10-Q Filing

MONTROSE ENVIRONMENTAL GROUP, INC. CIK: 1643615 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-027061`
Period End Date	20210331
Filing Date	20210512
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	meg-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 36 Cash Flow Statement 72 Stockholders Equity 18

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsAndShortTermInvestments`	$10.64M	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsAndShortTermInvestments`	$34.88M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$54.10M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$65.77M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Contract assets	`UnbilledReceivablesCurrent`	$61.64M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.44M	shares	Point-in-time
Contract assets	`UnbilledReceivablesCurrent`	$38.58M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.93M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.83M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.44M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.71M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.93M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$134.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$146.88M	USD	Point-in-time
Property and equipmentnet	`PropertyPlantAndEquipmentNet`	$34.94M	USD	Point-in-time
Property and equipmentnet	`PropertyPlantAndEquipmentNet`	$34.40M	USD	Point-in-time
Goodwill	`Goodwill`	$274.67M	USD	Point-in-time
Goodwill	`Goodwill`	$282.20M	USD	Point-in-time
Other intangible assetsnet	`FiniteLivedIntangibleAssetsNet`	$157.31M	USD	Point-in-time
Other intangible assetsnet	`FiniteLivedIntangibleAssetsNet`	$154.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.54M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$602.73M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$625.23M	USD	Point-in-time
Accounts payable and other accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$52.43M	USD	Point-in-time
Accounts payable and other accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$34.88M	USD	Point-in-time
Accrued payroll and benefits	`AccruedEmployeeBenefitsCurrent`	$22.56M	USD	Point-in-time
Accrued payroll and benefits	`AccruedEmployeeBenefitsCurrent`	$21.18M	USD	Point-in-time
Business acquisitions contingent consideration, current	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$50.36M	USD	Point-in-time
Business acquisitions contingent consideration, current	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$49.90M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$6.21M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$5.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$131.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$111.54M	USD	Point-in-time
Business acquisitions contingent consideration, long-term	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$4.57M	USD	Point-in-time
Business acquisitions contingent consideration, long-term	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$16.97M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.52M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.51M	USD	Point-in-time
Deferred tax liabilitiesnet	`DeferredIncomeTaxLiabilitiesNet`	$2.81M	USD	Point-in-time
Deferred tax liabilitiesnet	`DeferredIncomeTaxLiabilitiesNet`	$2.59M	USD	Point-in-time
Long-term debtnet of deferred financing fees	`LongTermDebtNoncurrent`	$170.32M	USD	Point-in-time
Long-term debtnet of deferred financing fees	`LongTermDebtNoncurrent`	$169.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$344.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$312.65M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$261.59M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$259.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-133.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-122.35M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$71.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$100.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-26.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-71.77M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$127.74M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$137.15M	USD	Point-in-time
TOTAL LIABILITIES, CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$625.23M	USD	Point-in-time
TOTAL LIABILITIES, CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$602.73M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$61.03M	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$133.82M	USD	1 Quarter
COST OF REVENUES (exclusive of depreciation and amortization shown below)	`CostOfRevenue`	$95.32M	USD	1 Quarter
COST OF REVENUES (exclusive of depreciation and amortization shown below)	`CostOfRevenue`	$44.40M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSE	`SellingGeneralAndAdministrativeExpense`	$25.00M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSE	`SellingGeneralAndAdministrativeExpense`	$20.52M	USD	1 Quarter
INITIAL PUBLIC OFFERING EXPENSE	`InitialPublicOfferingExpense`	$531.00K	USD	1 Quarter
FAIR VALUE CHANGES IN BUSINESS ACQUISITIONS CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$11.06M	USD	1 Quarter
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$7.56M	USD	1 Quarter
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$10.77M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-11.98M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-8.33M	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-574.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-29.83M	USD	1 Quarter
Interest expensenet	`InterestIncomeExpenseNet`	$-2.59M	USD	1 Quarter
Interest expensenet	`InterestIncomeExpenseNet`	$-2.69M	USD	1 Quarter
Total other expensesnet	`NonoperatingIncomeExpense`	$-3.26M	USD	1 Quarter
Total other expensesnet	`NonoperatingIncomeExpense`	$-32.42M	USD	1 Quarter
LOSS BEFORE EXPENSE (BENEFIT) FROM INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-44.40M	USD	1 Quarter
LOSS BEFORE EXPENSE (BENEFIT) FROM INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.59M	USD	1 Quarter
INCOME TAXES EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-3.15M	USD	1 Quarter
INCOME TAXES EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$2.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-41.25M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-11.60M	USD	1 Quarter
EQUITY ADJUSTMENT FROM FOREIGN CURRENCY TRANSLATION	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$29.00K	USD	1 Quarter
EQUITY ADJUSTMENT FROM FOREIGN CURRENCY TRANSLATION	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.00K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-41.25M	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-11.57M	USD	1 Quarter
ACCRETION OF REDEEMABLE SERIES A-1 PREFERRED STOCK	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$5.42M	USD	1 Quarter
CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK DIVIDEND	`PreferredStockDividendsIncomeStatementImpact`	$4.10M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-46.66M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-15.70M	USD	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.90M	shares	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.12M	shares	1 Quarter
NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.62	USD	1 Quarter
NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-5.24	USD	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-11.60M	USD	1 Quarter
Net loss	`ProfitLoss`	$-41.25M	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$508.00K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$4.53M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$6.33M	USD	1 Quarter
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$7.56M	USD	1 Quarter
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$10.77M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.80M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.15M	USD	1 Quarter
Fair value changes in embedded derivatives	`EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet`	$-602.00K	USD	1 Quarter
Fair value changes in embedded derivatives	`EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet`	$-29.63M	USD	1 Quarter
FAIR VALUE CHANGES IN BUSINESS ACQUISITIONS CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$11.06M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.15M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-50.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$180.00K	USD	1 Quarter
Accounts receivable and contract assets	`IncreaseDecreaseInReceivables`	$29.03M	USD	1 Quarter
Accounts receivable and contract assets	`IncreaseDecreaseInReceivables`	$319.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-787.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$683.00K	USD	1 Quarter
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.18M	USD	1 Quarter
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.00M	USD	1 Quarter
Accrued payroll and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.46M	USD	1 Quarter
Accrued payroll and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.06M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$603.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.91M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.98M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.56M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$922.00K	USD	1 Quarter
Proprietary software development and other software costs	`PaymentsToAcquireIntangibleAssets`	$204.00K	USD	1 Quarter
Proprietary software development and other software costs	`PaymentsToAcquireIntangibleAssets`	$102.00K	USD	1 Quarter
Cash paid for acquisitionsnet of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.27M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.66M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.40M	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$50.45M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$37.27M	USD	1 Quarter
Repayment of term loan	`RepaymentsOfLongTermLinesOfCredit`	$1.25M	USD	1 Quarter
Repayment of term loan	`RepaymentsOfLongTermLinesOfCredit`	$547.00K	USD	1 Quarter
Payment of contingent consideration and other purchase price obligations	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$4.70M	USD	1 Quarter
Repayment of capital leases	`RepaymentOfCapitalLeases`	$685.00K	USD	1 Quarter
Repayment of capital leases	`RepaymentOfCapitalLeases`	$625.00K	USD	1 Quarter
Payments of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$1.18M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$127.00K	USD	1 Quarter
Proceeds from issuance of common stock for exercised stock options	`ProceedsFromStockOptionsExercised`	$2.19M	USD	1 Quarter
Dividend payment to the Series A-2 shareholders	`PaymentsOfDividends`	$4.10M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.24M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.09M	USD	1 Quarter
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-5.40M	USD	1 Quarter
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-24.40M	USD	1 Quarter
Foreign exchange impact on cash balance	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$36.00K	USD	1 Quarter
Foreign exchange impact on cash balance	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$158.00K	USD	1 Quarter
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.64M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.88M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.52M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.88M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.64M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.88M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.52M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.88M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.50M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.75M	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaidNet`	$305.00K	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaidNet`	$64.00K	USD	1 Quarter
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$594.00K	USD	1 Quarter
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$613.00K	USD	1 Quarter
Property and equipment purchased under capital leases	`NonCashPropertyAndEquipmentPurchasedUnderCapitalLeases`	$1.49M	USD	1 Quarter
Property and equipment purchased under capital leases	`NonCashPropertyAndEquipmentPurchasedUnderCapitalLeases`	$670.00K	USD	1 Quarter
Accretion of the redeemable series A-1 preferred stock to redeemable value	`NonCashAccretionOfRedeemableSeriesA1PreferredStockToRedeemableValue`	$5.42M	USD	1 Quarter
Common stock issued to acquire new businesses	`NonCashCommonStockIssuedToAcquireNewBusinesses`	$2.27M	USD	1 Quarter
Acquisitions unpaid contingent consideration	`NonCashAcquisitionsUnpaidContingentLiabilities`	$4.08M	USD	1 Quarter
Acquisitions unpaid contingent consideration	`NonCashAcquisitionsUnpaidContingentLiabilities`	$67.33M	USD	1 Quarter
Offering costs included in accounts payable and other accrued liabilities	`NonCashOfferingCostsIncludedInAccountsPayableAndOtherAccruedLiabilities`	$49.00K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-26.29M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-71.77M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$127.74M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$137.15M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-41.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.60M	USD	1 Quarter
Accretion of the redeemable series A-1 preferred stock to redeemable value	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$5.42M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.15M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.80M	USD	1 Quarter
Dividend payment to the Series A-2preferred shareholders	`DividendsPreferredStock`	$4.10M	USD	1 Quarter
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$4.46M	USD	1 Quarter
Common stock issued, shares	`StockIssuedDuringPeriodSharesNewIssues`	506,330.00	shares	1 Quarter
Accumulated other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$37.00K	USD	1 Quarter
Accumulated other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$29.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-26.29M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-71.77M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$127.74M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$137.15M	USD	Point-in-time

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