10-K Filing

AKOUSTIS TECHNOLOGIES, INC. CIK: 1584754 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001213900-20-023254`
Period End Date	20200630
Filing Date	20200821
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	akts-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 30 Cash Flow Statement 86 Stockholders Equity 27

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.31M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.05M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$285.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$351.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$94.00K	USD	Point-in-time
Inventory	`InventoryNet`	$136.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.29M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.41M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	30.14M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	37.99M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$31.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.20M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	30.14M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$15.18M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	37.99M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$23.61M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$544.00K	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$388.00K	USD	Point-in-time
Assets held for sale, net	`AvailableForSaleSecuritiesNoncurrent`	$21.00K	USD	Point-in-time
Assets held for sale, net	`AvailableForSaleSecuritiesNoncurrent`	$300.00K	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$699.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$100.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$100.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$261.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$262.00K	USD	Point-in-time
Total Assets	`Assets`	$71.43M	USD	Point-in-time
Total Assets	`Assets`	$47.95M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.21M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.90M	USD	Point-in-time
Contingent real estate liability	`ContingentRealEstateLiability`	-	USD	Point-in-time
Contingent real estate liability	`ContingentRealEstateLiability`	$446.00K	USD	Point-in-time
Operating lease liability-current	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liability-current	`OperatingLeaseLiabilityCurrent`	$231.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.66M	USD	Point-in-time
Convertible notes payable, net	`ConvertibleDebtNoncurrent`	$21.63M	USD	Point-in-time
Convertible notes payable, net	`ConvertibleDebtNoncurrent`	$18.21M	USD	Point-in-time
Operating lease liability-non current	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liability-non current	`OperatingLeaseLiabilityNoncurrent`	$472.00K	USD	Point-in-time
Loans payable	`LongTermLoansPayable`	-	USD	Point-in-time
Loans payable	`LongTermLoansPayable`	$1.59M	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$117.00K	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$117.00K	USD	Point-in-time
Total long-term liabilities	`DerivativeLiabilitiesNoncurrent`	$18.33M	USD	Point-in-time
Total long-term liabilities	`DerivativeLiabilitiesNoncurrent`	$23.81M	USD	Point-in-time
Total Liabilities	`Liabilities`	$21.99M	USD	Point-in-time
Total Liabilities	`Liabilities`	$29.94M	USD	Point-in-time
Preferred Stock, par value $0.001: 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $0.001: 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 37,990,380 and 30,140,955 shares issued and outstanding at June 30, 2020 and June 30, 2019, respectively	`CommonStockValue`	$30.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 37,990,380 and 30,140,955 shares issued and outstanding at June 30, 2020 and June 30, 2019, respectively	`CommonStockValue`	$38.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$145.07M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$93.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-67.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-103.61M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$13.85M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$41.49M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$25.95M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$71.43M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$47.95M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.44M	USD	Annual
Revenue	`Revenues`	$1.79M	USD	Annual
Cost of revenue	`CostOfRevenue`	$1.01M	USD	Annual
Cost of revenue	`CostOfRevenue`	$2.41M	USD	Annual
Gross profit	`GrossProfit`	$-624.00K	USD	Annual
Gross profit	`GrossProfit`	$430.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$19.07M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$20.52M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$10.89M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.92M	USD	Annual
Total operating expenses	`OperatingExpenses`	$28.00M	USD	Annual
Total operating expenses	`OperatingExpenses`	$31.41M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-32.04M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-27.57M	USD	Annual
Interest (expense) income	`InterestIncomeExpenseNet`	$-2.89M	USD	Annual
Interest (expense) income	`InterestIncomeExpenseNet`	$-4.57M	USD	Annual
Rental income	`RentalIncomeNonoperating`	$270.00K	USD	Annual
Rental income	`RentalIncomeNonoperating`	$181.00K	USD	Annual
Change in fair value of contingent real estate liability	`LossContingentConsiderationClassifiedAsEquityFairValue`	$445.00K	USD	Annual
Change in fair value of contingent real estate liability	`LossContingentConsiderationClassifiedAsEquityFairValue`	$785.00K	USD	Annual
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$150.00K	USD	Annual
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-155.00K	USD	Annual
Total Other (expense) income	`NonoperatingIncomeExpense`	$-4.10M	USD	Annual
Total Other (expense) income	`NonoperatingIncomeExpense`	$-1.68M	USD	Annual
Net loss	`NetIncomeLoss`	$-36.14M	USD	Annual
Net loss	`NetIncomeLoss`	$-29.25M	USD	Annual
Net loss per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.06	USD	Annual
Net loss per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.07	USD	Annual
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.51M	shares	Annual
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.70M	shares	Annual

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-36.14M	USD	Annual
Net loss	`NetIncomeLoss`	$-29.25M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.08M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.50M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$6.73M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$7.24M	USD	Annual
Non-cash interest payments	`NoncashInterestPayments`	$975.00K	USD	Annual
Non-cash interest payments	`NoncashInterestPayments`	$1.02M	USD	Annual
(Gain)/Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-14.00K	USD	Annual
(Gain)/Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$50.00K	USD	Annual
Impairment on assets held for sale	`ImpairmentOnAssetsHeldForSale`	-	USD	Annual
Impairment on assets held for sale	`ImpairmentOnAssetsHeldForSale`	-	USD	Annual
Change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$150.00K	USD	Annual
Change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-155.00K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.98M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$3.26M	USD	Annual
Amortization of operating lease right of use asset	`OperatingLeaseRightOfUseAssetAmortization`	-	USD	Annual
Amortization of operating lease right of use asset	`OperatingLeaseRightOfUseAssetAmortization`	$108.00K	USD	Annual
Change in fair value of contingent real estate liability	`LossContingentConsiderationClassifiedAsEquityFairValueDisclosure`	$785.00K	USD	Annual
Change in fair value of contingent real estate liability	`LossContingentConsiderationClassifiedAsEquityFairValueDisclosure`	$446.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$66.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$70.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$36.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$42.00K	USD	Annual
Other current asset	`IncreaseDecreaseInOtherCurrentAssets`	$462.00K	USD	Annual
Other current asset	`IncreaseDecreaseInOtherCurrentAssets`	$120.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAsset`	-	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAsset`	$250.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$710.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.29M	USD	Annual
Long-term lease liabilities	`IncreaseDecreaseInChangeInOtherLongTermLiabilities`	$103.00K	USD	Annual
Long-term lease liabilities	`IncreaseDecreaseInChangeInOtherLongTermLiabilities`	-	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-65.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-5.00K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.30M	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.67M	USD	Annual
Cash paid for machinery and equipment	`PaymentsToAcquireMachineryAndEquipment`	$9.75M	USD	Annual
Cash paid for machinery and equipment	`PaymentsToAcquireMachineryAndEquipment`	$4.75M	USD	Annual
Cash received from assets held for sale	`ProceedsFromSaleOfPropertyHeldForSale`	$33.00K	USD	Annual
Cash received from assets held for sale	`ProceedsFromSaleOfPropertyHeldForSale`	$60.00K	USD	Annual
Cash paid for intangibles	`PaymentsToAcquireIntangibleAssets`	$201.00K	USD	Annual
Cash paid for intangibles	`PaymentsToAcquireIntangibleAssets`	$174.00K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.89M	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.89M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$43.15M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$28.66M	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$70.00K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$139.00K	USD	Annual
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$200.00K	USD	Annual
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$203.00K	USD	Annual
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$99.00K	USD	Annual
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$367.00K	USD	Annual
Proceeds received from notes, net	`ProceedsFromDebtNetOfIssuanceCosts`	$1.59M	USD	Annual
Proceeds received from notes, net	`ProceedsFromDebtNetOfIssuanceCosts`	-	USD	Annual
Proceeds received from convertible notes, net	`ProceedsFromConvertibleDebt`	$8.87M	USD	Annual
Proceeds received from convertible notes, net	`ProceedsFromConvertibleDebt`	-	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$45.45M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$37.90M	USD	Annual
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$14.25M	USD	Annual
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$15.34M	USD	Annual
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.15M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.41M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.82M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.15M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.41M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.82M	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Interest	`InterestPaidNet`	$443.00K	USD	Annual
Interest	`InterestPaidNet`	$650.00K	USD	Annual
Stock compensation payable	`StockCompensationPayable`	$93.00K	USD	Annual
Stock compensation payable	`StockCompensationPayable`	$303.00K	USD	Annual
ASC 606 transition adjustment	`ASC606TransitionAdjustment`	$20.00K	USD	Annual
ASC 606 transition adjustment	`ASC606TransitionAdjustment`	-	USD	Annual
Reclassification of fixed assets to assets held for sale, net	`ReclassificationOfFixedAssetsToAssetsHeldForSaleNet`	$49.00K	USD	Annual
Reclassification of fixed assets to assets held for sale, net	`ReclassificationOfFixedAssetsToAssetsHeldForSaleNet`	$33.00K	USD	Annual
Vesting of restricted shares	`VestingOfRestrictedShares`	$648.00K	USD	Annual
Vesting of restricted shares	`VestingOfRestrictedShares`	-	USD	Annual
Common stock issued in payment of note interest	`CommonStockIssuedInPaymentOfNoteInterest`	$975.00K	USD	Annual
Common stock issued in payment of note interest	`CommonStockIssuedInPaymentOfNoteInterest`	$1.02M	USD	Annual
Asset purchase using common stock	`AssetPurchaseUsingCommonStock`	$40.00K	USD	Annual
Asset purchase using common stock	`AssetPurchaseUsingCommonStock`	-	USD	Annual
Debt issuance costs included in accounts payable and accrued expenses	`DebtIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses`	$-30.00K	USD	Annual
Debt issuance costs included in accounts payable and accrued expenses	`DebtIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses`	$230.00K	USD	Annual
Intrinsic value of beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	Annual
Intrinsic value of beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$3.95M	USD	Annual

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$13.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$41.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$25.95M	USD	Point-in-time
Cumulative-effect adjustment from adoption of ASC 606	`CumulativeEffectOnRetainedEarningsNetOfTax2`	$20.00K	USD	Annual
Common stock issued for cash, net of issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$42.92M	USD	Annual
Common stock issued for cash, net of issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$28.66M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$6.73M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$6.68M	USD	Annual
Common stock issued for exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$200.00K	USD	Annual
Common stock issued for exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$203.00K	USD	Annual
Common stock issued for exercise of warrants	`CommonStockWarrantsExercisedAndCommonSharesIssuedForCash`	$139.00K	USD	Annual
Common stock issued for exercise of warrants	`CommonStockWarrantsExercisedAndCommonSharesIssuedForCash`	$70.00K	USD	Annual
Common stock issued for equipment purchase	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$40.00K	USD	Annual
ESPP purchase	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$99.00K	USD	Annual
ESPP purchase	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$367.00K	USD	Annual
Intrinsic value of beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$3.95M	USD	Annual
Vesting of restricted shares	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$648.00K	USD	Annual
Vesting of restricted shares	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$303.00K	USD	Annual
Common stock issued in payment of note interest	`CommonStockIssuedInPaymentOfNoteInterest`	$975.00K	USD	Annual
Common stock issued in payment of note interest	`CommonStockIssuedInPaymentOfNoteInterest`	$1.02M	USD	Annual
Repurchase and retirement of common shares	`StockRepurchasedDuringPeriodValue`	-	USD	Annual
Repurchase and retirement of common shares	`StockRepurchasedDuringPeriodValue`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-36.14M	USD	Annual
Net loss	`NetIncomeLoss`	$-29.25M	USD	Annual
Balance	`StockholdersEquity`	$13.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$41.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$25.95M	USD	Point-in-time

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