10-Q Filing

MASTERCRAFT BOAT HOLDINGS, INC. CIK: 1638290 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-005466`
Period End Date	20160331
Filing Date	20160506
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	mcft-20160327.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 68 Cash Flow Statement 73 Stockholders Equity 13

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$92.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$142.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.54M	USD	Point-in-time
Accounts receivable net of allowances of $142 and $92, respectively	`AccountsReceivableNetCurrent`	$4.33M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	11.14M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	18.55M	shares	Point-in-time
Accounts receivable net of allowances of $142 and $92, respectively	`AccountsReceivableNetCurrent`	$2.65M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	18.55M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	11.14M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$59.00K	USD	Point-in-time
Inventories net	`InventoryNet`	$11.54M	USD	Point-in-time
Inventories net	`InventoryNet`	$11.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.24M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$9.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$6.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$52.61M	USD	Point-in-time
Property, plant and equipment net	`PropertyPlantAndEquipmentNet`	$13.28M	USD	Point-in-time
Property, plant and equipment net	`PropertyPlantAndEquipmentNet`	$13.23M	USD	Point-in-time
Intangible assets net	`IntangibleAssetsNetExcludingGoodwill`	$16.80M	USD	Point-in-time
Intangible assets net	`IntangibleAssetsNetExcludingGoodwill`	$16.97M	USD	Point-in-time
Goodwill	`Goodwill`	$29.59M	USD	Point-in-time
Goodwill	`Goodwill`	$29.59M	USD	Point-in-time
Deferred debt issuance costs - net	`DeferredFinanceCostsNoncurrentNet`	$425.00K	USD	Point-in-time
Deferred debt issuance costs - net	`DeferredFinanceCostsNoncurrentNet`	$326.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$182.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$125.00K	USD	Point-in-time
Total assets	`Assets`	$89.68M	USD	Point-in-time
Total assets	`Assets`	$112.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.13M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$999.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$224.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherLiabilitiesCurrent`	$21.31M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherLiabilitiesCurrent`	$23.15M	USD	Point-in-time
Common stock warrant liability	`WarrantsAndRightsOutstanding`	$217.00K	USD	Point-in-time
Common stock warrant liability	`WarrantsAndRightsOutstanding`	$9.15M	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$18.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$63.77M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$60.49M	USD	Point-in-time
Unrecognized tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$2.26M	USD	Point-in-time
Unrecognized tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$519.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$131.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$46.17M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.01 par value per share authorized, 100,000,000 shares; issued and outstanding, 18,546,346 shares at March 27, 2016 and 11,139,000 shares at June 30, 2015	`CommonStockValue`	$111.00K	USD	Point-in-time
Common stock, $.01 par value per share authorized, 100,000,000 shares; issued and outstanding, 18,546,346 shares at March 27, 2016 and 11,139,000 shares at June 30, 2015	`CommonStockValue`	$176.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$112.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.20M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-42.25M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$66.63M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$89.68M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$112.80M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$54.28M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$159.53M	USD	3 Qtrs
NET SALES	`SalesRevenueNet`	$168.21M	USD	3 Qtrs
NET SALES	`SalesRevenueNet`	$57.03M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$121.17M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$41.40M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$121.17M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$41.19M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$12.89M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$38.36M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$15.84M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$47.05M	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$2.27M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$6.39M	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$2.21M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$7.57M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$25.00M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$14.68M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.06M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.48M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$166.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$54.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$166.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$55.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$32.73M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$8.33M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.24M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$17.13M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$7.51M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$14.31M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$1.09M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.09M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.75M	USD	1 Quarter
Interest expense	`InterestExpense`	$82.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.15M	USD	3 Qtrs
Change in common stock warrant fair value	`FairValueAdjustmentOfWarrants`	$3.37M	USD	3 Qtrs
Change in common stock warrant fair value	`FairValueAdjustmentOfWarrants`	$5.25M	USD	3 Qtrs
Change in common stock warrant fair value	`FairValueAdjustmentOfWarrants`	$-517.00K	USD	1 Quarter
Change in common stock warrant fair value	`FairValueAdjustmentOfWarrants`	$-27.00K	USD	1 Quarter
INCOME BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.73M	USD	3 Qtrs
INCOME BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.46M	USD	1 Quarter
INCOME BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.85M	USD	3 Qtrs
INCOME BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-147.00K	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-252.00K	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$4.73M	USD	3 Qtrs
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$2.56M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$4.41M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$4.89M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$105.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$5.44M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$3.00M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.27	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.61M	shares	3 Qtrs
Basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.14M	shares	3 Qtrs
Basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.14M	shares	1 Quarter
Basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.57M	shares	1 Quarter
Diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.78M	shares	1 Quarter
Diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.00M	shares	1 Quarter
Diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.71M	shares	3 Qtrs
Diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.14M	shares	3 Qtrs

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.00M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.89M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.44M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$105.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$767.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$878.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.30M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.54M	USD	3 Qtrs
Inventory obsolescence reserve	`InventoryWriteDown`	$956.00K	USD	3 Qtrs
Inventory obsolescence reserve	`InventoryWriteDown`	$301.00K	USD	3 Qtrs
Paid in kind interest	`PaidInKindInterest`	$1.03M	USD	3 Qtrs
Debt discount accretion	`AmortizationOfDebtDiscountPremium`	$72.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$34.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$60.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$13.54M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-716.00K	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-851.00K	USD	3 Qtrs
Change in common stock warrant fair value	`FairValueAdjustmentOfWarrants`	$3.37M	USD	3 Qtrs
Change in common stock warrant fair value	`FairValueAdjustmentOfWarrants`	$5.25M	USD	3 Qtrs
Change in common stock warrant fair value	`FairValueAdjustmentOfWarrants`	$-517.00K	USD	1 Quarter
Change in common stock warrant fair value	`FairValueAdjustmentOfWarrants`	$-27.00K	USD	1 Quarter
Unrecognized tax benefits	`UnrecognizedTaxExpenseBenefit`	$-153.00K	USD	3 Qtrs
Unrecognized tax benefits	`UnrecognizedTaxExpenseBenefit`	$1.74M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$4.62M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-3.62M	USD	3 Qtrs
Net provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-317.00K	USD	3 Qtrs
Net provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$50.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.72M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.85M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.25M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$611.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.66M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$132.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.09M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.67M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$716.00K	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-169.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilitiesCurrent`	$1.84M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilitiesCurrent`	$11.16M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$22.57M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.96M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.63M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.43M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.63M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.43M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceInitialPublicOffering`	$91.07M	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	$75.00M	USD	3 Qtrs
Payment of costs directly associated with the issuance of common stock	`PaymentsOfStockIssuanceCosts`	$7.20M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfSecuredDebt`	$71.25M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfSecuredDebt`	$67.01M	USD	3 Qtrs
Proceeds from revolving loan	`ProceedsFromLongTermLinesOfCredit`	$20.00M	USD	3 Qtrs
Payments on revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	$8.19M	USD	3 Qtrs
Payments on revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	$10.00M	USD	3 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.17M	USD	3 Qtrs
Debt discount	`PaymentsForDebtDiscount`	$1.12M	USD	3 Qtrs
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$453.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$44.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$264.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-27.59M	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.40M	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.26M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$21.57M	USD	Point-in-time
CASH AND CASH EQUIVALENTS BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
CASH AND CASH EQUIVALENTS BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.54M	USD	Point-in-time
CASH AND CASH EQUIVALENTS END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$21.57M	USD	Point-in-time
CASH AND CASH EQUIVALENTS END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
CASH AND CASH EQUIVALENTS END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.54M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$1.66M	USD	3 Qtrs
Cash payments for interest	`InterestPaid`	$360.00K	USD	3 Qtrs
Cash payments for income taxes	`IncomeTaxesPaidNet`	$534.00K	USD	3 Qtrs
Cash payments for income taxes	`IncomeTaxesPaidNet`	$5.52M	USD	3 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Underwriter discounts, commission and offering expenses	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$9.31M	USD	3 Qtrs
Balance, beginning	`StockholdersEquity`	$-42.25M	USD	Point-in-time
Balance, beginning	`StockholdersEquity`	$66.63M	USD	Point-in-time
Sale of common stock in IPO, net of $9,309 in underwriter discounts, commissions and offering expenses	`StockIssuedDuringPeriodValueNewIssues`	$81.76M	USD	3 Qtrs
Issuance of shares in exchange of common stock warrants	`StockIssuedDuringPeriodValueWarrantsExchangedAndStockOptionsExercised`	$12.30M	USD	3 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$4.17M	USD	3 Qtrs
Equity-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$13.54M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.00M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.89M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.44M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$105.00K	USD	1 Quarter
Balance, ending	`StockholdersEquity`	$-42.25M	USD	Point-in-time
Balance, ending	`StockholdersEquity`	$66.63M	USD	Point-in-time

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