10-K Filing

WRAP TECHNOLOGIES, INC. CIK: 1702924 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001654954-21-002358`
Period End Date	20201231
Filing Date	20210304
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	wrtc-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 38 Cash Flow Statement 90 Stockholders Equity 24

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.36M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$24.99M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$195.35K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.87M	USD	Point-in-time
Inventories, net	`InventoryNet`	$2.66M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$2.24M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	29.83M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$759.45K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$250.95K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	37.55M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	37.55M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$19.67M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	29.83M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$46.93M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$357.29K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$242.88K	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$260.93K	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$139.09K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$230.28K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$12.68K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$12.68K	USD	Point-in-time
Total assets	`Assets`	$20.42M	USD	Point-in-time
Total assets	`Assets`	$48.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$406.97K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$721.08K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$194.29K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$2.10K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$343.72K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$2.68K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$16.02K	USD	Point-in-time
Operating lease liability- short term	`OperatingLeaseLiabilityCurrent`	$94.01K	USD	Point-in-time
Operating lease liability- short term	`OperatingLeaseLiabilityCurrent`	$128.13K	USD	Point-in-time
Business acquisition liability - short term	`BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities`	-	USD	Point-in-time
Business acquisition liability - short term	`BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities`	$275.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.34M	USD	Point-in-time
Operating lease liability - long term	`OperatingLeaseLiabilityNoncurrent`	$56.01K	USD	Point-in-time
Operating lease liability - long term	`OperatingLeaseLiabilityNoncurrent`	$150.02K	USD	Point-in-time
Business acquisition liability - long term	`BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities`	-	USD	Point-in-time
Business acquisition liability - long term	`BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities`	$22.50K	USD	Point-in-time
Tota long-term liabilities	`LiabilitiesNoncurrent`	$78.51K	USD	Point-in-time
Tota long-term liabilities	`LiabilitiesNoncurrent`	$150.02K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - 5,000,000 authorized; par value $0.0001 per share; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - 5,000,000 authorized; par value $0.0001 per share; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock - 150,000,000 authorized; par value $0.0001 per share; 37,554,162 and 29,829,916 shares issued and outstanding each period, respectively	`CommonStockValue`	$2.98K	USD	Point-in-time
Common stock - 150,000,000 authorized; par value $0.0001 per share; 37,554,162 and 29,829,916 shares issued and outstanding each period, respectively	`CommonStockValue`	$3.76K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$71.70M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$31.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.73M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$14.85K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$46.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.20M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.42M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$48.83M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Product sales	`ProductSalesRevenue`	$656.07K	USD	Annual
Product sales	`ProductSalesRevenue`	$3.87M	USD	Annual
Other revenue	`OtherRevenue`	$75.67K	USD	Annual
Other revenue	`OtherRevenue`	$40.72K	USD	Annual
Total revenues	`Revenues`	$3.94M	USD	Annual
Total revenues	`Revenues`	$696.79K	USD	Annual
Cost of revenues	`CostOfRevenue`	$2.60M	USD	Annual
Cost of revenues	`CostOfRevenue`	$420.02K	USD	Annual
Gross profit	`GrossProfit`	$1.34M	USD	Annual
Gross profit	`GrossProfit`	$276.77K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.65M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.63M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.24M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.79M	USD	Annual
Total expenses	`OperatingExpenses`	$14.42M	USD	Annual
Total expenses	`OperatingExpenses`	$8.89M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-13.08M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-8.61M	USD	Annual
Interest income	`InterestIncomeOperating`	$83.27K	USD	Annual
Interest income	`InterestIncomeOperating`	$291.49K	USD	Annual
Debt forgiveness income	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Debt forgiveness income	`GainsLossesOnExtinguishmentOfDebt`	$416.68K	USD	Annual
Other	`OtherIncome`	$-3.37K	USD	Annual
Other	`OtherIncome`	$-3.31K	USD	Annual
Other income (expense)	`InterestIncomeExpenseNet`	$288.19K	USD	Annual
Other income (expense)	`InterestIncomeExpenseNet`	$496.59K	USD	Annual
Net loss	`NetIncomeLoss`	$-12.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.33M	USD	Annual
Net loss per basic and diluted common share	`EarningsPerShareBasicAndDiluted`	$-0.29	USD	Annual
Net loss per basic and diluted common share	`EarningsPerShareBasicAndDiluted`	$-0.37	USD	Annual
Weighted average common shares used to compute net loss per basic and diluted common share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.65M	shares	Annual
Weighted average common shares used to compute net loss per basic and diluted common share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.85M	shares	Annual
Net loss	`ProfitLoss`	$-12.58M	USD	Annual
Net loss	`ProfitLoss`	$-8.33M	USD	Annual
Net unrealized gain on short-term investments	`GainLossOnInvestments`	$14.85K	USD	Annual
Net unrealized gain on short-term investments	`GainLossOnInvestments`	-	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-12.57M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-8.33M	USD	Annual

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.33M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$46.95K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$163.26K	USD	Annual
Warranty provision	`ProvisionForOtherLosses`	$30.36K	USD	Annual
Warranty provision	`ProvisionForOtherLosses`	$13.49K	USD	Annual
Inventory write-off	`InventoryWriteDown`	$-193.51K	USD	Annual
Inventory write-off	`InventoryWriteDown`	$-68.11K	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$80.07K	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$121.84K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$1.54M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$2.24M	USD	Annual
Debt forgiveness income	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Debt forgiveness income	`GainsLossesOnExtinguishmentOfDebt`	$416.68K	USD	Annual
Non-cash interest expense	`InterestAndDebtExpense`	$2.32K	USD	Annual
Non-cash interest expense	`InterestAndDebtExpense`	-	USD	Annual
Common shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$102.60K	USD	Annual
Common shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$10.14K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.69M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$190.95K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.89M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$342.74K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$136.08K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$508.50K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$174.05K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$825.38K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOtherOperatingLiabilities`	$-128.13K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOtherOperatingLiabilities`	$-62.85K	USD	Annual
Customer deposits	`IncreaseDecreaseInDeposits`	$-341.63K	USD	Annual
Customer deposits	`IncreaseDecreaseInDeposits`	$343.72K	USD	Annual
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilities`	$112.35K	USD	Annual
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilities`	$492.56K	USD	Annual
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	-	USD	Annual
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-96.00K	USD	Annual
Warranty settlement	`WarrantySettlement`	$3.85K	USD	Annual
Warranty settlement	`WarrantySettlement`	-	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.68K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.67K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.49M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.19M	USD	Annual
Purchase of short-term investments	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	$34.98M	USD	Annual
Purchase of short-term investments	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	-	USD	Annual
Proceeds from maturities of short-term investments	`ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment`	$10.00M	USD	Annual
Proceeds from maturities of short-term investments	`ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment`	-	USD	Annual
Capital expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$248.90K	USD	Annual
Capital expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$256.74K	USD	Annual
Investment in patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$114.27K	USD	Annual
Investment in patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$128.91K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireOtherProductiveAssets`	$543.56K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireOtherProductiveAssets`	-	USD	Annual
Business acquisition	`PaymentsToAcquireBusinessesGross`	-	USD	Annual
Business acquisition	`PaymentsToAcquireBusinessesGross`	$210.00K	USD	Annual
Long-term deposits	`PaymentsForOtherDeposits`	$11.17K	USD	Annual
Long-term deposits	`PaymentsForOtherDeposits`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.11M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-382.19K	USD	Annual
Sale of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$12.50M	USD	Annual
Sale of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$12.40M	USD	Annual
Offering costs paid on sale of stock and warrants	`PaymentsOfStockIssuanceCosts`	$1.15M	USD	Annual
Offering costs paid on sale of stock and warrants	`PaymentsOfStockIssuanceCosts`	$732.80K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$2.11M	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$26.19M	USD	Annual
Offering costs paid on exercise of warrants	`PaymentsOfWarrantExerciseCosts`	$28.67K	USD	Annual
Offering costs paid on exercise of warrants	`PaymentsOfWarrantExerciseCosts`	$1.02M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$705.35K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$58.12K	USD	Annual
Proceeds from bank note	`ProceedsFromBankDebt`	$414.36K	USD	Annual
Proceeds from bank note	`ProceedsFromBankDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.49M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.96M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$-337.05K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$4.62M	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.65M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.98M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.98M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.65M	USD	Point-in-time
Business acquisition liability	`IncreaseDecreaseBusinessAcquisitionLiability`	-	USD	Annual
Business acquisition liability	`IncreaseDecreaseBusinessAcquisitionLiability`	$297.50K	USD	Annual
Business acquisition cost in deferred revenue	`IncreaseDecreaseBusinessAcquisitionCostInDeferredRevenue`	-	USD	Annual
Business acquisition cost in deferred revenue	`IncreaseDecreaseBusinessAcquisitionCostInDeferredRevenue`	$15.00K	USD	Annual
Change in unrealized gain on short-term investments	`IncreaseDecreaseUnrealizedGainOnShortTermInvestments`	$14.85K	USD	Annual
Change in unrealized gain on short-term investments	`IncreaseDecreaseUnrealizedGainOnShortTermInvestments`	-	USD	Annual
Right-of-use assets and liabilities recorded during period	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$341.00K	USD	Annual
Right-of-use assets and liabilities recorded during period	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Issuance costs relating to warrants issued to public offering selling agent	`IssuanceCostsRelatingToWarrantsIssuedToPublicOfferingSellingAgent`	-	USD	Annual
Issuance costs relating to warrants issued to public offering selling agent	`IssuanceCostsRelatingToWarrantsIssuedToPublicOfferingSellingAgent`	$205.89K	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$12.39M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$46.41M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$19.20M	USD	Point-in-time
Sale of common stock and warrants at $6.50 per share and placement agent warrants in public offering, net of issuance costs, amount	`StockIssuedDuringPeriodValueOther`	$11.35M	USD	Annual
Sale of common stock and warrants at $6.00 per share and placement agent warrants in public offering, net of issuance costs, amount	`StockIssuedDuringPeriodValueOther2`	$11.67M	USD	Annual
Common shares issued upon exercise of warrants at $3.00 per share, amount	`StockIssuedDuringPeriodValueWarrantsExercised`	$382.95K	USD	Annual
Common shares issued upon exercise of warrants at $3.00 per share, amount	`StockIssuedDuringPeriodValueWarrantsExercised`	$961.03K	USD	Annual
Common shares issued upon exercise of warrants at $5.00 per share, net of issuance costs, amount	`StockIssuedDuringPeriodValueWarrantsExercised2`	$18.72M	USD	Annual
Common shares issued upon exercise of warrants at $5.00 per share, net of issuance costs, amount	`StockIssuedDuringPeriodValueWarrantsExercised2`	$1.70M	USD	Annual
Common shares issued uppon exercise of warrants at $6.00 per share, net of issuance costs, amount	`StockIssuedDuringPeriodValueWarrantsExercised3`	$3.85M	USD	Annual
Common shares issued uppon exercise of warrants at $6.50 per share, net of issuance costs, amount	`StockIssuedDuringPeriodValueWarrantsExercised4`	$1.65M	USD	Annual
Common shares issued upon exercise of stock options, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$705.35K	USD	Annual
Common shares issued upon exercise of stock options, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$58.12K	USD	Annual
Common shares issued upon vesting of restricted stock units, amount	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$2.24M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$1.54M	USD	Annual
Net unrealized gain on short-term investments	`GainLossOnInvestments`	$14.85K	USD	Annual
Net unrealized gain on short-term investments	`GainLossOnInvestments`	-	USD	Annual
Common shares issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$102.60K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-12.58M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-8.33M	USD	Annual
Ending balance, amount	`StockholdersEquity`	$12.39M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$46.41M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$19.20M	USD	Point-in-time

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