Annual report pursuant to Section 13 and 15(d)

Restatement of Quarterly Financial Information - Operations (Details)

v3.24.1.1.u2
Restatement of Quarterly Financial Information - Operations (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2021
Dec. 31, 2020
Mar. 31, 2022
Mar. 31, 2021
Revenue:                              
Total revenue   $ 16,049 $ 17,808 $ 17,640 $ 12,467 $ 18,135 $ 16,697 $ 13,710 $ 19,065 $ 30,107 $ 32,775 $ 47,915 $ 49,472 $ 63,964 $ 67,607
Cost of goods sold:                              
Total cost of goods sold   16,234 15,733 14,498 11,858 21,025 14,480 12,609 15,008 26,356 27,617 42,089 42,097 58,323 63,122
Gross profit   (185) 2,075 3,142 609 (2,890) 2,217 1,101 4,057 3,751 5,158 5,826 7,375 5,641 4,485
Operating expenses:                              
Research and development   722 767 987 883 714 734 599 370 1,870 969 2,637 1,703 3,359 2,417
Selling, general and administrative   5,187 5,293 6,438 5,324 5,157 4,816 4,872 3,546 11,762 8,418 17,055 13,234 22,242 18,391
Total operating expenses   5,909 6,060 7,425 6,207 5,871 5,550 5,471 3,916 13,632 9,387 19,692 14,937 25,601 20,808
Loss from operations   (6,094) (3,985) (4,283) (5,598) (8,761) (3,333) (4,370) 141 (9,881) (4,229) (13,866) (7,562) (19,960) (16,323)
Other income   3 (21) (5) 665 4,989 (11) 11 4 660 15 639 4 642 4,993
Interest income   5 5 6 5 7 7 8 8 11 16 16 23 21 30
Interest expense   (1,204) (1,287) (1,278) (1,235) (1,321) (1,231) (1,313) (1,291) (2,513) (2,604) (3,800) (3,835) (5,004) (5,156)
Gain (loss) on debt extinguishment $ 1,900       1,950   (4,282)     1,950   1,950 (4,282) 1,950 (4,282)
Loss before provision for income taxes   (7,290) (5,288) (5,560) (4,213) (5,086) (8,850) (5,664) (1,138) (9,773) (6,802) (15,061) (15,652) (22,351) (20,738)
Provision for income taxes   9   2 8 9   9 1 10 10 10 10 19 19
Net loss   (7,299) (5,288) (5,562) (4,221) (5,095) (8,850) (5,673) (1,139) (9,783) (6,812) (15,071) (15,662) (22,370) (20,757)
Less: Deemed dividend on purchase warrant for common shares               15     15   15   15
Net loss attributable to common stockholders   $ (7,299) $ (5,288) $ (5,562) $ (4,221) $ (5,095) $ (8,850) $ (5,688) $ (1,139) $ (9,783) $ (6,827) $ (15,071) $ (15,677) $ (22,370) $ (20,772)
Net loss per common share attributable to common stockholders-basic (in dollars per share)   $ (0.48) $ (0.35) $ (0.37) $ (0.32) $ (0.41) $ (0.80) $ (0.52) $ (0.11) $ (0.69) $ (0.63) $ (1.04) $ (1.43) $ (1.52) $ (1.84)
Net loss per common share attributable to common stockholders-diluted (in dollars per share)   $ (0.48) $ (0.35) $ (0.37) $ (0.32) $ (0.41) $ (0.80) $ (0.52) $ (0.11) $ (0.69) $ (0.63) $ (1.04) $ (1.43) $ (1.52) $ (1.84)
Weighted average shares used to calculate basic net loss per common share attributable to common stockholders (in shares)   15,273 15,236 15,167 13,226 12,335 11,081 11,040 10,598 14,202 10,862 14,548 10,935 14,727 11,280
Weighted average shares used to calculate diluted net loss per common share attributable to common stockholders (in shares)   15,273 15,236 15,167 13,226 12,335 11,081 11,040 10,598 14,202 10,862 14,548 10,935 14,727 11,280
Bill and Hold                              
Revenue:                              
Total revenue   $ 409 $ (2,648) $ 565 $ (3,494) $ 416 $ (3,840) $ (983) $ 5,111 $ (2,929) $ 4,128 $ (5,577) $ 288 $ (5,168) $ 704
Cost of goods sold:                              
Total cost of goods sold   74 (2,166) 672 (2,359) 552 (3,110) (754) 3,480 (1,687) 2,726 (3,853) (384) (3,779) 168
Gross profit   335 (482) (107) (1,135) (136) (730) (229) 1,631 (1,242) 1,402 (1,724) 672 (1,389) 536
Operating expenses:                              
Selling, general and administrative   (738)                       (738)  
Total operating expenses   (738)                       (738)  
Loss from operations   1,073 (482) (107) (1,135) (136) (730) (229) 1,631 (1,242) 1,402 (1,724) 672 (651) 536
Loss before provision for income taxes   1,073 (482) (107) (1,135) (136) (730) (229) 1,631 (1,242) 1,402 (1,724) 672 (651) 536
Net loss   1,073 (482) (107) (1,135) (136) (730) (229) 1,631 (1,242) 1,402 (1,724) 672 (651) 536
Net loss attributable to common stockholders   $ 1,073 $ (482) $ (107) $ (1,135) $ (136) $ (730) $ (229) $ 1,631 $ (1,242) $ 1,402 $ (1,724) $ 672 $ (651) $ 536
Net loss per common share attributable to common stockholders-basic (in dollars per share)   $ 0.07 $ (0.03) $ (0.01) $ (0.09) $ (0.01) $ (0.07) $ (0.02) $ 0.15 $ (0.09) $ 0.13 $ (0.12) $ 0.06 $ (0.04) $ 0.05
Net loss per common share attributable to common stockholders-diluted (in dollars per share)   $ 0.07 $ (0.03) $ (0.01) $ (0.09) $ (0.01) $ (0.07) $ (0.02) $ 0.15 $ (0.09) $ 0.13 $ (0.12) $ 0.06 $ (0.04) $ (0.05)
Weighted average shares used to calculate basic net loss per common share attributable to common stockholders (in shares)   15,273 15,236 15,167 13,226 12,335 11,081 11,040 10,598 14,202 10,862 14,548 10,935 14,727 11,280
Weighted average shares used to calculate diluted net loss per common share attributable to common stockholders (in shares)   15,273 15,236 15,167 13,226 12,335   11,040 10,598 14,202 10,862 14,548 10,935 14,727 11,280
FPP Contracts                              
Revenue:                              
Total revenue   $ (118) $ (153) $ (121) $ (121) $ (143) $ (138) $ (213) $ (239) $ (242) $ (452) $ (395) $ (590) $ (513) $ (733)
Cost of goods sold:                              
Total cost of goods sold   1,365 (493) (660) 783 59 387 1,019 708 123 1,727 (370) 2,114 995 2,173
Gross profit   (1,483) 340 539 (904) (202) (525) (1,232) (947) (365) (2,179) (25) (2,704) (1,508) (2,906)
Operating expenses:                              
Loss from operations   (1,483) 340 539 (904) (202) (525) (1,232) (947) (365) (2,179) (25) (2,704) (1,508) (2,906)
Loss before provision for income taxes   (1,483) 340 539 (904) (202) (525) (1,232) (947) (365) (2,179) (25) (2,704) (1,508) (2,906)
Net loss   (1,483) 340 539 (904) (202) (525) (1,232) (947) (365) (2,179) (25) (2,704) (1,508) (2,906)
Net loss attributable to common stockholders   $ (1,483) $ 340 $ 539 $ (904) $ (202) $ (525) $ (1,232) $ (947) $ (365) $ (2,179) $ (25) $ (2,704) $ (1,508) $ (2,906)
Net loss per common share attributable to common stockholders-basic (in dollars per share)   $ (0.10) $ 0.02 $ 0.04 $ (0.07) $ (0.02) $ (0.05) $ (0.11) $ (0.09) $ (0.03) $ (0.20) $ 0.00 $ (0.25) $ (0.10) $ (0.26)
Net loss per common share attributable to common stockholders-diluted (in dollars per share)   $ (0.10) $ 0.02 $ 0.04 $ (0.07) $ (0.02) $ (0.05) $ (0.11) $ (0.09) $ (0.03) $ (0.20) $ 0.00 $ (0.25) $ (0.10) $ (0.26)
Weighted average shares used to calculate basic net loss per common share attributable to common stockholders (in shares)   15,273 15,236 15,167 13,226 12,335 11,081 11,040 10,598 14,202 10,862 14,548 10,935 14,727 11,280
Weighted average shares used to calculate diluted net loss per common share attributable to common stockholders (in shares)   15,273 15,236 15,167 13,226 12,335 11,081 11,040 10,598 14,202 10,862 14,548 10,935 14,727 11,280
Previously Reported                              
Revenue:                              
Total revenue   $ 15,758 $ 20,609 $ 17,196 $ 16,082 $ 17,862 $ 20,675 $ 14,906 $ 14,193 $ 33,278 $ 29,099 $ 53,887 $ 49,774 $ 69,645 $ 67,636
Cost of goods sold:                              
Total cost of goods sold   14,795 18,392 14,486 13,434 20,414 17,203 12,344 10,820 27,920 23,164 46,312 40,367 61,107 60,781
Gross profit   963 2,217 2,710 2,648 (2,552) 3,472 2,562 3,373 5,358 5,935 7,575 9,407 8,538 6,855
Operating expenses:                              
Research and development   722 767 987 883 714 734 599 370 1,870 969 2,637 1,703 3,359 2,417
Selling, general and administrative   5,925 5,293 6,438 5,324 5,157 4,816 4,872 3,546 11,762 8,418 17,055 13,234 22,980 18,391
Total operating expenses   6,647 6,060 7,425 6,207 5,871 5,550 5,471 3,916 13,632 9,387 19,692 14,937 26,339 20,808
Loss from operations   (5,684) (3,843) (4,715) (3,559) (8,423) (2,078) (2,909) (543) (8,274) (3,452) (12,117) (5,530) (17,801) (13,953)
Other income   3 (21) (5) 665 4,989 (11) 11 4 660 15 639 4 642 4,993
Interest income   5 5 6 5 7 7 8 8 11 16 16 23 21 30
Interest expense   (1,204) (1,287) (1,278) (1,235) (1,321) (1,231) (1,313) (1,291) (2,513) (2,604) (3,800) (3,835) (5,004) (5,156)
Gain (loss) on debt extinguishment         1,950   (4,282)     1,950   1,950 (4,282) 1,950 (4,282)
Loss before provision for income taxes   (6,880) (5,146) (5,992) (2,174) (4,748) (7,595) (4,203) (1,822) (8,166) (6,025) (13,312) (13,620) (20,192) (18,368)
Provision for income taxes   9   2 8 9   9 1 10 10 10 10 19 19
Net loss   (6,889) (5,146) (5,994) (2,182) (4,757) (7,595) (4,212) (1,823) (8,176) (6,035) (13,322) (13,630) (20,211) (18,387)
Less: Deemed dividend on purchase warrant for common shares               15     15   15   15
Net loss attributable to common stockholders   $ (6,889) $ (5,146) $ (5,994) $ (2,182) $ (4,757) $ (7,595) $ (4,227) $ (1,823) $ (8,176) $ (6,050) $ (13,322) $ (13,645) $ (20,211) $ (18,402)
Net loss per common share attributable to common stockholders-basic (in dollars per share)   $ (0.45) $ (0.34) $ (0.40) $ (0.16) $ (0.39) $ (0.69) $ (0.38) $ (0.17) $ (0.58) $ (0.56) $ (0.92) $ (1.25) $ (1.37) $ (1.63)
Net loss per common share attributable to common stockholders-diluted (in dollars per share)   $ (0.45) $ (0.34) $ (0.40) $ (0.16) $ (0.39) $ (0.69) $ (0.38) $ (0.17) $ (0.58) $ (0.56) $ (0.92) $ (1.25) $ (1.37) $ (1.63)
Weighted average shares used to calculate basic net loss per common share attributable to common stockholders (in shares)   15,273 15,236 15,167 13,226 12,335 11,081 11,040 10,598 14,202 10,862 14,548 10,935 14,727 11,280
Weighted average shares used to calculate diluted net loss per common share attributable to common stockholders (in shares)   15,273 15,236 15,167 13,226 12,335 11,081 11,040 10,598 14,202 10,862 14,548 10,935 14,727 11,280
Reclassifications                              
Operating expenses:                              
Weighted average shares used to calculate basic net loss per common share attributable to common stockholders (in shares)           12,335 11,081 11,040 10,598   10,862   10,935    
Weighted average shares used to calculate diluted net loss per common share attributable to common stockholders (in shares)           12,335 11,081 11,040 10,598   10,862   10,935    
Product, Accessories and Parts | Previously Reported                              
Revenue:                              
Total revenue             $ 15,374 $ 9,344 $ 8,936   $ 18,280   $ 33,654    
Cost of goods sold:                              
Total cost of goods sold             13,483 8,693 7,995   16,688   30,171    
Product, Accessories and Parts | Reclassifications                              
Revenue:                              
Total revenue             (15,374) (9,344) (8,936)   (18,280)   (33,654)    
Cost of goods sold:                              
Total cost of goods sold             (13,483) (8,693) (7,995)   (16,688)   (30,171)    
Product and accessories                              
Revenue:                              
Total revenue   $ 8,236 $ 9,901 $ 9,344 $ 5,239 $ 10,495 8,848 6,099 11,209 $ 14,583 17,308 $ 24,484 26,156 $ 32,720 $ 36,651
Cost of goods sold:                              
Total cost of goods sold   10,030 10,659 9,599 6,818 16,155 9,183 6,531 10,118 16,417 16,649 27,076 25,832 37,106 41,987
Product and accessories | Bill and Hold                              
Revenue:                              
Total revenue   238 (2,428) 879 (3,150) 550 (3,912) (1,107) 4,603 (2,271) 3,496 (4,699) (416) (4,461) 134
Cost of goods sold:                              
Total cost of goods sold   26 (2,030) 801 (2,174) 601 (3,141) (816) 3,318 (1,373) 2,502 (3,403) (639) (3,377) (38)
Product and accessories | Previously Reported                              
Revenue:                              
Total revenue   7,998 12,329 8,465 8,389 9,945       16,854   29,183   37,181 36,517
Cost of goods sold:                              
Total cost of goods sold   10,004 12,689 8,798 8,992 15,554       17,790   30,479   40,483 42,025
Product and accessories | Reclassifications                              
Revenue:                              
Total revenue             12,760 7,206 6,606   13,812   26,572    
Cost of goods sold:                              
Total cost of goods sold             12,324 7,347 6,800   14,147   26,471    
Service                              
Revenue:                              
Total revenue   7,813 7,907 8,296 7,228         15,524   23,431   31,244 30,956
Cost of goods sold:                              
Total cost of goods sold   6,204 5,074 4,899 5,040         9,939   15,013   21,217 21,135
Service | Bill and Hold                              
Revenue:                              
Total revenue   171 (220) (314) (344)         (658)   (878)   (707) 570
Cost of goods sold:                              
Total cost of goods sold   48 (136) (129) (185)         (314)   (450)   (402) 206
Service | FPP Contracts                              
Revenue:                              
Total revenue   (118) (153) (121) (121)         (242)   (395)   (513) (733)
Cost of goods sold:                              
Total cost of goods sold   1,365 (493) (660) 783         123   (370)   995 2,173
Service | Previously Reported                              
Revenue:                              
Total revenue   7,760 8,280 8,731 7,693   5,301 5,562 5,257 16,424 10,819 24,704 16,120 32,464 31,119
Cost of goods sold:                              
Total cost of goods sold   $ 4,791 $ 5,703 $ 5,688 $ 4,442   3,720 3,651 2,825 $ 10,130 6,476 $ 15,833 10,196 $ 20,624 $ 18,756
Service | Reclassifications                              
Revenue:                              
Total revenue             (5,301) (5,562) (5,257)   (10,819)   (16,120)    
Cost of goods sold:                              
Total cost of goods sold             (3,720) (3,651) (2,825)   (6,476)   (10,196)    
Parts and Service                              
Revenue:                              
Total revenue           7,640 7,849 7,611 7,856   15,467   23,316    
Cost of goods sold:                              
Total cost of goods sold           4,870 5,297 6,078 4,890   10,968   16,265    
Parts and Service | Bill and Hold                              
Revenue:                              
Total revenue           (134) 72 124 508   632   704    
Cost of goods sold:                              
Total cost of goods sold           (49) 31 62 162   224   255    
Parts and Service | FPP Contracts                              
Revenue:                              
Total revenue           (143) (138) (213) (239)   (452)   (590)    
Cost of goods sold:                              
Total cost of goods sold           59 387 1,019 708   1,727   2,114    
Parts and Service | Previously Reported                              
Revenue:                              
Total revenue           7,917                  
Cost of goods sold:                              
Total cost of goods sold           $ 4,860                  
Parts and Service | Reclassifications                              
Revenue:                              
Total revenue             7,915 7,700 7,587   15,287   23,202    
Cost of goods sold:                              
Total cost of goods sold             $ 4,879 $ 4,997 $ 4,020   $ 9,017   $ 13,896