Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED)

v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Preferred Stock [Member]
Common Stock [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Loss [Member]
Non-Controlling Interest [Member]
Microphase Corporation [Member]
Common Stock [Member]
Microphase Corporation [Member]
Non-Controlling Interest [Member]
Balance at Dec. 31, 2020 $ 18,709 $ 4,990 $ 19,915 $ (6,682) $ (327) $ 813    
Balance (in shares) at Dec. 31, 2020   515 2,920,085          
Capital contribution from parent 1,852   $ 1,852          
Net income (loss) 361     361        
Foreign currency translation adjustments (293)       (293)      
Net income (loss) attributable to non-controlling interest 1,114         1,114    
Balance at Mar. 31, 2021 21,743 $ 4,990 $ 21,767 (6,321) (620) 1,927    
Balance (in shares) at Mar. 31, 2021   515 2,920,085          
Balance at Dec. 31, 2020 18,709 $ 4,990 $ 19,915 (6,682) (327) 813    
Balance (in shares) at Dec. 31, 2020   515 2,920,085          
Net income (loss) (2,098)              
Net income (loss) attributable to non-controlling interest 93              
Balance at Sep. 30, 2021 21,839 $ 4,990 $ 25,730 (8,782) (1,005) 906    
Balance (in shares) at Sep. 30, 2021   515 2,920,085          
Balance at Mar. 31, 2021 21,743 $ 4,990 $ 21,767 (6,321) (620) 1,927    
Balance (in shares) at Mar. 31, 2021   515 2,920,085          
Stock-based compensation 545   $ 545          
Capital contribution from parent 2,741   2,741          
Net income (loss) (2,035)     (2,035)        
Foreign currency translation adjustments 225       225      
Net income (loss) attributable to non-controlling interest (1,084)         (1,084)    
Balance at Jun. 30, 2021 22,135 $ 4,990 $ 25,053 (8,356) (395) 843    
Balance (in shares) at Jun. 30, 2021   515 2,920,085          
Stock-based compensation 42   $ 42          
Capital contribution from parent 635   635          
Net income (loss) (426)     (426)        
Foreign currency translation adjustments (610)       (610)      
Net income (loss) attributable to non-controlling interest 63         63    
Balance at Sep. 30, 2021 21,839 $ 4,990 $ 25,730 (8,782) (1,005) 906    
Balance (in shares) at Sep. 30, 2021   515 2,920,085          
Balance at Dec. 31, 2021 22,500 $ 4,990 $ 26,682 (9,988) (240) 1,056    
Balance (in shares) at Dec. 31, 2021   515 2,920,085          
Stock-based compensation 41   $ 41          
Capital contribution from parent 517   517          
Net income (loss) (497)     (497)        
Foreign currency translation adjustments (391)       (391)      
Net income (loss) attributable to non-controlling interest (13)         (13)    
Balance at Mar. 31, 2022 22,157 $ 4,990 $ 27,240 (10,485) (631) 1,043    
Balance (in shares) at Mar. 31, 2022   515 2,920,085          
Balance at Dec. 31, 2021 22,500 $ 4,990 $ 26,682 (9,988) (240) 1,056    
Balance (in shares) at Dec. 31, 2021   515 2,920,085          
Net income (loss) (2,860)              
Net income (loss) attributable to non-controlling interest (501)              
Balance at Sep. 30, 2022 22,958 $ 4,990 $ 32,456 (12,849) (2,540) 901    
Balance (in shares) at Sep. 30, 2022   515 5,931,582          
Balance at Mar. 31, 2022 22,157 $ 4,990 $ 27,240 (10,485) (631) 1,043    
Balance (in shares) at Mar. 31, 2022   515 2,920,085          
Stock-based compensation 42   $ 42          
Capital contribution from parent 688   688          
Net income (loss) (1,627)     (1,627)        
Foreign currency translation adjustments (1,216)       (1,216)      
Net income (loss) attributable to non-controlling interest (322)         (322)    
Balance at Jun. 30, 2022 19,722 $ 4,990 $ 27,970 (12,112) (1,847) 721    
Balance (in shares) at Jun. 30, 2022   515 2,920,085          
Stock-based compensation 56   $ 56          
Capital contribution from parent 514   $ 514          
Shares acquired in reverse capitalization (in shares)     2,782,229          
Shares acquired in reverse capitalization 4,404   $ 4,404          
Fair value of convertible note, related party, in excess of cash received (142)   $ (142)          
Common stock issued on warrant exercise     229,268          
Net income (loss) (737)     (737)        
Foreign currency translation adjustments (693)       (693)      
Increase in Microphase ownership from 55.9% to 61.8%             $ (346) $ 346
Net income (loss) attributable to non-controlling interest (166)         (166)    
Balance at Sep. 30, 2022 $ 22,958 $ 4,990 $ 32,456 $ (12,849) $ (2,540) $ 901    
Balance (in shares) at Sep. 30, 2022   515 5,931,582