10-Q Filing

Applied Digital Corp. CIK: 1144879 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001898844-23-000006`
Period End Date	20230831
Filing Date	20231010
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	apld-20230831_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 34 Cash Flow Statement 80 Stockholders Equity 24

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	166.67M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	166.67M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	100.93M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	110.85M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	105.85M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	95.93M	shares	Point-in-time
Treasury stock, (in shares)	`TreasuryStockCommonShares`	5.00M	shares	Point-in-time
Treasury stock, (in shares)	`TreasuryStockCommonShares`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.94M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$25.27M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$14.57M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$82.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$27.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.31M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$45.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$222.67M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$195.59M	USD	Point-in-time
Operating lease right of use assets, net	`OperatingLeaseRightOfUseAsset`	$1.29M	USD	Point-in-time
Operating lease right of use assets, net	`OperatingLeaseRightOfUseAsset`	$11.18M	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$55.69M	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$14.30M	USD	Point-in-time
Other assets	`OtherAssets`	$26.07M	USD	Point-in-time
Other assets	`OtherAssets`	$7.01M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$349.15M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$263.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.23M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.74M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.33M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$1.81M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$320.00K	USD	Point-in-time
Current portion of finance lease liability	`FinanceLeaseLiabilityCurrent`	$5.72M	USD	Point-in-time
Current portion of finance lease liability	`FinanceLeaseLiabilityCurrent`	$23.47M	USD	Point-in-time
Current portion of debt	`NotesPayableCurrent`	$9.16M	USD	Point-in-time
Current portion of debt	`NotesPayableCurrent`	$7.95M	USD	Point-in-time
Sales and use tax payable	`SalesAndExciseTaxPayableCurrent`	$1.63M	USD	Point-in-time
Sales and use tax payable	`SalesAndExciseTaxPayableCurrent`	$62.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$115.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$151.68M	USD	Point-in-time
Long-term portion of operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$9.57M	USD	Point-in-time
Long-term portion of operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.00M	USD	Point-in-time
Long-term portion of finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$8.33M	USD	Point-in-time
Long-term portion of finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$25.07M	USD	Point-in-time
Other long-term related party liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other long-term related party liabilities	`OtherLiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$221.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$194.28M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 166,666,667 shares authorized, 110,850,885 shares issued and 105,849,157 shares outstanding at August 31, 2023, and 100,927,358 shares issued and 95,925,630 shares outstanding at May 31, 2023	`CommonStockValue`	$110.00K	USD	Point-in-time
Common stock, $0.001 par value, 166,666,667 shares authorized, 110,850,885 shares issued and 105,849,157 shares outstanding at August 31, 2023, and 100,927,358 shares issued and 95,925,630 shares outstanding at May 31, 2023	`CommonStockValue`	$101.00K	USD	Point-in-time
Treasury stock, 5,001,728 shares at August 31, 2023 and 5,001,728 shares at May 31, 2023, at cost	`TreasuryStockCommonValue`	$62.00K	USD	Point-in-time
Treasury stock, 5,001,728 shares at August 31, 2023 and 5,001,728 shares at May 31, 2023, at cost	`TreasuryStockCommonValue`	$62.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$160.19M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$240.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-112.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.72M	USD	Point-in-time
Total stockholders equity attributable to Applied Digital Corporation	`StockholdersEquity`	$127.95M	USD	Point-in-time
Total stockholders equity attributable to Applied Digital Corporation	`StockholdersEquity`	$59.52M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$10.16M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Total stockholders' equity including noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.95M	USD	Point-in-time
Total stockholders' equity including noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.90M	USD	Point-in-time
Total stockholders' equity including noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$69.68M	USD	Point-in-time
Total stockholders' equity including noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$79.23M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$263.96M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$349.15M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.92M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$36.32M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$24.40M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$6.09M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.01M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.05M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$11.10M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$41.45M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.13M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.18M	USD	1 Quarter
Interest Expense	`InterestExpense`	$356.00K	USD	1 Quarter
Interest Expense	`InterestExpense`	$2.07M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-94.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.35M	USD	1 Quarter
Loss from legal settlement	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Loss from legal settlement	`GainLossRelatedToLitigationSettlement`	$-2.30M	USD	1 Quarter
Net loss before income tax expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.63M	USD	1 Quarter
Net loss before income tax expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.85M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$32.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.66M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.85M	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-128.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-397.00K	USD	1 Quarter
Net loss attributable to Applied Digital Corporation	`NetIncomeLoss`	$-11.46M	USD	1 Quarter
Net loss attributable to Applied Digital Corporation	`NetIncomeLoss`	$-4.53M	USD	1 Quarter
Basic net loss per share (in dollars per share)	`EarningsPerShareBasic`	$-0.12	USD	1 Quarter
Basic net loss per share (in dollars per share)	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Diluted net loss per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Diluted net loss per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.12	USD	1 Quarter
Basic weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	100.52M	shares	1 Quarter
Basic weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	93.11M	shares	1 Quarter
Diluted weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.11M	shares	1 Quarter
Diluted weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	100.52M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.66M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.14M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$579.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.64M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$32.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-94.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.35M	USD	1 Quarter
Loss from legal settlement	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Loss from legal settlement	`GainLossRelatedToLitigationSettlement`	$-2.30M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$235.00K	USD	1 Quarter
Loss on abandonment of assets	`InventoryWriteDown`	$173.00K	USD	1 Quarter
Loss on abandonment of assets	`InventoryWriteDown`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-55.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-177.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$164.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$205.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$196.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$205.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.11M	USD	1 Quarter
Lease assets and liabilities	`IncreaseDecreaseInLeaseAssetsAndLiabilitiesNet`	-	USD	1 Quarter
Lease assets and liabilities	`IncreaseDecreaseInLeaseAssetsAndLiabilitiesNet`	$39.00K	USD	1 Quarter
Sales and use tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	1 Quarter
Sales and use tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-1.57M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.97M	USD	1 Quarter
CASH FLOW PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$17.29M	USD	1 Quarter
CASH FLOW PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$4.52M	USD	1 Quarter
Purchases of property and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$32.59M	USD	1 Quarter
Purchases of property and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$31.67M	USD	1 Quarter
Finance lease prepayments	`PrepaymentsForFinanceLease`	$7.56M	USD	1 Quarter
Finance lease prepayments	`PrepaymentsForFinanceLease`	-	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$390.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-40.54M	USD	1 Quarter
CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-31.67M	USD	1 Quarter
Repayment of finance leases	`FinanceLeasePrincipalPayments`	$209.00K	USD	1 Quarter
Repayment of finance leases	`FinanceLeasePrincipalPayments`	$4.85M	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfMediumTermNotes`	$15.00M	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfMediumTermNotes`	$3.75M	USD	1 Quarter
Borrowings of related party debt	`ProceedsFromRelatedPartyDebt`	$3.00M	USD	1 Quarter
Borrowings of related party debt	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfMediumTermNotes`	$3.46M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfMediumTermNotes`	$7.49M	USD	1 Quarter
Repayment of related party debt	`RepaymentsOfRelatedPartyDebt`	$39.26M	USD	1 Quarter
Repayment of related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$140.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Noncontrolling interest contributions	`ProceedsFromMinorityShareholders`	-	USD	1 Quarter
Noncontrolling interest contributions	`ProceedsFromMinorityShareholders`	$1.75M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$64.48M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
CASH FLOW PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$23.66M	USD	1 Quarter
CASH FLOW PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$8.91M	USD	1 Quarter
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.47M	USD	1 Quarter
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.36M	USD	1 Quarter
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.83M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$31.21M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$46.30M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$43.57M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.83M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$31.21M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$46.30M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$43.57M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$1.84M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$356.00K	USD	1 Quarter
Operating right-of-use assets obtained by lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Operating right-of-use assets obtained by lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$10.27M	USD	1 Quarter
Finance right-of-use assets obtained by lease obligation	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$46.95M	USD	1 Quarter
Finance right-of-use assets obtained by lease obligation	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$922.00K	USD	1 Quarter
Property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$6.73M	USD	1 Quarter
Property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$8.35M	USD	1 Quarter
Conversion of non-controlling interest	`ConversionOfNonControllingInterestAmountReceived`	-	USD	1 Quarter
Conversion of non-controlling interest	`ConversionOfNonControllingInterestAmountReceived`	$9.77M	USD	1 Quarter
Loss from legal settlement	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Loss from legal settlement	`GainLossRelatedToLitigationSettlement`	$-2.30M	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	105.85M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	95.93M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.95M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.90M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$69.68M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$79.23M	USD	Point-in-time
Beginning balance, treasury stock (in shares)	`TreasuryStockCommonShares`	5.00M	shares	Point-in-time
Beginning balance, treasury stock (in shares)	`TreasuryStockCommonShares`	5.00M	shares	Point-in-time
Shares issued in offering, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$64.48M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$579.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.64M	USD	1 Quarter
Capital contribution to noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$1.75M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.66M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.85M	USD	1 Quarter
Extinguishment of noncontrolling interest (in shares)	`NoncontrollingInterestDecreaseFromRedemptionsOrPurchaseOfInterestsShares`	1.50M	shares	1 Quarter
Extinguishment of noncontrolling interest	`MinorityInterestDecreaseFromRedemptions`	-	USD	1 Quarter
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	105.85M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	95.93M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.95M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.90M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$69.68M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$79.23M	USD	Point-in-time
Ending balance, treasury stock (in shares)	`TreasuryStockCommonShares`	5.00M	shares	Point-in-time
Ending balance, treasury stock (in shares)	`TreasuryStockCommonShares`	5.00M	shares	Point-in-time

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