10-K Filing

ACM RESEARCH, INC. CIK: 1680062 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001654954-19-002737`
Period End Date	20181231
Filing Date	20190314
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	acmr-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 52 Cash Flow Statement 80 Stockholders Equity 23

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.68M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $0 and $0 as of December 31, 2018 and 2017, respectively (note 3)	`AccountsReceivableNetCurrent`	$26.76M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $0 and $0 as of December 31, 2018 and 2017, respectively (note 3)	`AccountsReceivableNetCurrent`	$24.61M	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$3.55M	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$2.49M	USD	Point-in-time
Inventory (note 4)	`InventoryNet`	$15.39M	USD	Point-in-time
Inventory (note 4)	`InventoryNet`	$38.76M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.99M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$546.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$46.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$96.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.91M	USD	Point-in-time
Property, plant and equipment, net (note 5)	`PropertyPlantAndEquipmentNet`	$3.71M	USD	Point-in-time
Property, plant and equipment, net (note 5)	`PropertyPlantAndEquipmentNet`	$2.34M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$106.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$274.00K	USD	Point-in-time
Deferred tax assets (note 15)	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.64M	USD	Point-in-time
Deferred tax assets (note 15)	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.29M	USD	Point-in-time
Investment in affiliates, equity method (note 10)	`EquityMethodInvestments`	$1.24M	USD	Point-in-time
Investment in affiliates, equity method (note 10)	`EquityMethodInvestments`	$1.36M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$40.00K	USD	Point-in-time
Total assets	`Assets`	$67.89M	USD	Point-in-time
Total assets	`Assets`	$103.05M	USD	Point-in-time
Short-term borrowings (note 6)	`ShortTermBorrowings`	$9.45M	USD	Point-in-time
Short-term borrowings (note 6)	`ShortTermBorrowings`	$5.09M	USD	Point-in-time
Warrant liability (note 8)	`WarrantsAndRightsOutstanding`	$3.08M	USD	Point-in-time
Warrant liability (note 8)	`WarrantsAndRightsOutstanding`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.42M	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$8.42M	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$143.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$44.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$44.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.19M	USD	Point-in-time
Other payables and accrued expenses (note 7))	`OtherAccountsPayableAndAccruedLiabilities`	$6.04M	USD	Point-in-time
Other payables and accrued expenses (note 7))	`OtherAccountsPayableAndAccruedLiabilities`	$10.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.14M	USD	Point-in-time
Other long-term liabilities (note 9)	`OtherLiabilitiesNoncurrent`	$4.58M	USD	Point-in-time
Other long-term liabilities (note 9)	`OtherLiabilitiesNoncurrent`	$6.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.03M	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$56.57M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$49.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.96M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$122.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-857.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$39.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$52.32M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$103.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$67.89M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$36.51M	USD	Annual
Revenue	`Revenues`	$74.64M	USD	Annual
Cost of revenue	`CostOfRevenue`	$19.28M	USD	Annual
Cost of revenue	`CostOfRevenue`	$40.19M	USD	Annual
Gross profit	`GrossProfit`	$17.23M	USD	Annual
Gross profit	`GrossProfit`	$34.45M	USD	Annual
Sales and marketing	`MarketingAndAdvertisingExpense`	$9.61M	USD	Annual
Sales and marketing	`MarketingAndAdvertisingExpense`	$5.50M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$10.38M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$5.14M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$7.99M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.89M	USD	Annual
Total operating expenses, net	`OperatingExpenses`	$16.52M	USD	Annual
Total operating expenses, net	`OperatingExpenses`	$27.98M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$700.00K	USD	Annual
Income from operations	`OperatingIncomeLoss`	$6.47M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$29.00K	USD	Annual
Interest expense	`InterestExpense`	$277.00K	USD	Annual
Interest expense	`InterestExpense`	$498.00K	USD	Annual
Other income (expense), net	`InterestIncomeExpenseNet`	$1.25M	USD	Annual
Other income (expense), net	`InterestIncomeExpenseNet`	$-794.00K	USD	Annual
Equity in net income of affiliates	`IncomeLossFromEquityMethodInvestments`	$123.00K	USD	Annual
Equity in net income of affiliates	`IncomeLossFromEquityMethodInvestments`	$37.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.38M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-325.00K	USD	Annual
Income tax expense (note 17)	`IncomeTaxExpenseBenefit`	$806.00K	USD	Annual
Income tax expense (note 17)	`IncomeTaxExpenseBenefit`	$547.00K	USD	Annual
Net income (loss)	`ProfitLoss`	$-872.00K	USD	Annual
Net income (loss)	`ProfitLoss`	$6.57M	USD	Annual
Less: Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Less: Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-554.00K	USD	Annual
Net income (loss) attributable to ACM Research, Inc.	`NetIncomeLoss`	$-318.00K	USD	Annual
Net income (loss) attributable to ACM Research, Inc.	`NetIncomeLoss`	$6.57M	USD	Annual
Net income (loss)	`ProfitLoss`	$-872.00K	USD	Annual
Net income (loss)	`ProfitLoss`	$6.57M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-979.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$472.00K	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$5.59M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-400.00K	USD	Annual
Less: Comprehensive income (loss) attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-369.00K	USD	Annual
Less: Comprehensive income (loss) attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	Annual
Total comprehensive income (loss) attributable to ACM Research, Inc.	`ComprehensiveIncomeNetOfTax`	$-31.00K	USD	Annual
Total comprehensive income (loss) attributable to ACM Research, Inc.	`ComprehensiveIncomeNetOfTax`	$5.59M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.42	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.05	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.37	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.05	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.79M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.87M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.91M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.87M	shares	Annual

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-872.00K	USD	Annual
Net income (loss)	`ProfitLoss`	$6.57M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$271.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$417.00K	USD	Annual
Equity income in net income of affiliates	`IncomeLossFromEquityMethodInvestments`	$123.00K	USD	Annual
Equity income in net income of affiliates	`IncomeLossFromEquityMethodInvestments`	$37.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$659.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-405.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.36M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.62M	USD	Annual
Loss on disposals of fixed assets, intangible assets and other long-term assets	`GainsLossesOnSalesOfAssets`	-	USD	Annual
Loss on disposals of fixed assets, intangible assets and other long-term assets	`GainsLossesOnSalesOfAssets`	$-1.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$-883.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$9.76M	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$1.17M	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-332.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$24.08M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$3.07M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.49M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-256.00K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-44.00K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-8.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.91M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.82M	USD	Annual
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$8.32M	USD	Annual
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$-127.00K	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$1.15M	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	-	USD	Annual
Other payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$4.95M	USD	Annual
Other payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.79M	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.34M	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.08M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-8.10M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.91M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.83M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$651.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$115.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$241.00K	USD	Annual
Loan to related party	`PaymentsToFundLongtermLoansToRelatedParties`	$946.00K	USD	Annual
Loan to related party	`PaymentsToFundLongtermLoansToRelatedParties`	-	USD	Annual
Purchase of non-controlling interest	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	-	USD	Annual
Purchase of non-controlling interest	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	$20.81M	USD	Annual
Investments in unconsolidated equity method affiliates	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Investments in unconsolidated equity method affiliates	`PaymentsToAcquireEquityMethodInvestments`	$1.20M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.07M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-23.72M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$11.15M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$17.73M	USD	Annual
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$13.13M	USD	Annual
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$11.11M	USD	Annual
Proceeds from stock option exercise to common stock	`ProceedsFromStockOptionsExercised`	$396.00K	USD	Annual
Proceeds from stock option exercise to common stock	`ProceedsFromStockOptionsExercised`	$528.00K	USD	Annual
Proceed from issuance of Series E convertible preferred stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	Annual
Proceed from issuance of Series E convertible preferred stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$5.80M	USD	Annual
Proceeds from issuance of common stock in connection with initial public offering and concurrent private placement	`ProceedsFromIssuanceOfCommonStock`	$18.72M	USD	Annual
Proceeds from issuance of common stock in connection with initial public offering and concurrent private placement	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Payment of inital public offering expenses	`PaymentOfInitalPublicOfferingExpenses`	-	USD	Annual
Payment of inital public offering expenses	`PaymentOfInitalPublicOfferingExpenses`	$1.54M	USD	Annual
Investment in affiliates	`InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease`	-	USD	Annual
Investment in affiliates	`InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease`	$1.00M	USD	Annual
Proceeds from issuance of common stock for non-controlling interest purchase	`ProceedsFromIssuanceOfCommonStockForNoncontrollingInterestPurchase`	-	USD	Annual
Proceeds from issuance of common stock for non-controlling interest purchase	`ProceedsFromIssuanceOfCommonStockForNoncontrollingInterestPurchase`	$14.30M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.12M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$38.72M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-518.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$663.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.44M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.56M	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.68M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$498.00K	USD	Annual
Interest paid	`InterestPaidNet`	$277.00K	USD	Annual
Preferred stock conversion to common stock in connection with initial public offering	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesInitialPublicOffering`	$23.83M	USD	Annual
Preferred stock conversion to common stock in connection with initial public offering	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesInitialPublicOffering`	-	USD	Annual
Warrant conversion to common stock	`WarrantConversionToCommonStock`	-	USD	Annual
Warrant conversion to common stock	`WarrantConversionToCommonStock`	$3.08M	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.32M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.48M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.86M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-872.00K	USD	Annual
Net income (loss)	`ProfitLoss`	$6.57M	USD	Annual
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$720.00K	USD	Annual
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-979.00K	USD	Annual
Exercise of stock option, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$396.00K	USD	Annual
Exercise of stock option, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$528.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.62M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.36M	USD	Annual
Purchase of non-controlling interest	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	$20.81M	USD	Annual
Purchase of non-controlling interest	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	-	USD	Annual
Issuance of Common Stock to Ninebell, amount	`StockIssuedDuringPeriodValueNinebell`	$1.00M	USD	Annual
Issuance of Common Stock to Shanghai and Pudong VC, amount	`StockIssuedDuringPeriodValueShanghaiPudongVC`	$14.30M	USD	Annual
Convertible preferred shares converted to common shares in connection with initial public offering, amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesInitialPublicOffering`	$23.83M	USD	Annual
Convertible preferred shares converted to common shares in connection with initial public offering, amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesInitialPublicOffering`	-	USD	Annual
Issuance of Class A common stock in connection with inital public offering and concurrent private placement, net of issuance costs of $2,791 and underwriter's warrant of $137, amount	`ProceedsFromInitialPublicOffering`	$17.04M	USD	Annual
Issuance of underwriter's warrant, amount	`IssuanceOfUnderwritersWarrantValue`	$137.00K	USD	Annual
Exercise of common stock warrant issued to SMC, amount	`ExerciseOfCommonStockWarrantIssuedToSmcAmount`	$2.98M	USD	Annual
Ending balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.32M	USD	Point-in-time
Ending balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.48M	USD	Point-in-time
Ending balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.86M	USD	Point-in-time

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