10-Q Filing

FAT BRANDS, INC CIK: 1705012 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-013545`
Period End Date	20220331
Filing Date	20220510
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	fat-20220327_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 103 Income Statement 40 Cash Flow Statement 76 Stockholders Equity 19

Balance Sheet 103 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$56.66M	USD	Point-in-time
Cash	`Cash`	$28.97M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$33.04M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$24.74M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3,328 and $4,016 as of March 27, 2022 and December 26, 2021, respectively	`AccountsReceivableNetCurrent`	$19.55M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3,328 and $4,016 as of March 27, 2022 and December 26, 2021, respectively	`AccountsReceivableNetCurrent`	$17.97M	USD	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $129 as of both March 27, 2022 and December 26, 2021	`NotesAndLoansReceivableNetCurrent`	$238.00K	USD	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $129 as of both March 27, 2022 and December 26, 2021	`NotesAndLoansReceivableNetCurrent`	$231.00K	USD	Point-in-time
Assets classified as held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$5.48M	USD	Point-in-time
Assets classified as held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$5.34M	USD	Point-in-time
Accounts Receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.33M	USD	Point-in-time
Accounts Receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.02M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.65M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.85M	USD	Point-in-time
Financing Receivable, allowance for doubtful accounts, current	`AllowanceForNotesAndLoansReceivableCurrent`	$129.00K	USD	Point-in-time
Financing Receivable, allowance for doubtful accounts, current	`AllowanceForNotesAndLoansReceivableCurrent`	$129.00K	USD	Point-in-time
Financing Receivable, allowance for doubtful accounts, noncurrent	`AllowanceForNotesAndLoansReceivableNoncurrent`	$271.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.51M	USD	Point-in-time
Financing Receivable, allowance for doubtful accounts, noncurrent	`AllowanceForNotesAndLoansReceivableNoncurrent`	$271.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$97.20M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Noncurrent restricted cash	`RestrictedCashNoncurrent`	$18.52M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Noncurrent restricted cash	`RestrictedCashNoncurrent`	$18.52M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Notes receivable noncurrent, net of allowance for doubtful accounts of $271, as of both March 27, 2022 and December 26, 2021	`NotesAndLoansReceivableNetNoncurrent`	$3.49M	USD	Point-in-time
Notes receivable noncurrent, net of allowance for doubtful accounts of $271, as of both March 27, 2022 and December 26, 2021	`NotesAndLoansReceivableNetNoncurrent`	$3.43M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.22M	shares	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$96.81M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$98.55M	USD	Point-in-time
Goodwill	`Goodwill`	$295.13M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	3.22M	shares	Point-in-time
Goodwill	`Goodwill`	$295.34M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$652.79M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$648.89M	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$81.40M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	51.60M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.21M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.53M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	51.60M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.40M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.38M	shares	Point-in-time
Total assets	`Assets`	$1.27B	USD	Point-in-time
Total assets	`Assets`	$1.24B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.40M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.38M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.50M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$42.65M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$46.30M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.83M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.64M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$12.31M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$10.85M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$12.61M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$10.68M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnRedeemablePreferredShares`	$1.57M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnRedeemablePreferredShares`	$1.56M	USD	Point-in-time
Liabilities related to assets classified as held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$4.78M	USD	Point-in-time
Liabilities related to assets classified as held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$4.65M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$14.39M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$14.34M	USD	Point-in-time
Redeemable preferred stock	`CurrentPortionOfPreferredSharesNet`	$135.00M	USD	Point-in-time
Redeemable preferred stock	`CurrentPortionOfPreferredSharesNet`	$67.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$631.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$851.00K	USD	Point-in-time
Current portion of acquisition purchase price payable	`AcquisitionPurchasePricePayableCurrent`	$1.20M	USD	Point-in-time
Current portion of acquisition purchase price payable	`AcquisitionPurchasePricePayableCurrent`	$1.17M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$10.39M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$10.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$198.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$261.94M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$17.66M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$18.75M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$12.92M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$16.21M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$91.58M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$92.92M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$904.26M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$907.07M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$976.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$362.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.30B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	$64.45M	USD	Point-in-time
Redeemable preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,221,471 shares issued and outstanding at March 27, 2022 and December 26, 2021, respectively; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$55.66M	USD	Point-in-time
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,221,471 shares issued and outstanding at March 27, 2022 and December 26, 2021, respectively; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$49.92M	USD	Point-in-time
Class A common stock and Class B common stock and additional paid-in capital as of March 27, 2022: $0.0001 par value per share: 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,402,402 shares issued and outstanding (Class A 15,131,597, Class B 1,270,805). Common stock and additional paid-in capital as of December 26, 2021: $0.0001 par value; 51,600,000 shares authorized; 16,380,552 shares issued and outstanding (Class A 15,109,747, Class B 1,270,805).	`CommonStocksIncludingAdditionalPaidInCapital`	$-24.84M	USD	Point-in-time
Class A common stock and Class B common stock and additional paid-in capital as of March 27, 2022: $0.0001 par value per share: 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,402,402 shares issued and outstanding (Class A 15,131,597, Class B 1,270,805). Common stock and additional paid-in capital as of December 26, 2021: $0.0001 par value; 51,600,000 shares authorized; 16,380,552 shares issued and outstanding (Class A 15,109,747, Class B 1,270,805).	`CommonStocksIncludingAdditionalPaidInCapital`	$-24.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-76.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.48M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-51.11M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-21.66M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.27B	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.24B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$97.40M	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`	$31.07M	USD	1 Quarter
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	$54.80M	USD	1 Quarter
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	-	USD	1 Quarter
Refranchising loss	`RefranchisingGainLoss`	$-548.00K	USD	1 Quarter
Refranchising loss	`RefranchisingGainLoss`	$-427.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$15.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$248.00K	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$1.19M	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$10.26M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$6.56M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$96.92M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$89.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$485.00K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$19.03M	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$2.46M	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$2.00M	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$288.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$98.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.31M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-19.72M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-2.65M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.56M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-19.23M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-129.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$4.52M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.75M	USD	1 Quarter
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.20	USD	1 Quarter
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-1.45	USD	1 Quarter
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.20	USD	1 Quarter
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-1.45	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.39M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.97M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.97M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.39M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.43M	USD	1 Quarter
Net loss	`ProfitLoss`	$-23.75M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.07M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-995.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$398.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$2.11M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$37.00K	USD	1 Quarter
Change in operating right of use assets	`ChangeInOperatingRightOfUseAssets`	$1.88M	USD	1 Quarter
Change in operating right of use assets	`ChangeInOperatingRightOfUseAssets`	$605.00K	USD	1 Quarter
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$2.63M	USD	1 Quarter
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$364.00K	USD	1 Quarter
Accretion of preferred shares	`AccretionOfPreferredShares1`	-	USD	1 Quarter
Accretion of preferred shares	`AccretionOfPreferredShares1`	$10.00K	USD	1 Quarter
Accretion of purchase price liability	`AccretionOfPurchasePriceLiability`	$24.00K	USD	1 Quarter
Accretion of purchase price liability	`AccretionOfPurchasePriceLiability`	$24.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$185.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$258.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.40M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-397.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-205.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$1.51M	USD	1 Quarter
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$332.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.01M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$59.00K	USD	1 Quarter
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$83.00K	USD	1 Quarter
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$-4.18M	USD	1 Quarter
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$-187.00K	USD	1 Quarter
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$1.46M	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$1.94M	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$47.00K	USD	1 Quarter
Dividend payable on preferred shares	`IncreaseDecreaseDividendPayableOnPreferredShares`	$-9.00K	USD	1 Quarter
Dividend payable on preferred shares	`IncreaseDecreaseDividendPayableOnPreferredShares`	$278.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherCurrentLiabilities`	$-8.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherCurrentLiabilities`	$-722.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.19M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$14.05M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.25M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.71M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$573.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.77M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-30.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-573.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.74M	USD	1 Quarter
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	-	USD	1 Quarter
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$492.00K	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfShortTermDebt`	-	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$236.00K	USD	1 Quarter
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$1.42M	USD	1 Quarter
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$353.00K	USD	1 Quarter
Exercise of warrants	`ProceedsFromWarrantExercises`	$79.00K	USD	1 Quarter
Exercise of warrants	`ProceedsFromWarrantExercises`	$515.00K	USD	1 Quarter
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	$1.06M	USD	1 Quarter
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	-	USD	1 Quarter
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$2.13M	USD	1 Quarter
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	-	USD	1 Quarter
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$639.00K	USD	1 Quarter
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.65M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.93M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-477.00K	USD	1 Quarter
Net decrease in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.30M	USD	1 Quarter
Net decrease in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.38M	USD	1 Quarter
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`	$99.92M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$80.54M	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`	$99.92M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$80.54M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$14.98M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.97M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$210.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$211.00K	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-51.11M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.66M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.58M	USD	Point-in-time
Net loss	`ProfitLoss`	$-2.43M	USD	1 Quarter
Net loss	`ProfitLoss`	$-23.75M	USD	1 Quarter
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$515.00K	USD	1 Quarter
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$79.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.11M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$37.00K	USD	1 Quarter
Measurement period adjustment in accordance with ASU 2015-16	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.20M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStockCash`	$2.13M	USD	1 Quarter
Dividends declared on Series B preferred stock	`DividendsPreferredStockStock`	$610.00K	USD	1 Quarter
Dividends declared on Series B preferred stock	`DividendsPreferredStockStock`	$1.65M	USD	1 Quarter
Exercise of Series B preferred stock put option	`AdjustmentsToAdditionalPaidInCapitalDecreaseDueToExerciseOfPutOption`	$4.11M	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-51.11M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.66M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.58M	USD	Point-in-time

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