10-K/A Filing

Karat Packaging Inc. CIK: 1758021 FY 2021

Filing Information

Form Type	10-K/A
Accession Number	`0001628280-22-029151`
Period End Date	20211231
Filing Date	20221109
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	krt-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 110 Income Statement 52 Cash Flow Statement 101 Stockholders Equity 25

Balance Sheet 110 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $1.2 million and $0.1 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`CashAndCashEquivalentsAtCarryingValue`	$448.00K	USD	Point-in-time
Cash and cash equivalents (including $1.2 million and $0.1 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`CashAndCashEquivalentsAtCarryingValue`	$6.48M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0.3 million at both December 31, 2021 and 2020	`AccountsReceivableNetCurrent`	$23.84M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0.3 million at both December 31, 2021 and 2020	`AccountsReceivableNetCurrent`	$32.78M	USD	Point-in-time
Inventories	`InventoryNet`	$58.47M	USD	Point-in-time
Inventories	`InventoryNet`	$48.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$448.00K	USD	Point-in-time
Prepaid expenses and other current assets (including $0.1 million associated with variable interest entity at both December 31, 2021 and 2020)	`PrepaidExpenseAndOtherAssetsCurrent`	$6.53M	USD	Point-in-time
Prepaid expenses and other current assets (including $0.1 million associated with variable interest entity at both December 31, 2021 and 2020)	`PrepaidExpenseAndOtherAssetsCurrent`	$5.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$102.87M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$300.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$300.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$79.78M	USD	Point-in-time
Property and equipment, net (including $46.6 million and $47.8 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`PropertyPlantAndEquipmentNet`	$95.53M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.53M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.14M	USD	Point-in-time
Property and equipment, net (including $46.6 million and $47.8 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`PropertyPlantAndEquipmentNet`	$93.47M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.53M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$2.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$93.47M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$6.88M	USD	Point-in-time
Goodwill	`Goodwill`	$3.51M	USD	Point-in-time
Goodwill	`Goodwill`	$3.11M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$161.00K	USD	Point-in-time
Goodwill	`Goodwill`	$3.11M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$477.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.47M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.07M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$380.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$7.81M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.96M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$64.00K	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$1.22M	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$551.00K	USD	Point-in-time
Other assets (including $0.1 million associated with variable interest entity at both December 31, 2021 and 2020)	`OtherAssetsNoncurrent`	$161.00K	USD	Point-in-time
Other assets (including $0.1 million associated with variable interest entity at both December 31, 2021 and 2020)	`OtherAssetsNoncurrent`	$477.00K	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$1.18M	USD	Point-in-time
Total assets	`Assets`	$207.60M	USD	Point-in-time
Total assets	`Assets`	$181.10M	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$11.36M	USD	Point-in-time
Debt issuance costs, net	`DeferredFinanceCostsNet`	$200.00K	USD	Point-in-time
Debt issuance costs, net	`DeferredFinanceCostsNet`	$102.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$5.05M	USD	Point-in-time
Accounts payable (including $0.1 million and $0.6 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`AccountsPayableCurrent`	$18.47M	USD	Point-in-time
Accounts payable (including $0.1 million and $0.6 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`AccountsPayableCurrent`	$20.07M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.84M	USD	Point-in-time
Accrued expenses (including $0.1 million associated with variable interest entity at both December 31, 2021 and 2020)	`AccruedLiabilitiesCurrent`	$7.81M	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
Accrued expenses (including $0.1 million associated with variable interest entity at both December 31, 2021 and 2020)	`AccruedLiabilitiesCurrent`	$4.96M	USD	Point-in-time
Related party payable	`DueToRelatedPartiesCurrent`	$2.00M	USD	Point-in-time
Related party payable	`DueToRelatedPartiesCurrent`	$5.04M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	15.19M	shares	Point-in-time
Credit cards payable	`CreditCardsPayableCurrent`	$794.00K	USD	Point-in-time
Credit cards payable	`CreditCardsPayableCurrent`	-	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.83M	shares	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$41.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$85.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	15.17M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.80M	shares	Point-in-time
Customer deposits (including $0.1 million and $0.0 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`ContractWithCustomerLiabilityCurrent`	$1.22M	USD	Point-in-time
Customer deposits (including $0.1 million and $0.0 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`ContractWithCustomerLiabilityCurrent`	$551.00K	USD	Point-in-time
Treasury stock, par value (in dollars per share)	`TreasuryStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Treasury stock, par value (in dollars per share)	`TreasuryStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Capital leases, current portion	`FinanceLeaseLiabilityCurrent`	-	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	23,000.00	shares	Point-in-time
Capital leases, current portion	`FinanceLeaseLiabilityCurrent`	$321.00K	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	23,000.00	shares	Point-in-time
Debt, current portion (including $1.2 million and $0.7 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`LongTermDebtCurrent`	$1.18M	USD	Point-in-time
Debt, current portion (including $1.2 million and $0.7 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`LongTermDebtCurrent`	$11.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.76M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$6.18M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$5.63M	USD	Point-in-time
Line of credit	`LongTermLineOfCredit`	$33.17M	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 and $0.1 million at December 31, 2021 and December 31, 2020, respectively (including $35.3 million and $36.7 million associated with variable interest entity at December 31, 2021 and 2020, respectively, and debt discount of $0.2 million and $0.1 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`LongTermDebtExcludingLongTermLineOfCreditNoncurrent`	$53.41M	USD	Point-in-time
Long-term debt, net of current portion and debt discount of $0.2 million and $0.1 million at December 31, 2021 and December 31, 2020, respectively (including $35.3 million and $36.7 million associated with variable interest entity at December 31, 2021 and 2020, respectively, and debt discount of $0.2 million and $0.1 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`LongTermDebtExcludingLongTermLineOfCreditNoncurrent`	$35.34M	USD	Point-in-time
Capital leases, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$290.00K	USD	Point-in-time
Capital leases, net of current portion	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Other liabilities (including $2.6 million and $3.9 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`OtherLiabilitiesNoncurrent`	$5.05M	USD	Point-in-time
Other liabilities (including $2.6 million and $3.9 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	`OtherLiabilitiesNoncurrent`	$3.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$75.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$141.24M	USD	Point-in-time
Commitments and Contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,827,417 and 19,804,417 shares issued and outstanding, respectively, as of December 31, 2021 and 15,190,000 and 15,167,000 shares issued and outstanding, respectively, as of December 31, 2020	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,827,417 and 19,804,417 shares issued and outstanding, respectively, as of December 31, 2021 and 15,190,000 and 15,167,000 shares issued and outstanding, respectively, as of December 31, 2020	`CommonStockValue`	$15.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.98M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$83.69M	USD	Point-in-time
Treasury stock, $0.001 par value, 23,000 shares as of both December 31, 2021 and 2020	`TreasuryStockValue`	$248.00K	USD	Point-in-time
Treasury stock, $0.001 par value, 23,000 shares as of both December 31, 2021 and 2020	`TreasuryStockValue`	$107.00K	USD	Point-in-time
Treasury stock, $0.001 par value, 23,000 shares as of both December 31, 2021 and 2020	`TreasuryStockValue`	$248.00K	USD	Point-in-time
Treasury stock, $0.001 par value, 23,000 shares as of both December 31, 2021 and 2020	`TreasuryStockValue`	$141.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$39.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.66M	USD	Point-in-time
Total Karat Packaging Inc. stockholders equity	`StockholdersEquity`	$122.90M	USD	Point-in-time
Total Karat Packaging Inc. stockholders equity	`StockholdersEquity`	$32.40M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$7.46M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$9.12M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.05M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.87M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.03M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$207.60M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$181.10M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$364.24M	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$295.52M	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$206.39M	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$256.42M	USD	Annual
Gross profit	`GrossProfit`	$107.83M	USD	Annual
Gross profit	`GrossProfit`	$89.12M	USD	Annual
Selling expenses	`SellingExpense`	$22.19M	USD	Annual
Selling expenses	`SellingExpense`	$32.26M	USD	Annual
General and administrative expenses (including $2.5 million and $2.0 million associated with variable interest entity for the years ended December 31, 2021 and 2020, respectively)	`GeneralAndAdministrativeExpense`	$52.42M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$52.42M	USD	Annual
General and administrative expenses (including $2.5 million and $2.0 million associated with variable interest entity for the years ended December 31, 2021 and 2020, respectively)	`GeneralAndAdministrativeExpense`	$39.24M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$39.24M	USD	Annual
Total operating expenses	`OperatingExpenses`	$84.68M	USD	Annual
Total operating expenses	`OperatingExpenses`	$61.43M	USD	Annual
Rental income	`RentalIncomeNonoperating`	$931.00K	USD	Annual
Rental income	`RentalIncomeNonoperating`	$322.00K	USD	Annual
Operating income	`OperatingIncomeLoss`	$27.70M	USD	Annual
Operating income	`OperatingIncomeLoss`	$23.14M	USD	Annual
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-5.49M	USD	Annual
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-1.40M	USD	Annual
Rental income (including $0.9 million and $0.3 million associated with variable interest entity for the years ended December 31, 2021 and 2020, respectively)	`RentalIncomeNonoperating`	$931.00K	USD	Annual
Rental income (including $0.9 million and $0.3 million associated with variable interest entity for the years ended December 31, 2021 and 2020, respectively)	`RentalIncomeNonoperating`	$322.00K	USD	Annual
Other income	`OtherNonoperatingIncome`	$72.00K	USD	Annual
Other income	`OtherNonoperatingIncome`	$259.00K	USD	Annual
Loss on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-688.00K	USD	Annual
Loss on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-412.00K	USD	Annual
Gain on sale of asset	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	Annual
Gain on sale of asset	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$16.00K	USD	Annual
Interest expense, net (including $0.5 million and $2.9 million associated with variable interest entity for the years ended December 31, 2021 and 2020, respectively)	`InterestIncomeExpenseNonoperatingNet`	$-5.49M	USD	Annual
Interest expense, net (including $0.5 million and $2.9 million associated with variable interest entity for the years ended December 31, 2021 and 2020, respectively)	`InterestIncomeExpenseNonoperatingNet`	$-1.40M	USD	Annual
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.00M	USD	Annual
Total other income (expenses)	`NonoperatingIncomeExpense`	$4.38M	USD	Annual
Total other income (expenses)	`NonoperatingIncomeExpense`	$-5.77M	USD	Annual
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.53M	USD	Annual
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.93M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.26M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.09M	USD	Annual
Net income	`ProfitLoss`	$22.44M	USD	Annual
Net income	`ProfitLoss`	$16.67M	USD	Annual
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.66M	USD	Annual
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-849.00K	USD	Annual
Net income attributable to Karat Packaging Inc.	`NetIncomeLoss`	$20.78M	USD	Annual
Net income attributable to Karat Packaging Inc.	`NetIncomeLoss`	$17.52M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.13	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.12	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.13	USD	Annual
Weighted average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.41M	shares	Annual
Weighted average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.18M	shares	Annual
Weighted average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.45M	shares	Annual
Weighted average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.57M	shares	Annual

Cash Flow Statement 101 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$22.44M	USD	Annual
Net income	`ProfitLoss`	$16.67M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.57M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.04M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$149.00K	USD	Annual
Reserve for inventory obsolescence	`InventoryWriteDown`	$68.00K	USD	Annual
Reserve for inventory obsolescence	`InventoryWriteDown`	$321.00K	USD	Annual
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	$16.00K	USD	Annual
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Change in fair value of interest rate swap	`DerivativeGainLossOnDerivativeNet`	$1.51M	USD	Annual
Change in fair value of interest rate swap	`DerivativeGainLossOnDerivativeNet`	$-1.57M	USD	Annual
Amortization of loan fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-18.00K	USD	Annual
Amortization of loan fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-12.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.94M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-483.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.03M	USD	Annual
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.00M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.86M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.94M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$9.43M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$13.83M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.44M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.39M	USD	Annual
Due from affiliated companies	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	-	USD	Annual
Due from affiliated companies	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$840.00K	USD	Annual
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$64.00K	USD	Annual
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$-2.43M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$316.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$72.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.60M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.00M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.12M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.85M	USD	Annual
Related party payable	`IncreaseDecreaseInDueToRelatedParties`	$-3.04M	USD	Annual
Related party payable	`IncreaseDecreaseInDueToRelatedParties`	$-72.00K	USD	Annual
Credit cards payable	`IncreaseDecreaseInCreditCardsPayable`	$-794.00K	USD	Annual
Credit cards payable	`IncreaseDecreaseInCreditCardsPayable`	$-280.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$15.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$44.00K	USD	Annual
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$-125.00K	USD	Annual
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$664.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$300.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$300.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.55M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.68M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.17M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.54M	USD	Annual
Proceeds on disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds on disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$24.00K	USD	Annual
Deposits paid for property and equipment	`PaymentsForDepositsForPropertyPlantAndEquipment`	$6.95M	USD	Annual
Deposits paid for property and equipment	`PaymentsForDepositsForPropertyPlantAndEquipment`	$8.21M	USD	Annual
Effect on initial consolidation of Lollicup Franchising Inc, net of cash acquired	`PaymentsToAcquireLollicupFranchisingIncEffectOnInitialConsolidationNetOfCashAcquired`	-	USD	Annual
Effect on initial consolidation of Lollicup Franchising Inc, net of cash acquired	`PaymentsToAcquireLollicupFranchisingIncEffectOnInitialConsolidationNetOfCashAcquired`	$893.00K	USD	Annual
Acquisition of Pacific Cup, Inc., net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisition of Pacific Cup, Inc., net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$900.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.28M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.35M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$6.49M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$1.47M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$34.64M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$16.00M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$24.54M	USD	Annual
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$39.27M	USD	Annual
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$7.36M	USD	Annual
Proceeds from issuance of common stock in connection with initial public offering, net of issuance costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from issuance of common stock in connection with initial public offering, net of issuance costs	`ProceedsFromIssuanceInitialPublicOffering`	$67.59M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$100.00K	USD	Annual
Dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	$606.00K	USD	Annual
Dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	-	USD	Annual
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$611.00K	USD	Annual
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$300.00K	USD	Point-in-time
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$362.00K	USD	Annual
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$248.00K	USD	Annual
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.45M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.64M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.04M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-354.00K	USD	Annual
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.48M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$802.00K	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$448.00K	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.48M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$802.00K	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$448.00K	USD	Point-in-time
Capital expenditures funded by capital lease borrowings	`CapitalExpendituresIncurredButNotYetPaid`	$23.00K	USD	Annual
Capital expenditures funded by capital lease borrowings	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	Annual
Transfers from deposit to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$15.28M	USD	Annual
Transfers from deposit to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$4.98M	USD	Annual
Acquisition price of Pacific Cup, Inc. included within deposits	`AcquisitionPriceIncludedWithinDeposits`	-	USD	Annual
Acquisition price of Pacific Cup, Inc. included within deposits	`AcquisitionPriceIncludedWithinDeposits`	$100.00K	USD	Annual
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.00M	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	$4.84M	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	$2.50M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$2.90M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$3.89M	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Dividends paid to stockholders (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.04	USD	Annual
Net of issuance costs	`PaymentsOfStockIssuanceCosts`	$5.09M	USD	Annual
Balance at the beginning of period (in shares)	`CommonStockSharesOutstanding`	15.17M	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`	$24.05M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.87M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.03M	USD	Point-in-time
Treasury stock purchases (in shares)	`TreasuryStockSharesAcquired`	10,000.00	shares	Point-in-time
Treasury stock purchases (in shares)	`TreasuryStockSharesAcquired`	13,000.00	shares	Point-in-time
Treasury stock purchases	`TreasuryStockValueAcquiredCostMethod`	$248.00K	USD	Annual
Dividends paid to stockholders	`DividendsCommonStockCash`	$606.00K	USD	Annual
Dividends paid to stockholders	`DividendsCommonStockCash`	-	USD	Annual
Issuance of common stock in connection with our initial public offering, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	4.54M	shares	Point-in-time
Issuance of common stock in connection with our initial public offering, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$67.59M	USD	Annual
Issuance of common stock in connection with our initial public offering, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$67.60M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.03M	USD	Annual
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	10,000.00	shares	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	Annual
Net income (loss)	`ProfitLoss`	$22.44M	USD	Annual
Net income (loss)	`ProfitLoss`	$16.67M	USD	Annual
Balance at the end of period (in shares)	`CommonStockSharesOutstanding`	15.17M	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`	$24.05M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.87M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.03M	USD	Point-in-time

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