD | 1 Quarter |
| Deferred offering costs accrued |
StockIssued1
|
$257.23K | USD | 1 Quarter |
| ROU assets and liabilities added during the period |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
- | USD | 1 Quarter |
| ROU assets and liabilities added during the period |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
$192.40K | USD | 1 Quarter |
Stockholders Equity
19 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance, value |
StockholdersEquity
|
$7.70M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$6.39M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$12.29M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$12.21M | USD | Point-in-time |
| Equity securities issued for cash |
StockIssuedDuringPeriodValueNewIssues
|
$2.68M | USD | 1 Quarter |
| Exercise of warrants |
StockIssuedDuringPeriodValueStockWarrantsExercised
|
$1.72M | USD | 1 Quarter |
| Exercise of warrants, shares |
StockIssuedDuringPeriodStockWarrantsSharesExercised
|
384,447.00 | shares | 1 Quarter |
| Stock option expense |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$1.12M | USD | 1 Quarter |
| Stock option expense |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$4.51M | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$9.18K | USD | 1 Quarter |
| Exercise of stock options, shares |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
- | shares | 1 Quarter |
| Other comprehensive gain |
OtherComprehensiveIncomeLossNetOfTax
|
$32.69K | USD | 1 Quarter |
| Other comprehensive gain |
OtherComprehensiveIncomeLossNetOfTax
|
$1.66K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-5.90M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.80M | USD | 1 Quarter |
| Ending balance, value |
StockholdersEquity
|
$7.70M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$6.39M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$12.29M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$12.21M | USD | Point-in-time |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-5.90M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.80M | USD | 1 Quarter |
| Foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$32.69K | USD | 1 Quarter |
| Foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$1.66K | USD | 1 Quarter |
| Total other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$32.69K | USD | 1 Quarter |
| Total other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$1.66K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-5.89M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-2.77M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.