10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-22-014093 |
| Period End Date | 20220331 |
| Filing Date | 20220512 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | krt-20220331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
102 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents (including $5.2 million and $1.2 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
CashAndCashEquivalentsAtCarryingValue
|
$6.48M | USD | Point-in-time |
| Cash and cash equivalents (including $5.2 million and $1.2 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
CashAndCashEquivalentsAtCarryingValue
|
$6.82M | USD | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $0.8 million and $0.3 million at March 31, 2022 and December 31, 2021, respectively |
AccountsReceivableNetCurrent
|
$32.78M | USD | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $0.8 million and $0.3 million at March 31, 2022 and December 31, 2021, respectively |
AccountsReceivableNetCurrent
|
$43.34M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$58.47M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$77.34M | USD | Point-in-time |
| Prepaid expenses and other current assets (including $0.2 million and $0.1 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
PrepaidExpenseAndOtherAssetsCurrent
|
$5.14M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.48M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.82M | USD | Point-in-time |
| Prepaid expenses and other current assets (including $0.2 million and $0.1 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
PrepaidExpenseAndOtherAssetsCurrent
|
$6.04M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$102.87M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$133.53M | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$300.00K | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$800.00K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$5.14M | USD | Point-in-time |
| Property and equipment, net (including $46.3 million and $46.6 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
PropertyPlantAndEquipmentNet
|
$93.47M | USD | Point-in-time |
| Property and equipment, net (including $46.3 million and $46.6 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
PropertyPlantAndEquipmentNet
|
$92.14M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$6.04M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$93.47M | USD | Point-in-time |
| Deposits |
DepositsAssetsNoncurrent
|
$6.88M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$92.14M | USD | Point-in-time |
| Deposits |
DepositsAssetsNoncurrent
|
$10.44M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$389.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$477.00K | USD | Point-in-time |
| Goodwill |
Goodwill
|
$3.51M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$3.51M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$24.07M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$380.00K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$18.47M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$373.00K | USD | Point-in-time |
| Other assets (including $0.1 million associated with variable interest entity at both March 31, 2022 and December 31, 2021) |
OtherAssetsNoncurrent
|
$389.00K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$7.81M | USD | Point-in-time |
| Other assets (including $0.1 million associated with variable interest entity at both March 31, 2022 and December 31, 2021) |
OtherAssetsNoncurrent
|
$477.00K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$8.34M | USD | Point-in-time |
| Customer deposits |
ContractWithCustomerLiabilityCurrent
|
$1.45M | USD | Point-in-time |
| Total assets |
Assets
|
$207.60M | USD | Point-in-time |
| Total assets |
Assets
|
$240.38M | USD | Point-in-time |
| Customer deposits |
ContractWithCustomerLiabilityCurrent
|
$1.22M | USD | Point-in-time |
| Long-term debt, current portion |
LongTermDebtCurrent
|
$1.19M | USD | Point-in-time |
| Long-term debt, current portion |
LongTermDebtCurrent
|
$1.18M | USD | Point-in-time |
| Long-term debt, net of current portion |
LongTermDebtNoncurrent
|
$200.00K | USD | Point-in-time |
| Long-term debt, net of current portion |
LongTermDebtNoncurrent
|
$200.00K | USD | Point-in-time |
| Accounts payable (including $0.2 million and $0.1 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
AccountsPayableCurrent
|
$24.07M | USD | Point-in-time |
| Accounts payable (including $0.2 million and $0.1 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
AccountsPayableCurrent
|
$18.47M | USD | Point-in-time |
| Accrued expenses (including $0.2 million and $0.1 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
AccruedLiabilitiesCurrent
|
$7.81M | USD | Point-in-time |
| Accrued expenses (including $0.2 million and $0.1 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
AccruedLiabilitiesCurrent
|
$8.34M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$3.84M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$2.52M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Related party payable |
DueToRelatedPartiesCurrent
|
$2.00M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Related party payable |
DueToRelatedPartiesCurrent
|
$1.26M | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$1.98M | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$85.00K | USD | Point-in-time |
| Customer deposits (including $0.1 million associated with variable interest entity as of both March 31, 2022 and December 31, 2021) |
ContractWithCustomerLiabilityCurrent
|
$1.45M | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
19.83M | shares | Point-in-time |
| Customer deposits (including $0.1 million associated with variable interest entity as of both March 31, 2022 and December 31, 2021) |
ContractWithCustomerLiabilityCurrent
|
$1.22M | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
19.83M | shares | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
19.81M | shares | Point-in-time |
| Debt, current portion (including $1.2 million associated with variable interest entity as of both March 31, 2022 and December 31, 2021) |
LongTermDebtCurrent
|
$1.19M | USD | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
19.80M | shares | Point-in-time |
| Debt, current portion (including $1.2 million associated with variable interest entity as of both March 31, 2022 and December 31, 2021) |
LongTermDebtCurrent
|
$1.18M | USD | Point-in-time |
| Treasury stock, par value (in dollars per share) |
TreasuryStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Other payable |
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
- | USD | Point-in-time |
| Other payable |
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
$1.53M | USD | Point-in-time |
| Treasury stock, par value (in dollars per share) |
TreasuryStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$30.76M | USD | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockShares
|
23,000.00 | shares | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockShares
|
23,000.00 | shares | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$39.83M | USD | Point-in-time |
| Deferred tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$5.63M | USD | Point-in-time |
| Deferred tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$5.63M | USD | Point-in-time |
| Line of credit |
LongTermLineOfCredit
|
$10.20M | USD | Point-in-time |
| Line of credit |
LongTermLineOfCredit
|
- | USD | Point-in-time |
| Long-term debt, net of current portion and debt discount of $0.2 million as of both March 31, 2022 and December 31, 2021 (including $42.0 million and $35.3 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively, and debt discount of $0.2 million associated with variable interest entity as of both March 31, 2022 and December 31, 2021) |
LongTermDebtExcludingLongTermLineOfCreditNoncurrent
|
$41.95M | USD | Point-in-time |
| Long-term debt, net of current portion and debt discount of $0.2 million as of both March 31, 2022 and December 31, 2021 (including $42.0 million and $35.3 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively, and debt discount of $0.2 million associated with variable interest entity as of both March 31, 2022 and December 31, 2021) |
LongTermDebtExcludingLongTermLineOfCreditNoncurrent
|
$35.34M | USD | Point-in-time |
| Other liabilities (including $1.3 million and $2.6 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
OtherLiabilitiesNoncurrent
|
$3.84M | USD | Point-in-time |
| Other liabilities (including $1.3 million and $2.6 million associated with variable interest entity at March 31, 2022 and December 31, 2021, respectively) |
OtherLiabilitiesNoncurrent
|
$2.52M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$75.57M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$100.14M | USD | Point-in-time |
| Commitments and Contingencies (Note 12) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies (Note 12) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $0.001 par value, 100,000,000 shares authorized, 19,832,417 and 19,809,417 shares issued and outstanding, respectively, at March 31, 2022; 19,827,417 and 19,804,417 shares issued and outstanding, respectively, at December 31, 2021 |
CommonStockValue
|
$20.00K | USD | Point-in-time |
| Common stock, $0.001 par value, 100,000,000 shares authorized, 19,832,417 and 19,809,417 shares issued and outstanding, respectively, at March 31, 2022; 19,827,417 and 19,804,417 shares issued and outstanding, respectively, at December 31, 2021 |
CommonStockValue
|
$20.00K | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$84.36M | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$83.69M | USD | Point-in-time |
| Treasury stock, $0.001 par value, 23,000 shares at both March 31, 2022 and December 31, 2021 |
TreasuryStockValue
|
$248.00K | USD | Point-in-time |
| Treasury stock, $0.001 par value, 23,000 shares at both March 31, 2022 and December 31, 2021 |
TreasuryStockValue
|
$248.00K | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$39.43M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$46.10M | USD | Point-in-time |
| Total Karat Packaging Inc. stockholders equity |
StockholdersEquity
|
$130.23M | USD | Point-in-time |
| Total Karat Packaging Inc. stockholders equity |
StockholdersEquity
|
$122.90M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$9.12M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$10.01M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$132.03M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$42.92M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$140.24M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$39.87M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$240.38M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$207.60M | USD | Point-in-time |
Income Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$105.41M | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$75.67M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$71.12M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$54.05M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$34.29M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$21.63M | USD | 1 Quarter |
| Selling expense |
SellingExpense
|
$9.34M | USD | 1 Quarter |
| Selling expense |
SellingExpense
|
$6.40M | USD | 1 Quarter |
| General and administrative expense (including $0.6 million associated with variable interest entity for both the three months ended March 31, 2022 and 2021) |
GeneralAndAdministrativeExpense
|
$15.46M | USD | 1 Quarter |
| General and administrative expense |
GeneralAndAdministrativeExpense
|
$15.46M | USD | 1 Quarter |
| General and administrative expense (including $0.6 million associated with variable interest entity for both the three months ended March 31, 2022 and 2021) |
GeneralAndAdministrativeExpense
|
$11.46M | USD | 1 Quarter |
| General and administrative expense |
GeneralAndAdministrativeExpense
|
$11.46M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$24.80M | USD | 1 Quarter |
| Rental income |
RentalIncomeNonoperating
|
$238.00K | USD | 1 Quarter |
| Rental income |
RentalIncomeNonoperating
|
$246.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$17.86M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$9.49M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$3.77M | USD | 1 Quarter |
| Interest income (expense) |
InterestIncomeExpenseNonoperatingNet
|
$840.00K | USD | 1 Quarter |
| Interest income (expense) |
InterestIncomeExpenseNonoperatingNet
|
$278.00K | USD | 1 Quarter |
| Rental income (including $0.2 million associated with variable interest entity for both the three months ended March 31, 2022 and 2021) |
RentalIncomeNonoperating
|
$238.00K | USD | 1 Quarter |
| Rental income (including $0.2 million associated with variable interest entity for both the three months ended March 31, 2022 and 2021) |
RentalIncomeNonoperating
|
$246.00K | USD | 1 Quarter |
| Other (expense) income |
OtherNonoperatingIncomeExpense
|
$-82.00K | USD | 1 Quarter |
| Other (expense) income |
OtherNonoperatingIncomeExpense
|
$106.00K | USD | 1 Quarter |
| Gain (loss) on foreign currency transactions |
ForeignCurrencyTransactionGainLossBeforeTax
|
$133.00K | USD | 1 Quarter |
| Gain (loss) on foreign currency transactions |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-165.00K | USD | 1 Quarter |
| Interest income, net (including $0.9 million and $0.8 million associated with variable interest entity for the three months ended March 31, 2022 and 2021, respectively) |
InterestIncomeExpenseNonoperatingNet
|
$840.00K | USD | 1 Quarter |
| Interest income, net (including $0.9 million and $0.8 million associated with variable interest entity for the three months ended March 31, 2022 and 2021, respectively) |
InterestIncomeExpenseNonoperatingNet
|
$278.00K | USD | 1 Quarter |
| Total other income |
NonoperatingIncomeExpense
|
$465.00K | USD | 1 Quarter |
| Total other income |
NonoperatingIncomeExpense
|
$1.13M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$4.24M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$10.62M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$1.19M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$2.68M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$7.94M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$3.05M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.28M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.27M | USD | 1 Quarter |
| Net income attributable to Karat Packaging Inc. |
NetIncomeLoss
|
$1.78M | USD | 1 Quarter |
| Net income attributable to Karat Packaging Inc. |
NetIncomeLoss
|
$6.67M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.12 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.34 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.34 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.12 | USD | 1 Quarter |
| Weighted average common shares outstanding, basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
19.81M | shares | 1 Quarter |
| Weighted average common shares outstanding, basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
15.17M | shares | 1 Quarter |
| Weighted average common shares outstanding, diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
19.90M | shares | 1 Quarter |
| Weighted average common shares outstanding, diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
15.40M | shares | 1 Quarter |
Cash Flow Statement
77 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$7.94M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$3.05M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.46M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.58M | USD | 1 Quarter |
| Provision for bad debt |
ProvisionForDoubtfulAccounts
|
- | USD | 1 Quarter |
| Provision for bad debt |
ProvisionForDoubtfulAccounts
|
$500.00K | USD | 1 Quarter |
| Reserve for inventory obsolescence |
InventoryWriteDown
|
$476.00K | USD | 1 Quarter |
| Reserve for inventory obsolescence |
InventoryWriteDown
|
- | USD | 1 Quarter |
| Change in fair value of interest rate swap |
DerivativeGainLossOnDerivativeNet
|
$1.31M | USD | 1 Quarter |
| Change in fair value of interest rate swap |
DerivativeGainLossOnDerivativeNet
|
$1.32M | USD | 1 Quarter |
| Amortization of loan fees |
AmortizationOfDeferredLoanOriginationFeesNet
|
$-3.00K | USD | 1 Quarter |
| Amortization of loan fees |
AmortizationOfDeferredLoanOriginationFeesNet
|
$-9.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$611.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.74M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$11.06M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$19.34M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-3.05M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-3.11M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$895.00K | USD | 1 Quarter |
| Deposits |
IncreaseDecreaseInDepositOtherAssets
|
- | USD | 1 Quarter |
| Deposits |
IncreaseDecreaseInDepositOtherAssets
|
$41.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-2.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-88.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$5.53M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-2.88M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$530.00K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$551.00K | USD | 1 Quarter |
| Related party payable |
IncreaseDecreaseInDueToRelatedParties
|
$-1.62M | USD | 1 Quarter |
| Related party payable |
IncreaseDecreaseInDueToRelatedParties
|
$-743.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-41.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$1.89M | USD | 1 Quarter |
| Customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$233.00K | USD | 1 Quarter |
| Customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$84.00K | USD | 1 Quarter |
| Other payable |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$-160.00K | USD | 1 Quarter |
| Other payable |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$1.53M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-11.43M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$4.50M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$824.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$273.00K | USD | 1 Quarter |
| Deposits paid for property and equipment |
PaymentsForDepositsForPropertyPlantAndEquipment
|
$921.00K | USD | 1 Quarter |
| Deposits paid for property and equipment |
PaymentsForDepositsForPropertyPlantAndEquipment
|
$3.97M | USD | 1 Quarter |
| Acquisition of Pacific Cup, Inc., net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Acquisition of Pacific Cup, Inc., net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$900.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.09M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-4.79M | USD | 1 Quarter |
| Proceeds from line of credit |
ProceedsFromLinesOfCredit
|
$70.00K | USD | 1 Quarter |
| Proceeds from line of credit |
ProceedsFromLinesOfCredit
|
$10.20M | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit
|
- | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit
|
$6.88M | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$267.00K | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$1.89M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromIssuanceInitialPublicOffering
|
$51.00K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromIssuanceInitialPublicOffering
|
- | USD | 1 Quarter |
| Payments on capital lease obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$79.00K | USD | 1 Quarter |
| Payments of noncontrolling interest tax withholding |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
- | USD | 1 Quarter |
| Payments of noncontrolling interest tax withholding |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$310.00K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$16.56M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.90M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$337.00K | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$513.00K | USD | 1 Quarter |
| Beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$448.00K | USD | Point-in-time |
| Beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.82M | USD | Point-in-time |
| Beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.48M | USD | Point-in-time |
| Beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$961.00K | USD | Point-in-time |
| End of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$448.00K | USD | Point-in-time |
| End of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.82M | USD | Point-in-time |
| End of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.48M | USD | Point-in-time |
| End of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$961.00K | USD | Point-in-time |
| Transfers from deposit to property and equipment |
PropertyPlantAndEquipmentTransfersAndChanges
|
$473.00K | USD | 1 Quarter |
| Transfers from deposit to property and equipment |
PropertyPlantAndEquipmentTransfersAndChanges
|
$416.00K | USD | 1 Quarter |
| Acquisition of Pacific Cup, Inc. included within deposits |
AcquisitionPriceIncludedWithinDeposits
|
$100.00K | USD | 1 Quarter |
| Acquisition of Pacific Cup, Inc. included within deposits |
AcquisitionPriceIncludedWithinDeposits
|
- | USD | 1 Quarter |
| Cash paid for income tax |
IncomeTaxesPaid
|
$200.00K | USD | 1 Quarter |
| Cash paid for income tax |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$1.09M | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$440.00K | USD | 1 Quarter |
Stockholders Equity
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance at the beginning of period (in shares) |
CommonStockSharesOutstanding
|
19.81M | shares | Point-in-time |
| Balance at the beginning of period (in shares) |
CommonStockSharesOutstanding
|
19.80M | shares | Point-in-time |
| Balance at the beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$132.03M | USD | Point-in-time |
| Balance at the beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$42.92M | USD | Point-in-time |
| Balance at the beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$140.24M | USD | Point-in-time |
| Balance at the beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$39.87M | USD | Point-in-time |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$611.00K | USD | 1 Quarter |
| Exercise of common stock options (in shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
5,000.00 | shares | 1 Quarter |
| Exercise of common stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$51.00K | USD | 1 Quarter |
| Noncontrolling interest tax withholding |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$387.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$7.94M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$3.05M | USD | 1 Quarter |
| Balance at the end of period (in shares) |
CommonStockSharesOutstanding
|
19.81M | shares | Point-in-time |
| Balance at the end of period (in shares) |
CommonStockSharesOutstanding
|
19.80M | shares | Point-in-time |
| Balance at the end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$132.03M | USD | Point-in-time |
| Balance at the end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$42.92M | USD | Point-in-time |
| Balance at the end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$140.24M | USD | Point-in-time |
| Balance at the end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$39.87M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.