10-Q Filing

FAT BRANDS, INC CIK: 1705012 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-011137`
Period End Date	20210331
Filing Date	20210512
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	fat-20210328.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 40 Cash Flow Statement 84 Stockholders Equity 17

Balance Sheet 104 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$762.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$739.00K	USD	Point-in-time
Notes receivable, allowance	`AllowanceForNotesAndLoansReceivableCurrent`	$103.00K	USD	Point-in-time
Notes receivable, allowance	`AllowanceForNotesAndLoansReceivableCurrent`	$103.00K	USD	Point-in-time
Notes receivable - noncurrent, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$271.00K	USD	Point-in-time
Notes receivable - noncurrent, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$271.00K	USD	Point-in-time
Cash	`Cash`	$1.16M	USD	Point-in-time
Cash	`Cash`	$3.94M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$3.35M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.87M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $762 and $739, as of March 28, 2021 and December 27, 2020, respectively	`AccountsReceivableNetCurrent`	$4.47M	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
Accounts receivable, net of allowance for doubtful accounts of $762 and $739, as of March 28, 2021 and December 27, 2020, respectively	`AccountsReceivableNetCurrent`	$4.21M	USD	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $103 as of March 28, 2021 and December 27, 2020	`NotesAndLoansReceivableNetCurrent`	$208.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.18M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.18M	shares	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $103 as of March 28, 2021 and December 27, 2020	`NotesAndLoansReceivableNetCurrent`	$210.00K	USD	Point-in-time
Assets classified as held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$10.57M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.18M	shares	Point-in-time
Assets classified as held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$10.83M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.18M	shares	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.37M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.73M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.42M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Noncurrent restricted cash	`RestrictedCashNoncurrent`	$400.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Noncurrent restricted cash	`RestrictedCashNoncurrent`	$400.00K	USD	Point-in-time
Notes receivable - noncurrent, net of allowance for doubtful accounts of $271, as of March 28, 2021 and December 27, 2020	`NotesReceivableNoncurrentNetOfAllowanceForDoubtfulAccounts`	$1.64M	USD	Point-in-time
Notes receivable - noncurrent, net of allowance for doubtful accounts of $271, as of March 28, 2021 and December 27, 2020	`NotesReceivableNoncurrentNetOfAllowanceForDoubtfulAccounts`	$1.62M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.93M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.03M	shares	Point-in-time
Deferred income tax asset, net	`DeferredIncomeTaxAssetsNet`	$31.55M	USD	Point-in-time
Deferred income tax asset, net	`DeferredIncomeTaxAssetsNet`	$30.55M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.03M	shares	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$4.47M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$4.12M	USD	Point-in-time
Goodwill	`Goodwill`	$9.71M	USD	Point-in-time
Goodwill	`Goodwill`	$10.91M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$47.33M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$47.71M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.61M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.06M	USD	Point-in-time
Total assets	`Assets`	$121.14M	USD	Point-in-time
Total assets	`Assets`	$118.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.68M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$19.83M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$19.91M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$1.89M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$1.78M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$2.16M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$1.98M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$1.85M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$1.88M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnRedeemablePreferredShares`	$893.00K	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnRedeemablePreferredShares`	$1.14M	USD	Point-in-time
Liabilities related to assets classified as held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$9.89M	USD	Point-in-time
Liabilities related to assets classified as held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$9.66M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$777.00K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$748.00K	USD	Point-in-time
Current portion of preferred shares, net	`CurrentPortionOfPreferredSharesNet`	$7.96M	USD	Point-in-time
Current portion of preferred shares, net	`CurrentPortionOfPreferredSharesNet`	$7.97M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$22.10M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$19.31M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$17.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$17.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$75.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$73.18M	USD	Point-in-time
Deferred income - noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$9.54M	USD	Point-in-time
Deferred income - noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$9.10M	USD	Point-in-time
Acquisition purchase price payable	`AcquisitionPurchasePricePayable`	$2.83M	USD	Point-in-time
Acquisition purchase price payable	`AcquisitionPurchasePricePayable`	$2.81M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$3.86M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$4.01M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$73.85M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$71.46M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$82.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$76.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$163.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$163.67M	USD	Point-in-time
Commitments and contingencies (Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.0001 par value; 5,000,000 shares authorized; 1,183,272 shares issued and outstanding at March 28, 2021 and December 27, 2020; liquidation preference $25 per share	`PreferredStockValue`	$21.79M	USD	Point-in-time
Preferred stock, $.0001 par value; 5,000,000 shares authorized; 1,183,272 shares issued and outstanding at March 28, 2021 and December 27, 2020; liquidation preference $25 per share	`PreferredStockValue`	$21.27M	USD	Point-in-time
Common stock, $.0001 par value; 25,000,000 shares authorized; 12,029,264 and 11,926,264 shares issued and outstanding at March 28, 2021 and December 27, 2020, respectively	`CommonStocksValue`	$-42.77M	USD	Point-in-time
Common stock, $.0001 par value; 25,000,000 shares authorized; 12,029,264 and 11,926,264 shares issued and outstanding at March 28, 2021 and December 27, 2020, respectively	`CommonStocksValue`	$-43.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.33M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-41.88M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$5.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$3.01M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-45.58M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$121.14M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$118.09M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestIncomeOther`	$718.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Royalties	`RoyaltiesRevenue`	$4.90M	USD	1 Quarter
Royalties	`RoyaltiesRevenue`	$3.31M	USD	1 Quarter
Franchise fees	`FranchiseFees`	$540.00K	USD	1 Quarter
Franchise fees	`FranchiseFees`	$175.00K	USD	1 Quarter
Advertising fees	`AdvertisingRevenues`	$1.19M	USD	1 Quarter
Advertising fees	`AdvertisingRevenues`	$931.00K	USD	1 Quarter
Other operating income	`OtherIncome`	$8.00K	USD	1 Quarter
Other operating income	`OtherIncome`	$23.00K	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.42M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.65M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$4.93M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.53M	USD	1 Quarter
Refranchising loss	`RefranchisingLoss`	$427.00K	USD	1 Quarter
Refranchising loss	`RefranchisingLoss`	$539.00K	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$1.19M	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$931.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$6.54M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.00M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$104.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-578.00K	USD	1 Quarter
Interest expense, net of interest income of $0 and $718 due from affiliates during the thirteen weeks ended March 28, 2021 and March 29, 2020, respectively	`InterestExpenseOther`	$2.46M	USD	1 Quarter
Interest expense, net of interest income of $0 and $718 due from affiliates during the thirteen weeks ended March 28, 2021 and March 29, 2020, respectively	`InterestExpenseOther`	$1.62M	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseTrustPreferredSecurities`	$452.00K	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseTrustPreferredSecurities`	$288.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$83.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-2.09M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-2.67M	USD	1 Quarter
Loss before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.56M	USD	1 Quarter
Loss before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.67M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-129.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-298.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.43M	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.87M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.97M	shares	1 Quarter

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.43M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-995.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-318.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$398.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$232.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$15.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$37.00K	USD	1 Quarter
Change in operating right of use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$605.00K	USD	1 Quarter
Change in operating right of use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$183.00K	USD	1 Quarter
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$241.00K	USD	1 Quarter
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$364.00K	USD	1 Quarter
Accretion of preferred shares	`AccretionOfPreferredShares1`	$10.00K	USD	1 Quarter
Accretion of preferred shares	`AccretionOfPreferredShares1`	$7.00K	USD	1 Quarter
Accretion of purchase price liability	`AccretionOfPurchasePriceLiability`	$130.00K	USD	1 Quarter
Accretion of purchase price liability	`AccretionOfPurchasePriceLiability`	$24.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$162.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-44.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$258.00K	USD	1 Quarter
Accrued interest receivable from affiliate	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	1 Quarter
Accrued interest receivable from affiliate	`IncreaseDecreaseInAccruedInterestReceivableNet`	$718.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$33.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-397.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$332.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$339.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-71.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$59.00K	USD	1 Quarter
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$-599.00K	USD	1 Quarter
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$83.00K	USD	1 Quarter
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$-8.00K	USD	1 Quarter
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$-187.00K	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-973.00K	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$47.00K	USD	1 Quarter
Dividend payable on preferred shares	`IncreaseDecreaseDividendPayableOnPreferredShares`	$444.00K	USD	1 Quarter
Dividend payable on preferred shares	`IncreaseDecreaseDividendPayableOnPreferredShares`	$278.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherCurrentAssets`	$78.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherCurrentAssets`	$8.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.00M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.19M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.25M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.37M	USD	1 Quarter
Change in due from affiliates	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	1 Quarter
Change in due from affiliates	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$5.09M	USD	1 Quarter
Payments received on loans receivable	`ProceedsFromSaleOfLoansReceivable`	-	USD	1 Quarter
Payments received on loans receivable	`ProceedsFromSaleOfLoansReceivable`	$46.00K	USD	1 Quarter
Proceeds from sale of refranchised restaurants	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	-	USD	1 Quarter
Proceeds from sale of refranchised restaurants	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$1.65M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$573.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-573.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.41M	USD	1 Quarter
Proceeds from borrowings and associated warrants, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	-	USD	1 Quarter
Proceeds from borrowings and associated warrants, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$37.27M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$24.15M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfShortTermDebt`	-	USD	1 Quarter
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$149.00K	USD	1 Quarter
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$353.00K	USD	1 Quarter
Payments made on acquisition purchase price liability	`PaymentsOfMergerRelatedCostsFinancingActivities`	-	USD	1 Quarter
Payments made on acquisition purchase price liability	`PaymentsOfMergerRelatedCostsFinancingActivities`	$500.00K	USD	1 Quarter
Exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Exercise of warrants	`ProceedsFromWarrantExercises`	$515.00K	USD	1 Quarter
Dividends paid in cash	`PaymentsOfDividends`	$639.00K	USD	1 Quarter
Dividends paid in cash	`PaymentsOfDividends`	-	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.47M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-477.00K	USD	1 Quarter
Net (decrease) increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.69M	USD	1 Quarter
Net (decrease) increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.30M	USD	1 Quarter
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$25.00K	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.21M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.92M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.71M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$25.00K	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.21M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.92M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.71M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.57M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.97M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$13.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$211.00K	USD	1 Quarter
Director fees converted to common stock	`DirectorFeesConvertedToCommonStock`	$75.00K	USD	1 Quarter
Director fees converted to common stock	`DirectorFeesConvertedToCommonStock`	-	USD	1 Quarter
Income taxes (receivable) payable included in amounts due from affiliates	`IncomeTaxesReceivablePayableIncludedInAmountsDueFromAffiliates`	-	USD	1 Quarter
Income taxes (receivable) payable included in amounts due from affiliates	`IncomeTaxesReceivablePayableIncludedInAmountsDueFromAffiliates`	$-121.00K	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance, Beginning	`StockholdersEquity`	$-41.88M	USD	Point-in-time
Balance, Beginning	`StockholdersEquity`	$5.38M	USD	Point-in-time
Balance, Beginning	`StockholdersEquity`	$3.01M	USD	Point-in-time
Balance, Beginning	`StockholdersEquity`	$-45.58M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-2.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.43M	USD	1 Quarter
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$515.00K	USD	1 Quarter
Issuance of common stock in lieu of cash directors fees payable	`StockIssuedDuringPeriodValueOther`	$75.00K	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$37.00K	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$15.00K	USD	1 Quarter
Correction of recorded conversion rights associated with Series A-1 preferred shares	`CorrectionOfRecordedConversionRightsAssociatedWithSeriesA1PreferredShares`	$-90.00K	USD	1 Quarter
Measurement period adjustment in accordance with ASU 2015-16	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.20M	USD	1 Quarter
Dividends declared on Series B preferred stock	`DividendsPreferredStockStock`	$610.00K	USD	1 Quarter
Balance, Ending	`StockholdersEquity`	$-41.88M	USD	Point-in-time
Balance, Ending	`StockholdersEquity`	$5.38M	USD	Point-in-time
Balance, Ending	`StockholdersEquity`	$3.01M	USD	Point-in-time
Balance, Ending	`StockholdersEquity`	$-45.58M	USD	Point-in-time

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